Metals and Minerals

28.02.2024

Kyzyl-Ompol field can bring up to $2 billion in net profit to Kyrgyzstan's budget

The economic potential of the Kyzyl-Ompol field project is significant. If it is launched, Kyrgyzstan will be able to receive up to $2 billion in net profit from each mine, and there are 10 of them. President Sadyr Zhaparov spoke about this.

He continued that Kumtor has already generated $300 million...

The economic potential of the Kyzyl-Ompol field project is significant. If it is launched, Kyrgyzstan will be able to receive up to $2 billion in net profit from each mine, and there are 10 of them. President Sadyr Zhaparov spoke about this.

He continued that Kumtor has already generated $300 million...

28.02.2024

Bullion, silver gain more ground as peers depreciate

Gold prices crawled up on Friday, buoyed by a slight pullback in the dollar and safe haven demand due to escalating tensions in the Middle East.

Spot gold was up 0.1% at $2,026.20 per ounce at 1325 GMT, and was on track for a small weekly rise. U.S. gold futures were...

Gold prices crawled up on Friday, buoyed by a slight pullback in the dollar and safe haven demand due to escalating tensions in the Middle East.

Spot gold was up 0.1% at $2,026.20 per ounce at 1325 GMT, and was on track for a small weekly rise. U.S. gold futures were...

28.02.2024

Ferrous, coal benchmarks linger on losing end

Iron ore futures were set for a sharp weekly drop amid persistent worries about demand in top consumer China, even as prices rebounded on Friday on concerns over possible supply disruption in Brazil due to a train accident.

The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended...

Iron ore futures were set for a sharp weekly drop amid persistent worries about demand in top consumer China, even as prices rebounded on Friday on concerns over possible supply disruption in Brazil due to a train accident.

The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended...

28.02.2024

Aluminium, copper, lead retreat as other base metals rally

Nickel prices were heading for their biggest weekly gain in seven months on Friday as expansion of Western sanctions against Russia triggered covering of bets on lower prices of the metal.

Three-month nickel on the London Metal Exchange was up 0.1% at $17,400 a metric ton in official open-outcry trading after...

Nickel prices were heading for their biggest weekly gain in seven months on Friday as expansion of Western sanctions against Russia triggered covering of bets on lower prices of the metal.

Three-month nickel on the London Metal Exchange was up 0.1% at $17,400 a metric ton in official open-outcry trading after...

28.02.2024

Kumtor Gold Company’s net profit for 2023 amounts to $302.4 million against plan of $194 million

Closed Joint Stock Company Kumtor Gold Company informs about the results of the enterprise's production activities for 2023.

Kumtor Gold Company's revenue from production activities in 2023 amounted to $849 million, against a plan of $734.2 million. In total, in 2023 the company sold 13 tonnes of 577 kg of gold....

Closed Joint Stock Company Kumtor Gold Company informs about the results of the enterprise's production activities for 2023.

Kumtor Gold Company's revenue from production activities in 2023 amounted to $849 million, against a plan of $734.2 million. In total, in 2023 the company sold 13 tonnes of 577 kg of gold....


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