The Russian government has allowed the TEMI Company, a part of Petropavlovsk, to mine for ore gold at the subsoil site, which includes Elginskoye field in Amur region. The company discovered the Elginskoye ore gold deposits in February 2017. The C1+C2 reserves are estimated at 72 tons of gold, 14 tons of silver and 56235…Details
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In September Evraz ZSMK sold 323 thousand tons of metal, down by 39% YoY. According to the railroad statistics, in 9 months sales grew by 4.1% YoY, to 4.78 million tons. Deliveries to Russian customers reached 1.47 million tons, down by 6.2% YoY, while exports grew by 9.4%, to 3.31 million tons. (Ukrainian metal)Details
In September Cherepovets Iron and Steel Works sales totaled 520.7 thousand tons, down by 2.7% YoY. According to the customs statistics, in January-September sales reached 5.97 million tons, up by 4.6% YoY. Deliveries to Russian customers dropped by 0.5% YoY, to 4.1 million tons, while exports grew by 17.8%, to 1.87 million tons. (Ukrainian metal)Details
In September sales of MMK rolled steel to local customers and abroad totaled 896.1 thousand tons, down by 7.8% YoY. According to the railroad statistics, in 9 months sales reached 8.05 million tons, up by 0.01% YoY. Russian customers received 5.26 million tons, up by 6.4%, while exports dropped by 10.1%, to 2.79 million tons.…Details
In January-September Izhstal produced 328 thousand tons of metal, up by 3% YoY. The largest increase was in the manufacture of bars and steel sections – 9% and 19% respectively. Deliveries to machine-building companies grew by 23%, and they accounted for 25% of all sales. The share of car manufacturers was 17%. (Ukrainian metal)Details
In January-September Khabarovsk region extracted 19176 kg of gold, up by 8.4% YoY. Alluvial gold accounted for 3907 kg and ore gold – 15268 kg, up by 2.8% and by 9.9% respectively. Silver output dropped by 4.8%, to 44.687 tons. (Ukrainian metal)Details
As of September 1, Magadan region has yielded 29772.2 kg of gold, up by 3.9 tons YoY. Tenkinskiy city district provided 10066.8 kg of ore gold. Susuman district was the leader in alluvial gold output – 6356.1 kg. The main silver-yielding district was Omsuckchansky – 427.9 tons. The total silver output is 538.3 tons. (Ukrainian…Details
In January-September the gold-extracting companies operating in Chukotka yielded 19.06 million tons of gold, including 2.5 tons of alluvial and 16.56 tons of ore gold. This is down by 4% YoY, including by 4% for alluvial gold, but up by 10% for ore gold. Silver output dropped by 13%, to 86.6 tons. In January-September 2017…Details
Polymetal International plc has concluded an agreement on the increase of the share in the gold ore deposits of Veduga to 74.3% by acquiring a 31.7% share in Amikan LLC, which has the license to develop the deposits. The price is $19.7 million to be paid in Polymetal shares. The two sellers – Sibproekt LLC…Details
The Yakutia republic’s Prosecutor’s Office has suspended a license of the gold producer Nordgold for production of gold near the Rederga River in the republic, the authority said in a statement on October 15. The prosecutors discovered that the company produced gold near the river without primary geological documents, and specialists of the Aldansky district’s…Details
In 10 year the casting and rolling complex of the Vyksa Iron and Steel Works produced more than 10.6 million tons of hot-rolled coils. The complex is unique in that its manufacturing cycle is just 3.5 hours, unlike over 24 hours at other works. The company intends to increase output by 20%, to 1.5 million…Details
In Q3 steel output grew by 1% QoQ, to 4.4 million tons and was flat YoY; capacity utilization rate remained high at 99%. Group sales in Q3 increased by 1% QoQ and by 4% YoY, to 4.4 million tons. Sales totaled 4.4 million tons (+1% QoQ). This growth was supported by the increase in long…Details
The price of one ounce of gold increased by 38.2925 manats or by 1.9% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,037.1134 manats. The price of one ounce of silver grew by 0.1437 manats or by 0.58%, to 24.5394 manats. The price of one ounce of platinum…Details