Kinross Gold intends to commission the project to develop Moroshka gold deposits in Chukotka Autonomous District by the end of the year. At present the construction works are nearing their end at the site. Ore mining will start in Q4. The deposits will be in development in 2019-2020. After the mine is commissioned the annual…Details
The department on subsoil use in Central-Siberian district has declared Zoloto Ynykchana LLC the winner of the auction to prospect and develop an alluvial gold site in Irkutsk region. With the initial price of 79 thousand rubles the company has offered 114.968 million rubles, or 1.46 times more. Another license – for alluvial gold site…Details
In January-August Electrum plus LLC, a part of Susumanzoloto, developing the Vetrenskoye deposits, extracted 250 kg of gold, having processed 108 thousand tons of ore. The output has slightly decreased compared with January-August 2017 mostly due to the drop of average gold contents in ore. By the end of the year the company intends to…Details
Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, has reported a raider attempt to seize the Novovolynskaya mine No. 9. “Early on September 10 some 30 unidentified people arrived at the enterprise with the acting CEO of the state enterprise Volynugol Andrei Pilipyuk. They refused to identify themselves, they all wore black…Details
The prices of precious metals changed in Azerbaijan on September 10, according to the data published by the Central Bank. The price of gold decreased by 14.4755 manats, to 2,028.304 manats per ounce compared to the price on September 7. The price of silver dropped by 0.0582 manats, to 23.9837 manats per ounce. The price…Details
The government of Armenia is negotiating with US the non-application of sanctions on Rusal Armenal. According to the minister of economical development and investments Artsvik Minasyan, the negotiations are held with participation of Rusal Armenal and the Ministry of foreign affairs. Armenian party does not want sanction against Rusal to be imposed on Rusal Armenal.…Details
In January-August Ukraine imported 1.01 million tons of nickel ore and concentrate valued at $49.17 million, up by 16.4% and by 15.6% YoY respectively. According to the State Fiscal Service, Guatemala supplied 73.09% of nickel ore and Indonesia – 26.91%. In 8 months Ukraine neither exported nor re-exported nickel ore and concentrate, just like in…Details
The price of one ounce of gold increased by 2.7965 manats or by 0.1371% last week in Azerbaijan, to 2037.4075 manats. The price of one ounce of silver decreased by 0.5609 manats or by 2.2798%, 24.28162 manats. The price of one ounce of platinum grew by 6.375 manats or by 0.4766%, to 1336.1048 manats. Last…Details
The German DMT Group will study the labor conditions in mines located in Tkibuli, western Georgia, in the wake of a deadly blast earlier this year claiming the lives of four miners and leaving another six injured. The Mindeli coalmine has been closed since the blast took place on July 16. The DMT Group will…Details
Last year Leader Stal Vostoc received the status of resident of the Free port of Vladivostok, and this summer opened its own manufacturing site in the town of Ussurijsk. The plant, employing over 20 people, processes and coats galvanized steel coils. The polymer-coated galvanized steel coils are then sold to construction materials manufacturers. Investments in…Details
Russia’s exports of ferrous metals increased by 13.5% YoY, to 27.452 million tons in January-July, the Federal Customs Service said. Cast iron exports rose by 32.1%, to 3.383 million tons, and semi-finished carbon steel goods exports increased by 14.8%, to 9.507 million tons. In monetary terms, ferrous metals exports rose by 33.9%, to $13.585 billion.…Details
Bratsk Aluminum Works is going on with its ecological modernization. At present another gas-purifying machine is being assembled at the site. The electric filters operating since 1966 are gradually replaced. Now the company is finishing the assembly of 2 such machines, each with the cost of over 100 million rubles. Moreover, 7 years ago the…Details
Yekaterinburg Non-Ferrous Metals Processing Works has started producing precision wares of precious metals and other materials for the medicine industry. The main products are anodes, cathodes and other wares for pacemakers. The company has already produced pilot batches of anodes for all the major manufacturers of medical devices in Russia and by 2019 intends to…Details
Head of State Nursultan Nazarbayev has visited one of Karaganda region largest enterprises, which produces rolled ferrous metals. The President of Kazakhstan got familiar with the technologies for the manufacture of long products and was informed about the further plans concerning the development of the metallurgical plant. In addition, Nursultan Nazarbayev was informed about the…Details
A firm, owned by the wife of the former bodyguard of ex-Kyrgyz President of Kyrgyzstan Almazbek Atambayev Erkin Mambetaliev, Aichurok Adieva, is behind illegal gold mining at Naiza field in Chatkal district. According to the Ministry of Justice, the founders of Muraz Sintez firm, which intends to extract gold in the territory of Besh-Aral nature…Details
In January-August Ukraine imported 3.273 million tons of aluminum ore and concentrate valued at $131.251 million, up by 7.65%, but down by 0.1% YoY respectively. According to the State Fiscal Service, the main suppliers were Guinea (56.62%), Guyana (37.75%) and Brazil (4.59%). Ukraine re-exported 45 tons of bauxites valued at $5 thousand to Poland, while…Details
The acting governor of Krasnoyarsk region Alexander Uss and Rusal president Vladislav Soloviev have visited one of the major Russian enterprises to produce car wheels of aluminum alloys – the Casting-Mechanical Works SKAD LLC. The company is situated in the city of Divnogorsk and has been a part of Rusal since 2017. SKAD produces over…Details
In August NLMK shipped 986.6 thousand tons of metal via railroad, down by 9.4% YoY.
In January-August sales increased by 1.1% YoY, to 8.5 million tons.
Russian customers received 2.6 million tons, up by 6.3% YoY, while exports totaled 5.57 million tons, down by 1.4%. (Ukrainian metal)
In August MMK shipped 994.2 thousand tons of metal via railroad, up by 9.2% YoY.
In January-August, according to railroad statistics, sales grew by 1.1% YoY, to 7.2 million tons.
Russian customers received 4.68 million tons of metal, up by 8.5%, while exports dropped by 10.5%, to 2.48 million tons. (Ukrainian metal)
In August Evraz-NTMK shipped 310.3 thousand tons of metal via railroad, up by 4.6% YoY.
According to the railroad statistics, in January-August sales reached 2.38 million tons, down by 9.2% YoY.
Russian customers received 1.35 million tons of metal, up by 3.2%, while exports fell by 21.6%, to 1.03 million tons. (Ukrainian metal)
Russdragmet LLC (a part of Highland Gold Mining Ltd) in January-June sold $146.9 million worth of precious metals.
Net profit grew by 10.5% YoY, to $28.6 million.
Gold sales dropped by 6%, to 121.2 thousand ounces.
EBITDA totaled $71.4 million, down by 2.5%. (Ukrainian metal)
In August Krasniy Octyabr had to produce 2500 tons of rolled metal, but in fact manufactured 2625 tons.
For September the company output plan is 2800 tons.
The goals set by the company management have been met.
Krasniy Octyabr supplies high-quality steel products to all its foreign customers in time. (Ukrainian metal)
MMK is reconstructing its hot-rolling mill-2500 in the sheet-rolling shop No. 4.
The project will increase the size and grade portfolio of the mill and improve the quality.
The capacity will grow from 4 to 5 million tons of metal per year. (Ukrainian metal)