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)
DetailsElectrozinc 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…
DetailsBeloretsk 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…
DetailsOskol 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…
DetailsThe 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…
DetailsLast 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…
DetailsWithout 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…
DetailsRussia’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…
DetailsThe 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…
DetailsIn spring RG Gold commissioned the third crushing complex at the Yuzhniy Raigorodok and Severniy Raigorodok in Akmola region. This allowed the company to increase annual ore processing from 1.3 million tons to 2 million tons and produce some 45-50 thousand ounces (1.5 tons) of gold. Investments in the development totaled $6.7 million in 2017-2018,…
DetailsIn January-May Kuzbass mined 102.9 million tons of coal, up by 5.8% YoY. In particular, 73.6 million tons of power-generating coal and 29.3 million tons of coking coal were mined. SUEK-Kuzbass increased output by 1.8 million tons, Razrez Kiyzasskiy LLC – by 1.4 million tons, Stroyservis and MelTEK LLC – by 0.9 million tons each.…
DetailsSeverstal will construct a metal works to produce metal structures and welded goods in the city of Surgut. The works with the size of 350 square meters will create over 500 jobs. Investments total 13 billion rubles. The works is expected to start operating in 2021. (Ukrainian metal)
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