SSR to pay for cleanup at Turkish gold mine
The Turkish unit of SSR Mining Inc. will pay for all cleanup costs following a landslide at its Copler gold mine in eastern Turkey, a top government official said, without citing a specific figure.
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Visit: 76
Gold price retreats as new US employment data sends hawkish signal
Mining News Pro - Gold prices slipped by more than 1% on Thursday, putting an end to its New Year rally, as the latest release of US labour market data boosted expectations of higher interest rates for longer.
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Visit: 172
Gold price slides as hotter US inflation keeps hawkish Fed on track
Mining News Pro - Gold fell the most in almost a month after US inflation data came in hotter than expected, maintaining pressure on the Federal Reserve to keep aggressively raising rates.
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Rosatom inks deal with Russian builder at Turkish nuclear plant
Mining News Pro - Akkuyu Nukleer AS, the nuclear power company controlled by Russia’s state-run Rosatom Corp., annulled its contract with a Turkish builder and instead chose a Russian contractor for the remaining work on Turkey’s $20 billion atomic plant.
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Gold price bound for worst quarter in five, pressured by central banks’ hawkish rhetoric
Mining News Pro - Gold experienced a relatively larger decline on Thursday following a string of sluggish sessions this week, and is now headed for its worst quarter in five as the hawkish tone from global central banks continues to dim the metal’s appeal.
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Powell’s hawkish comments send gold price 1% lower
Mining News Pro - Gold prices slid on Tuesday after US Federal Reserve Chair Jerome Powell hinted at big rate hikes down the year to curb what is the hottest inflation seen in over 40 years.
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Turkish gold fever spurs dollar oddity unseen in Erdogan era
Mining News Pro - It took weeks of frenzied gold trading in Istanbul’s historic commercial center to spur one of the biggest gaps between the cost of physical dollar bills and the official exchange rate in 18 years.
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Turkish Imports of Billet and Bloom Has Reduced in February
Mining News Pro - The country has imported 68 thousand tons of steel ingot worth 38 million USD.
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Kyrgyz and Turkish miners join forces to develop gold projects in Central Asia
Mining News Pro - Kyrgyz gold producer Chaarat (AIM:CGH) and Turkish mining and mine construction contractor Çiftay İnsaat Tahhüt ve Ticaret signed today a binding term sheet to enter into a joint venture with the idea of collaborating on the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.
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Visit: 872
The value of Turkish steel exports increased by 35.2% during the first 10 months of the year (volume growth of exports was 15.5%)
Mining News Pro - Turkey`s steel exports grew by 35.2% in the first 10 months of the year and amounted to $ 12.4 billion.
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Visit: 1251
Production of about 520 thousand tons of ingots in Kaveh Steel South Kish / 78 per cent share of exports from Kaveh
Mining News Pro - The production of sponge iron from the south Kaveh steel plant reached about 888 thousand tons by the end of October, including 445 thousand tons of domestic iron, 380 thousand tons of exported and 62 thousand tons.
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Visit: 1040
Russian Ferrous Scrap Exports Down 21% in August on Falling Turkish Imports
Mining News Pro - After imposition of ban on scrap exports since 21st July, major importers like Turkey and South Korea observed 41% and 58% fall in scrap imports from Russia in August
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27% increase in production in Kaveh Steel South Kish / Export increased by 5% to over 340 thousand tons
Mining News Pro - The first phase of the first phase of steel construction of the Kaveh steel company in South Kish, by the end of September, will be completed using the capabilities of the company`s experts. According to the public relations of Kaveh Steel Company of South Kish, the first phase of the steelmaking of this company in the month of 2016 formally started its production and successfully Produced more than 2 million tons in this period.
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Visit: 926
PRECIOUS-Gold pares gains as Turkish currency crisis roils markets
Mining News Pro - Gold prices gave up earlier gains on Friday, with the crisis engulfing Turkey`s lira boosting demand for bullion as a safe investment while at the same time bolstering the U.S. dollar, making gold more expensive for buyers with other currencies. Investors rushed to the safety of the greenback as the lira collapsed as much as 23 percent to a record low, Russia`s rouble crumbled to its lowest in more than two years and the euro and pound touched their weakest levels in a year.
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Visit: 924
Turkish HRC imports slightly increase in Q1 y-o-y
Mining News Agency -According to the statistics from Turkish Statistical Institute (TUIK), Turkey imported around 1.07 million tons of hot-rolled coil in the first quarter this year, slightly up from 1.06 million tons in the same period last year.
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Visit: 1137