In February export prices increased by 1.6% from December 2017, while import prices – by 1%. According to the Statistics Committee of the Ministry of the National Economy, iron ore ores became 14.5% more expensive, manganese ores export prices increased by 13.2%, copper – by 13.1%, coal – by 3.9% and zinc – by 2.6%.…Details
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Zhezkazgan Copper Smelting Works will be operating at full capacity, according to Kazakhmys Smelting. The plant will operate 2 ore-smelting furnaces and a sulfur acid shop. In 2009 due to the decrease of available raw materials the works switched to the operation of only 1 smelting furnace. But as the copper-containing raw materials volumes will…Details
In Q1 Khabarovsk region obtained 3519.6 kg of ore gold and 12.8 tons of silver, up by 8.4%, but down by 5.5% YoY respectively. This year the region intends to yield 23450 kg of gold, up by 1.3% YoY. Alluvial gold season will start in May, so at present only ore gold is mined. Last…Details
The price of the license for the development of Tyrnyauz tungsten-molybdenum ores in Kabardino-Balkaria dropped 2-fold, from 2.2 billion rubles to 1.08 billion rubles. On the basis of the deposits a new industrial complex could be created, providing some 1 thousand jobs. The estimated reserves of the deposit are around 210 thousand tons of tungsten…Details
In March ChTPZ supplied 113.8 thousand tons of metal via railroad to domestic customers and abroad, down by 2.5% MoM, but up by 25.2% YoY. In February the results grew by 0.7% and by 49%, while in January by 5.2% and by 35% respectively. In Q1 sales reached 346.5 thousand tons, up by 35.8% YoY.…Details
In March Vyksa Iron and Steel Works supplied 223.6 thousand tons of metal via railroad to local customers and abroad, up by 15% MoM and by 30.7% YoY. In February the results dropped by 24.6%, but grew by 15.8%, while in January increased by 16.2% and by 48% respectively. In Q1 railroad shipments reached 675.7…Details
In 2017 the VTB bank purchased 10.7 tons of gold from extractors in the Republic of Sakha (Yakutia). Last year the gold miners of the region received 750 million rubles to prepare for the season within the loan program, up by 53% YoY. VTB is a leader in Russian gold purchases. (Ukrainian metal)Details
As of April 1, the gold-extracting companies of Magadan region mined 3933 kg of ore gold, with 1417 kg obtained in March. Silver output in three months totaled 163.9 tons. Gold mining increased by 11% YoY, while that of silver dropped by 8.3%. The decrease has to do with the scheduled drop of output at…Details
In Q1 Zabaykalye region yielded 929 kg of gold, up by 17% YoY. Tungsten concentrate output totaled 215.54 tons. Zinc and lead concentrate manufacture reached 13822.54 tons and 8091.45 thousand tons respectively. Coal mining totaled 5655 tons. (Ukrainian metal)Details
South Kuzbass has purchased new machinery for the Krasnogorskaya processing factory. The separator valued at 6.4 million rubles has been purchased under the technical revamping program. The new machine can process 215 tons of ore per hour. “The new machinery will provide for the stable operation of the whole manufacture, decrease operational expenses and electric…Details
The metal shop of Proizvodstvo polymetallov, a subsidiary of Uralelectromed, has started assembling a new converter. The machine will replace the outdated one. The old machine has already been disassembled. On its place a concrete foundation with the volume of 160 cubic meters has been laid. The replacement is scheduled to end in May. The…Details
According to the Baykal Mining Company CEO Yuri Ryabov, the mining and processing works at the Udokan copper deposits will be commissioned in 2022. In a year it was expected to mine 6 million tons of ore. At the same time, some media reported that the commissioning would be postponed for a year. But the…Details
Kyshtym Electrolytic Copper Plant is improving the quality of packaging. The new scheme of copper wire rod packaging prevents damage in transit. The novelty has to do with the increase of the coil compression, which makes it more compact. Such coils are less subject to vibration in transit, and thus, to damages. (Ukrainian metal)Details