In January-May Russia produced 21.6 million tons of pig iron, down by 0.4% YoY. According to the Federal Service of State Statistics, in May the decrease was 0.2% YoY and 0.6% MoM. Rolled metal output increased by 2.3%, to 25.9 million tons, with May results up by 0.5% MoM and by 2.9% YoY. Pipe companies…Details
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In January-May Amur region obtained 7337.7 kg of gold, down by 13% YoY. Silver is not mined in the region. The decrease in the output has to do with the drop of manufacture at Petropavlovsk and Nordgold assets. 6551.6 kg accounted for ore gold. Alluvial season started in May, and as of June 1, 786.1…Details
In May ZEMZ produced 4568 tons of steel, with the third electric steel shop providing 545 tons. Last month ZEMZ sold 2974 tons of metal. The mill-750 produced 2177 tons of rolled metal, up by 7.7% from the target. Slabs of nickel-containing stainless steel accounted for 615 tons. They have been supplied to Krasniy Oktyabr.…Details
Alexandrinskaya Mining and Ore Company has mined 4 million tons of ore at the underground mine Chebachye. The deposit of the copper ores is situated in Chelyabinsk region. It was discovered in 1972. The reserves are estimated at 15 million tons of ore. The development of the deposits started in 2004. The mine was commissioned…Details
Russian Copper Company intends to buy a project to develop the Malmyzhskoye gold-copper-porphyry deposits in Khabarovsk region. The second party of the deal will be IG Copper LLC. The cost of the deal is estimated at $200 million. The deal is expected to be finalized in Q3. (Ukrainian metal)Details
Electrozinc has assembled the UniFO switchboard device at the ultimate absorber of its sulfuric acid shop. This has completed the large-scale reconstruction and modernization program begun in 2008. In September during the scheduled shut down repair of the zinc manufacture the ultimate absorber will be connected to the chain of the machines and will be…Details
Beloretsk Iron and Steel Works is implementing the system of the incoming control of the bearings it receives. A laser-marking machine has been purchased to mark the bearings in order to control their usage. Earlier this year the company has already purchased a test bench to check and remove low quality bearings. Since then BMK…Details
Oskol Electrometallurgical Works has successfully passed the re-certification audit of the quality and environment management systems. The correspondence has been confirmed by TUV SUD Management and DNV GL. The audit has been carried out to check the compliance of the quality management system in car manufacture with IATF 16949:2016. Environment management system was checked for…Details
The director of the temporary administration of the Stakhanov Ferroalloy Plant Vladimir Gordienko has reported that the works has resumed operation. “We have even made the first smelting. By the end of the month we intend to have reached 1 thousand tons of output per month, and later to increase it to 1800 tons”, he…Details
Last week the price of precious metals varied in Azerbaijan. The prices of gold and silver increased, while the prices of platinum and palladium decreased. The price of one ounce of gold increased by 0.6545 manats, or by 0.0296%. Accordingly, the average price of one ounce of gold stood at 2,205.905125 manats. On June 15…Details
Without more investment in the mining industry, mineral production in the Kyrgyz Republic will decline over the next decade, report by the Natural Resource Governance Institute (NRGI), an independent nonprofit organization dedicated to improving countries’ governance over their natural resources to promote sustainable and inclusive development, says. As the author of the report “An Economic…Details
Russia’s production of finished, semi-finished, and powdered gold rose by 6% YoY and by 21.5% MoM in May, the Federal State Statistics Service said in a report. In January-May gold production increased by 2.9% YoY. Previously, absolute figures on production of non-ferrous metals were a state secret. The figures are no longer classified, but the…Details
The intergovernmental agreement signed in February, which allows China National Gold Group to get 70% of Klyuchevskiy gold ore deposits in Zabaikalye region, has been submitted to the State Duma for ratification. The project will be carried out in 2 years. The Chinese company will invest $500 million in gold mining. The reserves are estimated…Details