In January-August Azovstal produced 2.689 million tons of rolled metal, up by 29.2% YoY. According to the company statement, steel output grew by 0.5%, to 2.824 million tons, while that of pig iron – by 6.3%, to 2.623 million tons. In August Azovstal produced 308 thousand tons of rolled metal, 336 thousand tons of steel…Details
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The government of Sverdlovsk region has approved the removal of over 300 hectares of forests on the territory of Bilimbayevskoye and Nizhne-Tagilskoye forestries. The former will lose the largest part (254 ha). The sites thus retrieved will be used to extract ore gold and platinum at Kostarevskiy gold-bearing site and Rublevikskaya platinum alluvial site. (Ukrainian…Details
Kinross Gold intends to commission the project to develop Moroshka gold deposits in Chukotka Autonomous District by the end of the year. At present the construction works are nearing their end at the site. Ore mining will start in Q4. The deposits will be in development in 2019-2020. After the mine is commissioned the annual…Details
The department on subsoil use in Central-Siberian district has declared Zoloto Ynykchana LLC the winner of the auction to prospect and develop an alluvial gold site in Irkutsk region. With the initial price of 79 thousand rubles the company has offered 114.968 million rubles, or 1.46 times more. Another license – for alluvial gold site…Details
In January-August Electrum plus LLC, a part of Susumanzoloto, developing the Vetrenskoye deposits, extracted 250 kg of gold, having processed 108 thousand tons of ore. The output has slightly decreased compared with January-August 2017 mostly due to the drop of average gold contents in ore. By the end of the year the company intends to…Details
Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, has reported a raider attempt to seize the Novovolynskaya mine No. 9. “Early on September 10 some 30 unidentified people arrived at the enterprise with the acting CEO of the state enterprise Volynugol Andrei Pilipyuk. They refused to identify themselves, they all wore black…Details
The prices of precious metals changed in Azerbaijan on September 10, according to the data published by the Central Bank. The price of gold decreased by 14.4755 manats, to 2,028.304 manats per ounce compared to the price on September 7. The price of silver dropped by 0.0582 manats, to 23.9837 manats per ounce. The price…Details
The government of Armenia is negotiating with US the non-application of sanctions on Rusal Armenal. According to the minister of economical development and investments Artsvik Minasyan, the negotiations are held with participation of Rusal Armenal and the Ministry of foreign affairs. Armenian party does not want sanction against Rusal to be imposed on Rusal Armenal.…Details
In January-August Ukraine imported 1.01 million tons of nickel ore and concentrate valued at $49.17 million, up by 16.4% and by 15.6% YoY respectively. According to the State Fiscal Service, Guatemala supplied 73.09% of nickel ore and Indonesia – 26.91%. In 8 months Ukraine neither exported nor re-exported nickel ore and concentrate, just like in…Details
The price of one ounce of gold increased by 2.7965 manats or by 0.1371% last week in Azerbaijan, to 2037.4075 manats. The price of one ounce of silver decreased by 0.5609 manats or by 2.2798%, 24.28162 manats. The price of one ounce of platinum grew by 6.375 manats or by 0.4766%, to 1336.1048 manats. Last…Details
The German DMT Group will study the labor conditions in mines located in Tkibuli, western Georgia, in the wake of a deadly blast earlier this year claiming the lives of four miners and leaving another six injured. The Mindeli coalmine has been closed since the blast took place on July 16. The DMT Group will…Details
Last year Leader Stal Vostoc received the status of resident of the Free port of Vladivostok, and this summer opened its own manufacturing site in the town of Ussurijsk. The plant, employing over 20 people, processes and coats galvanized steel coils. The polymer-coated galvanized steel coils are then sold to construction materials manufacturers. Investments in…Details
Russia’s exports of ferrous metals increased by 13.5% YoY, to 27.452 million tons in January-July, the Federal Customs Service said. Cast iron exports rose by 32.1%, to 3.383 million tons, and semi-finished carbon steel goods exports increased by 14.8%, to 9.507 million tons. In monetary terms, ferrous metals exports rose by 33.9%, to $13.585 billion.…Details