In January-June Kamchatka region yielded 2471 kg of gold, down by 16.2% YoY. Silver output remained on the previous year level (7.3 tons). Ore gold accounted for 2466 kg. Alluvial gold output reached 5 kg, as only one enterprise was washing sands – Vector Plus LLC. This year gold output is expected on the level…Details
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Ormet has reached the design capacity of the surface stowage facilities of the Djusinskiy mine. The capacity of the facilities is 6 thousand cubic meters of fill rock per month. The construction size of the facilities is 1800 square meters. Ormet obtained the license to develop the Djusinskoye deposits in Orenburg region in 1999. Until…Details
In January-June Kuzbassrazrezugol mined 23.4 million tons of coal, up by 2% YoY, including some 3.2 million tons of coking coal. Since the start of the year the customers have been shipped 20.8 million tons of coal, with 70% exported (14.6 million tons) and the rest supplied to the domestic market (6 million tons). 20.7…Details
Prices of precious metals in Azerbaijan again started growing on July 23 after a week-long decline, according to the data published by the Central Bank. The price of gold increased by 17.6375 manats, to 2094.1195 manats per ounce on July 23, compared to the price on July 20. The price of silver increased by 0.2787…Details
The shares of Russian aluminum giant RUSAL soared by 10.84% on the Moscow Exchange on July 23 on the news that the U.S. expected to find an acceptable solution to remove sanctions against the company. “I’m not going to go into the exact specifics of what those proposals are and where we stand on them,…Details
PJSC ArcelorMittal Kriviy Rih proceeds to the final stage of construction of two new continuous casting machines (CCM Nos. 2, 3). Production premises for the new CCMs are built by more than a half, equipment assembling has started. Now it is one of the biggest construction projects of the company in CIS and Africa. The…Details
Energomashspetsstal has received a new order for the delivery of rolls weighing 560 tons to the three ArcelorMittal works in Europe. For ArcelorMittal Galati EMSS will produce 7 supporting rolls with the combined weight of 368 tons. In particular the order includes the solid-forged supporting roll with the weight of 160 tons to be used…Details
The U.S. Treasury is open to removing Russian aluminum producer Rusal from a U.S. sanctions list, Treasury Secretary Steven Mnuchin said, adding the objective was “not to put Rusal out of business”. Mnuchin’s comment was the latest indication the Trump administration was trying to aid sanctions-hit Rusal, which had taken a series of steps to…Details
Since the start of the season Spokoyniy LLC has produced 60 kg of alluvial gold in Magadan region. Thus, the annual plan for gold output has been 60% complete. The company has also been able to increase output by 10 kg YoY. This year gold is obtained from one site – the Posledniy brook. This…Details
In 2017 Kraszvetmet produced the record-high amount of gold in its history – 220 tons, up by 22% YoY. Last year 307 tons of gold were produced in Russia. The company also produced 570 tons of silver and 118 tons of platinum-group metals (platinum and palladium). The company produces precious metals of the raw materials…Details
In January-June Krasnoyarsk region increased power-generating coal output by 19% YoY. The growth in the output is explained with the increase in demand. This coal is one of the most exported from Russia. The largest coal importers are China, India and Japan. (Ukrainian metal)Details
The Severnaya mine in the city of Makeevka will be shut down, as water has not been pumped out of it since last August. Some miners will be fired, while the rest hope to be employed at the yet unflooded mines. According to the comments in social networks, mines with large coal deposits have been…Details
The price of one ounce of gold decreased by 39.202 manats or by 1.9% last week, to 2,094.1144 manats. The price of one ounce of silver decreased by 0.8642 manats or by 3.2%, to 26.5424 manats. The price of one ounce of platinum decreased by 40.2475 manats or by 2.84%, to 1,393.2503 manats. And the…Details