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Russia’s gold output rose by 2.45% YoY, to 314.42 tons in 2018, the Finance Ministry said citing data on gold supplies to refining plants. Mined gold output rose by 4.14%, to 264.41 tons, while by-product gold output decreased by 5.85%, to 15.44 tons, and gold scrap production fell by 5.55%, to 36.6 tons. Russia’s silver…
DetailsPM Nikol Pashinyan has presented details surrounding the existing situation at the Teghut Copper and Molybdenum Mine (Lori province) and the Alaverdi Copper Smelting Plant. Speaking in parliament, the PM presented how the situation developed in the first place. According to Pashinyan, the VTB Bank lent $380 million to the Teghut mine and Vallex Group,…
DetailsFrom April 2017 until December 31, 2018, AzerGold CJSC sold non-ferrous metals worth 220 million manats, Zakir Ibrahimov, chairman of the board of AzerGold CJSC, said at the first plenary meeting as part of the project “Application of a roadmap for disclosing information about beneficiaries in the mining industry of Azerbaijan”. Ibrahimov noted that the…
DetailsThe State Service of Geology and Subsoil Use has sold at the auction the special allowance to develop a nickel deposit to Tsvetmet Ukrainy LLC for 10.54 million UAH. This is the Prutovskoye site with sulfide-copper-nickel ores with the size of 15 square km in Zhitomir region. The initial cost of the allowance was 9.74…
DetailsIn 2018, the volume of sales of metal products of ArcelorMittal Kriviy Rih made 4.5 million tons, with finished products accounting for 65% (rebar, wire rod and sections). The share of square billets decreased by 2%, from 29% to 27%, while hot metal share increased to 9% (+2%). In 2018, customers from 62 countries purchased…
DetailsThe prices of precious metals increased in Azerbaijan on February 13. The price of gold grew by 8.1175 manats, to 2,232.4995 manats per ounce compared to the price on February 12. The price of silver went up by 0.0045 manats, to 26.7607 manats per ounce. The price of platinum increased by 5.1 manats to 1,345.448…
DetailsIn 2018 the ChTPZ pipes enterprises – Chelyabinsk Pipe-Rolling Works and Pervouralsky Novotrubniy Works – sold 1.92 million tons of pipes, down by 3.7% YoY. The decrease is due to the completion of large diameter pipes deliveries for the Nord Stream-2 construction. Deliveries to the Russian market grew by 1.2%, to 1.42 million tons, including…
DetailsIn December Tashkent Iron and Steel Works will produce its first cold-rolled sheet. The total cost of the project is 286 million euros. The main machinery will be supplied by Danieli, Italy. The company capacity will be 500 thousand tons of cold-rolled metal per year. The capacity will be reached in 2 years. The share…
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