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Kumtor Gold Company (KGC) produced 7,960 kilograms of gold in January-September, up by 81 kilograms from the established plan. KGC’s revenue for this period amounted to $579.8 million instead of the planned $463.4 million. The company’s net profit amounted to $216.6 million. Kumtor Gold Company notes that this indicates a high level of efficiency of…
DetailsAt a meeting on October 11, the Government decided to sell the state-owned stake in the United Mining and Chemical Company (UMCC) for almost UAH 4 billion. This was announced by Prime Minister Denys Shmyhal. He reminded that last week an auction had been held to privatize the state-owned UMCC, Ukraine’s major titanium ore mining…
DetailsThe Navoi Mining and Metallurgical Company (NMMC) has reached a historic milestone by successfully pricing its inaugural dual-tranche notes offering, which garnered a record oversubscription of $1 billion. This significant achievement includes $500 million in 4-year notes with a 6.70% coupon rate and $500 million in 7-year notes at 6.95%. NMMC’s offering generated the largest…
DetailsPoland has been ordered by an arbitration tribunal to pay GBP 252 million (1.3 billion zloty, EUR 300 million) in compensation to the Australian mining firm GreenX Metals for violating international treaties with regard to a failed coalmine project. The firm announced its successful claim on October 8, with lawyers declaring it a victory against…
DetailsIn January-September, Almalyk Mining and Processing Works manufactured products worth 28.357 trillion soums, up by 14.6% from the target. Kalmykar ore output grew by 2.3%. Copper raw materials processing increased by 0.4%. Copper output met the target, while from own raw materials exceeded it by 6.2%. Production of zinc from own raw materials went up…
DetailsThe President of Kyrgyzstan Sadyr Japarov visited the brand store for the sale of weighted gold bars of Kyrgyzaltyn JSC. The head of state was informed that the official opening of the store took place on September 5. The sales of gold bars amounted to 50 million soms and the company’s net income — 3…
DetailsNEQSOL Holding has applied for participation in an auction to sell 100% of shares of the United Mining and Chemical Company JSC shares. Cemin Ukraine LLC, controlled by NEQSOL Holding, was the only participant of the auction scheduled for October 9 with the offer of 3.938 billion UAH. The starting price was 3.899 billion UAH.…
DetailsThe Cabinet of Ministers has added the Nikopol Works of Titanium Alloys Seamless Pipes (VSMPO Titan Ukraina) to the list of big privatization objects. The works was confiscated from the Russian oligarch Mikhail Shelkov. This is the second privatization of the asset. The enterprise was created on the basis of a Nikopol Pipe Plant shop.…
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