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Gold is illegally mined in Aksy district of Jalal-Abad region. The State Inspectorate for Environmental and Technical Safety made a decision to prohibit the activities of Spektr LLC. Despite the ban, the company continues exploration on the alluvial gold deposit. As the Deputy Chairman of the State Committee of Industry, Energy and Subsoil Use, Suyuntbek…
DetailsPrices of precious metals varied on September 26, according to the data published by the Central Bank. The price of gold increased by 5.661 manats, to 2,043.502 manats per ounce on September 26 compared to the price on September 25. The price of silver grew by 0.4269 manats, to 24.6494 manats per ounce. The price…
DetailsOMZ-Spetsstal has completed construction and started commissioning a new gouging chamber. The new unit with exhaust system will improve labor conditions and prevent air pollution. The gouging chamber has been constructed under a program to modernize manufacturing capacities. (Ukrainian metal)
DetailsIn August the Republic of Buryatia extracted 586.8 kg of gold, including 285.9 kg of ore gold and 300.9 kg of alluvial gold. In January-August gold output reached 3516.5 kg. In particular, ore gold accounted for 2269.8 kg and alluvial gold – 1246.7 kg. Last year the region yielded 5677.9 kg of gold. (Ukrainian metal)
DetailsSince last week strikes and protests have renewed at the state enterprises Mirnogradugol and Selidovugol. The reason is that the enterprises have not received state support promised 2 weeks ago. While the situation is unstable, the mines continue operating. Still, some miners refuse to go underground. The miners’ unions say if the money to clear…
DetailsThe decrease of the coal price to 1800 UAH per ton, as suggested by the draft law 8626, will result in mines shutting down and will simply destroy the coal industry. According to the Independent Miners’ Union chairman Mikhail Volynets, the connection of the Ukrainian coal price to the international indexes through the Rotterdam+ gave…
DetailsIn August Ukraine went up to the 12th position in the rating of the 67 countries, compiled by Worldsteel. China was traditionally the first with 80.326 million tons produced in August, up by 2.7% YoY. Ukraine produced 1.786 million tons, down by 3.7%. All in all in August world steel output grew by 2.6% YoY,…
DetailsSergey Plichko has been appointed chief financial officer, chief accountant of ArcelorMittal Kriviy Rih. He has been the acting CFO and CA since February 17, 2017. Plichko has been appointed since September 21 for an indefinite term. (Ukrainian metal)
DetailsPrices of precious metals increased in Azerbaijan on September 25, according to the data published by the Central Bank. The price of gold grew by 2.737 manats, to 2,037.841 manats per ounce on September 25 compared to the price on September 24. The price of silver went up by 0.0309 manats, to 24.2225 manats per…
DetailsRussia estimates its losses from the US-imposed tariffs on steel and aluminum at $600 million. “We have calculated the damage to our economy from the US decision. It is some $600 million. We have already paid $100 million of new duties”, the minister of economic development Maxim Oreshkin said. In response Russia has imposed additional…
DetailsIn late August a delegation of the Yekaterinburg Non-Ferrous Metals Processing Works visited Armenia. There the company representatives met with top-managers of a jewelry works, a large manufacturer of basalt continuous fibers and cement, etc. “These companies are already our customers. We supply them with such products as laboratory wares, affined metals, machinery to produce…
DetailsSeverstal Steel Decisions has shipped over 250 tons of metal structures for the construction of an Ozon e-store logistics complex in the Moscow region. Metal structures have been produced at the manufacturing site in Oryol of steel manufactured by Cherepovets Iron and Steel Works. Moreover, in Q3 the company supplied over 200 tons of welded…
DetailsGaysky Mining and Processing Works is constructing a main ventilation unit at the Severnaya Ventilyatsionnaya 2 mine. The unit will service horizons below 990 meters. The depth of the mine will be 1310 meters. The construction of the shaft is also underway. At present the company is preparing foundation for the premises of the ventilation…
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