Russian Copper Company intends to buy the rights to develop the Malmyzhskoye copper-porphyry deposits in Khabarovsk region. IG Copper LLC will be the seller. The company owns 51% in the project. The estimated price of the deal is $200 million. The deal is to be finalized in Q3. The license for the Malmyzhskoye project is…Details
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The decrease of cargo trains throughput in the direction of Mariupol has affected the Mariupol Ilyich Iron and Steel Works output. In particular, the company pig iron manufacture in June is decreased by 25 thousand tons. Raw materials stocks are enough for 1-2 days, while the losses of non-received currency revenue and non-fulfillment of obligations…Details
The prices of main precious metals varied in Azerbaijan on June 21, according to the data published by the Central Bank. The cost of gold decreased by 14.374 manats, to 2,151.758 manats per ounce compared to the price on June 20. The cost of silver decreased by 0.144 manats, to 27.6156 manats per ounce. The…Details
Avdiivka Coke and Chemical Works is on the verge of the being shut down because of the sulfuric acid shortage. “In 7 days we will completely run out of the sulfuric acid, the raw materials, without which our operation is impossible”, the company CEO Musa Magomedov wrote on his Facebook page. According to him, the…Details
Energomashspetsstal has started producing rolls for Primetals Technologies (Austria) under the contract signed in April. The company has ordered 4 supporting rolls with the combined weight of 105 tons. The rolls will be delivered to the customer in Q1 2019. Within the project to construct a new plat mill 1700 at ArcelorMittal Lazaro Cardenas in…Details
The AvtoVAZ delegation headed by the company president Yves Caracatzanis has visited MMK. The parties discussed cooperation issues and prospects of creating new steel grades for car industry. This is the first Yves Caracatzanis’ visit to MMK since his appointment in early June. AvtoVAZ is one of MMK’s largest partners – last year the company…Details
In May the steel sections shop of Severstal-Metiz set a record of bulk output (2.923 thousand tons) and sales (over 3 thousand tons). “Severstal-Metiz is actively developing various product routes and expanding sales markets. The quality of our products is constantly improving”, the company CEO Sergey Kovryakov noted. (Ukrainian metal)Details
In 2017 the total volume of funds that Zaporizhstal spent on its social obligations reached 400 million UAH. According to the company statement, last year it fulfilled all the 122 measures provided for by the social contract. Last year the average salary at the works grew by 25%, and is now one of the highest…Details
The proposal by Chaarat Gold to acquire Kumtor does not provide sufficient benefits to Centerra, CIBC analytics said. As the organization notes, analysis suggests that the proposal does not provide sufficient benefits to Centerra, given its future funding obligations, despite improving the geopolitical risk profile. According to the analytics, the sale of Kumtor will significantly…Details
The prices of precious metals decreased in Azerbaijan on June 20, according to the data published by the Central Bank. The cost of gold decreased by 42.9505 manats, to 2,166.1315 manats per ounce compared with the price on June 14. The cost of silver decreased by 1.148 manats, to 27.7593 manats per ounce. The cost…Details
Tungsten trioxide reserves of Kazakhstan are estimated at over 2 million tons. The development of the industry began in 1970s. But the project was suspended in 1993 due to numerous economical and political reasons. So far 12 deposits have been prospected in the country. The largest of them are Verkhneye Kayraktinskoye and Severniy Katpar in…Details
In January-May Kazakhstan produced 36621 kg of raw and semi-raw gold (powder), up by 7.2% YoY. According to the Statistics Committee of the Ministry of national economy, silver output, on the other hand, dropped by 7.7%, to 410532 kg. (Ukrainian metal)Details
In May the diggers’ team Amur obtained 14.3 kg of platinum. Last month the enterprise washed 31 thousand cubic meters of sand. Rusty platinum output totaled 16 kg. This year the enterprise operates at the Uorgalan alluvial site. Last year Amur operated at the Konder site, having obtained 1274 kg of platinum, down by 17%…Details