Magnitogorsk Iron and Steel Works (MMK) has become the only Russian company in the metal and steel industry to be included among the top ten ranking Russian companies for environmental initiatives, a bi-annual list compiled by the Living Planet channel and the Modern Media Research Institute (MOMRI). In the rankings for the first half of…
DetailsNLMK Group has embarked on the construction of an additional beneficiation section at Stoilensky. Three new grinding lines (vertical mills) will enable the company to have increased its concentrate output from 17.5 million tons per year 20 million tons and ore processing capacity from 37 million tons to 42 million tons by 2020, thus increasing…
DetailsTurkey’s Tasyapi company and the State Committee of Uzbekistan for Geology and Mineral Resources have signed an agreement on the development of two gold deposits in the Samarkand region. In accordance with the agreement, the parties will organize joint exploration and development of the Galabulak and Kushtepa fields. During four months, the Turkish company will…
DetailsPrices of precious metals increased in Azerbaijan on October 29, according to the data published by the Central Bank. The price of gold grew by 2.125 manats, to 2,096.3295 manats per ounce on October 29 compared to the price on October 26. The price of silver went up by 0.0633 manats, to 24.9393 manats per…
DetailsExperts from the State Russian Museum proceeded with the implementation of the innovative education-and-exhibition project “Living Planet in Colors and Digits” in Petrozavodsk with the assistance of the companies Severstal and Power machines. The project events will be held at the Museum of Fine Arts of the Karelian Republic. The project is aimed at artistic…
DetailsThe price of one ounce of gold increased by 6.6895 manats or by 0.32% last week in Azerbaijan, to 2091.8262 manats. Last week the price of one ounce of silver decreased by 0.0599 manats or by 0.24%, to 24.9485 manats. The price of one ounce of platinum dropped by 18.8275 manats or by 1.34%, to…
DetailsDeputy chairman on Samruk Kazyna Alik Aidarbayev and the governor of the Kyzylorda region Krymbek Kusherbayev have laid the first capsule of the mining and processing works at the Shalkiya deposits. The plant is expected to produce 4 million tons of ore per year. Preparation to the construction started in May 2016. The cost of…
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