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Last week the price of one ounce of gold increased by 90.5 manats or by 3.5%. Accordingly, the average price of one ounce of gold stood at 2,518.9427 manats. The price of one ounce of silver grew by 1.0469 manats or by 3.6%, to 28.5267 manats. The price of one ounce of platinum went up…
DetailsCenterra Gold Inc. announced that all conditions precedent to the completion of the Strategic Agreement entered into with the Kyrgyz Republic Government on September 11, 2017 had been satisfied or waived and all parties had therefore acknowledged that the First Completion Date (as defined in the Strategic Agreement) had occurred. All parties to the Strategic…
DetailsRussia’s gold exports grew by 67% YoY, to 15.78 tons in January-June, the Assay Chamber at the Finance Ministry, responsible for state control over exports and imports of precious metals and stones, said. Refined silver exports fell by 56.6%, to 212.1 tons, platinum by 2.2%, to 11.56 tons, but palladium grew by 7%, to 45.612…
DetailsIn June Armenia produced 1440 tons of molybdenum concentrate, up by 10.6% MoM and by 64.6% YoY, as well as by 43% from the average monthly result in the past 12 months, and the record one for the country. Ferromolybdenum manufacture increased to 674 tons, up by 1.6% MoM and by 12% YoY, after a…
DetailsChTPZ Group has started transforming its scrap-procuring division, the Meta Group of Companies. The program will run till 2023 in 2 stages. During the first stage, until 2021, the company will get a new target system of business processes and implement a number of IT-tools to manage and control scrap procurement and processing. The second…
DetailsIn July Mechel-Materials processed a record of 43 thousand tons of metal manufacture waste into mineral additive to concrete mixes. This is some 40% of Chelyabinsk Iron and Steel Works blast furnace wastes in a month. The additive is obtained by shredding pig iron manufacture waste in special mills. The use of the additive allows…
DetailsEurasian Economic Committee will impose quotas on hot-rolled metal from Ukraine and South Korea from December 1 for a year. Under the quota it will be possible to supply 1.328 million tons of rolled metal without additional payments, but over that volume the duty will be 20% of the customs cost. “The special protective measure…
DetailsLime manufacture in January-July increased by 4% YoY, to 1.2 million tons. Dniepropetrovsk and Donetsk regions are still the major producers, accounting for 68% of the total output. The growth is due to increase of lime output at Mariupol Ilyich Iron and Steel Works and Azovstroymaterialy. The 10 largest manufacturers accounted for 86% of lime…
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