Azerbaijan, Metals and mining

Iron ore GOK sold in Azerbaijan

The State Committee for Property Affairs of Azerbaijan has announced for the third time an investment competition for the sale of 99.22% stake in the company Dashkesan Filizsaflashdirma, engaged in

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Investment into construction of a metallurgical complex in Azerbaijan to exceed 1.2 bln euro

The investment into the construction in Azerbaijan of a new metallurgical complex that comprises 5 plants is assessed at 1.225 bln euro, the Minister of Economy of Azerbaijan, Sh.

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Nearly $ 6 billion are invested into the oil sector of Azerbaijan.

In January-September 2016 5.79 billion manat had been invested into the oil and gas sector of Azerbaijan, the State Statistics Committee reported Trend.

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Anglo Asian increased copper and silver production in Q1, 2016

Anglo Asian Mining stated about the building of an additional enterprise for processing of harder formation and production of 14.172 thousand ounces of gold at Gedabek (Western Azerbaijan) in the first quarter.
It is by 21% less than during the previous quarter. It is due to very hard rock and low grade of ore, which goes for processing.

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Gold production in Azerbaijan is down by 21% in Jan.

Gold production in Azerbaijan made up 135.5 kg in January 2016 (-21.1% y-o-y), they stated in the State Statistics Committee to “Interfax-Azerbaijan” agency.
The produced gold is delivered for processing.

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Russia Minerals:Review and forecast of market development: Q3

In the first nine months of 2015, the Russian index of mineral resources mining grew by 0.3%, and the index of mining of metal ores increased by 1.6%. The index of metallurgical production and output of finished metal products fell by 5.7%.
In the non-ferrous metallurgy production the index decreased by 8.1% due to the reduced putput of products of increased technological readiness, delivered to the domestic market. The index of mining and enrichment of non-ferrous metals grew by 3.1%. The domestic demand for non-ferrous metals decreased by 20%, while the export grew by 1.7%.
According to the Russian Statistics Committee, in January-September 2015, the ore mining and production of gold concentrates decreased by 4.1%, the production of gold bullions - by 2.1%. According to the Ministry of Finance, the total gold production decreased by 0.6% to 215.868 tons, including primary production decreased by 0.7% to 173.82 tons, byproduct production - by 26.5% to 9.69 tons, and scrap production grew by 11.9% to 30.95 tons.

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Anglo-Asian Mining Plc (AAM) expects to produce 80 thousand ounces of gold next year

Anglo-Asian Mining Plc (AAM) is about to produce 80 thousand ounces of gold next year.
According to Trend, chief executive of AAM R.Vaziri, the company is about to produce about 74-75 thousand ounces of gold this year. According to him, as the deposit “Gedabek” is difficult for development, the company does not anticipate gold production, higher than it was mentioned above.

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Azerbaijan increased gold production by 24% in Jan-October

The subsurface users of Azerbaijan increased gold production by 23.96% up to 11890.7 kg in January-October 2015 compared to the same period last year, Goskomstat of the country reports.

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Azerbaijan increased gold production 25% in Jan-September

The subsurface users of Azerbaijan increased gold production by 25.21% to 1682.2 kg in January-September 2015 year-on-year and decreased silver production to 89.3 kg against 217.2 kg in January-September 2014, Federal State Statistics Service reports.

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