The cost of gold increased by 9.73 manats (0.4%), to 2250.528 manats per troy ounce in Azerbaijan on March 12, according to the data published by the country’s Central Bank. The cost of silver increased by 0.87%, to 27.178 manats per ounce, the cost of platinum by 1.4%, to 1641.571 manats and the cost of…Details
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Irshansk Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of fuel valued at 6.45 million UAH. Until the end of the year the company will have to supply 22 tons of AI-95-K5 Euro petrol at 39360 UAH per ton, 145 tons of A-92 Euro 5-E5 petrol at 37740 UAH per…Details
The automobile base of Pavlogradugol caught fire. The fire has almost completely destroyed 17 automobiles. In particular, according to the emergency service message, 9 buses and 8 cars were destroyed. The fire covered the size of 900 square meters. There were no casualties. (Ukrainian metal)Details
Raspadskaya Coal Company has put 2 unmanned flying vehicles in operation. They will increase the safety and speed of mining operations, as well as the precision of calculations. During a 30-minute flight the drone can take 500 pictures. The maximum height of the quadrocopter filming is 500 meters. The new drones can operate under complex…Details
Sberbank will provide the Sredneuralsky Copper Smelting Works with a multi-currency renewable limit on trade operations within the framework of the general agreement dated January 11. The minimum amount is 95 million euros. The money is provided until January 10, 2021. The limit of the loan is 22.77% of the company assets cost as of…Details
Priisk Solovievskiy, which is extracting gold in Amur region and Zabaykalye territory, intends this year to obtain 3.5 tons of gold. Just like in 2017, this year the company plans to obtain 3.1 tons of gold in Amur region. Zabaykalye territory is projected to supply 400 kg of alluvial gold. In 2017 the company obtained…Details
This year Standart LLC, which extracts gold in the Khabarovsk territory, intends to obtain 80 kg of gold. The washing season will start in May. The company will wash for gold at the deposits on the Malye Bitki River. The machinery was left standing at the sites, so the company is prepared to start working…Details
In January-February Amur region yielded 2823.7 kg of gold, up by 3.4% YoY, or by 93.4 kg. The main volume was provided by Petropavlovsk enterprises: Pokrovsky mine obtained 918 kg of gold and Albyn mine – 842.2 kg. At the same time Malomyr mine reported the yield of 581.6 kg of gold. Berezitovy mine (a…Details
Karabashmed has carried out scheduled repairs of its chemical and metallurgical machinery. All the planned work was performed in full and according to the schedule. From the moment of the complete halt of the process till the start of the furnace warming, only 9 hours elapsed. In the metal shop the company repaired the main…Details
In 2017 the ChTPZ group shipped 1.988 million tons of pipes to customers, up by 16% YoY, or by 275 thousand tons. ChTPZ share in pipes sales in Russia grew last year by 1%, to 17.5%. The sales of seamless pipes increased by 19%, to 1.2 million tons. The group also sold 800 thousand tons…Details
The supervisory board of Russia’s republic of Tatarstan-based Alabuga special economic area approved a $250 million cold-rolled flat metal products facility to be built by Gemont Metal until July-September 2020, the area said in a statement on March 12. The first stage of the plant will have a capacity of 770,000 tons annually. It will…Details
Petropavlovsk Plc, which extract gold from 4 mines, in 2017 increased JORC gold reserves by 8% YoY, or by 670 thousand ounces. The company resources grew by 6%, or by 1.17 million ounces. According to the company statement, the resources and reserves grew due to the successful prospecting at the Pioner and Albyn deposits. As…Details
The Supreme Court of London has cancelled the prohibition to Crispian Investment of Roman Abramovich and Alexander Abramov, owning 6.3% in Norilsk Nickel, to sell some 4%. Since February 16 Rusal has been struggling against the sell of Crispian share in Nornickel for $1.47 billion to Bonico Holdings, a Whiteleave company, claiming the breach of…Details