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In 2024, the private JSC Dniprospetsstal Electrometallurgical Works (Zapoirzhzhia) receved a net loss and plans to liquidate operations. At the remote shareholders meeting, scheduled for April 29, it will be proposed not to pay dividends. Losses must be covered with profits from previous years. Moreover, the company can be liquidated. The statutory capital of DSS…
DetailsIn January-February, Georgia’s trade with Turkiye, its main trading partner, amounted to $384.3 million, including $337.92 million of imports and $46.38 million of exports, down by 17.2% and by 27.1% YoY respectively. In particular, Georgia imported 11.617 thousand tons of steel pipes, up by 18.6%. In monetary terms exports increased by 10.4%, $9.45 million. (Ukrainian…
DetailsIn the first two months of 2025, Uzbekistan exported $1.73 billion worth of gold, according to data from the National Statistics Committee. Compared to the same period last year, gold exports increased by 31.3%. The share of gold in Uzbekistan’s total exports also grew, reaching 37.3%, compared to 36.3% in the previous year. (UzDaily)
DetailsThe new electricity tariffs in Tajikistan are set to be imposed on April 1. Electricity costs for the Tajik Metallurgical Plant will rise by 33%, from 10.64 dirams ($0.001) to 14.19 dirams ($0.013) per kWh during the summer period (May to September), and from 60.65 dirams ($0,056) to 80.90 dirams ($0.074) per kWh during the…
DetailsCompanies operating in Armenia will receive preferential conditions for producing metal items from local raw materials, including molds and semi-finished products. According to a decision adopted at a government session, enterprises engaged in such production will be eligible for a 10% subsidy on industrial loans. In recent years, the country’s metallurgical sector has developed based…
DetailsKazakh President Kassym-Jomart Tokayev held a meeting with Chairman of Kazatomprom Meirzhan Yussupov, during which the company’s new development strategy for 2025-2034 was presented. During the meeting, President Tokayev was briefed about Kazatomprom’s operating outcomes for 2024 as well as its short- and medium-term objectives and plans. Kazatomprom’s uranium production stood at more than 23,000…
DetailsAn employee perished on March 19 at the East-Zhezkazgan mine operated by Kazakhmys Group of Companies in Ulytau region. “A worker born in 1994 died of sustained injuries after falling into the mine shaft No. 57, while unloading equipment and supplies. The incident is being investigated. A special commission has been established to investigate the…
DetailsIn February, Ukraine decreased iron ore exports by 21.4% MoM and by 3.3% YoY, to 2.46 million tons. According to the State Customs Service, the main customer was China, accounting for 1.29 million tons, down by 24.8%. Slovakia purchased 264.63 thousand tons (-34.8%) and Poland – 416.28 thousand tons (+4.3%). In January-February, iron ore exports…
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