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The Zangezur Copper-Molybdenum Combine (ZCMC) has suffered daily losses of around 400 million drams due to actions carried out for nearly a week by a group of employees and individuals unrelated to the company. Meanwhile, the state has incurred losses of over 100 million drams per day in tax revenue. “Thousands of company employees have…
DetailsIn January, Almalyk Mining and Metallurgical Combine (AGMK) exported products worth $28.8 million. The company shipped 2,700 tons of copper products to foreign consumers, exceeding the forecast by 8.4%. Zinc exports totaled 1,500 tons, surpassing projections by 19.3%, with a growth rate of 153.5% compared to the same period last year. A notable increase was…
DetailsIn 2024, Tajikistan produced 85 thousand tons of aluminum, up by 24% YoY. In monetary terms output grew by 47%. Manufacture of copper cathodes increased significantly. During discussions with China Mining it was agreed that copper processing in the republic would increase. Moreover, Tajikistan increased gold output by 18.8%, antimony by 23% and silver by…
DetailsSustainable Fitch has assigned JSC Navoi Mining and Metallurgical Company (NGMK) an ESG Entity Rating of “3” and an entity score of 51. This reflects NGMK’s efforts to implement its strategy for sustainable development, balanced against the environmental and social impacts of its operations. NGMK is a state-owned gold mining company based in Navoi. Its…
DetailsThe Ukrainian legislation quite quickly and efficiently applies sanctions on anyone cooperating with the enemy. And Neqsol Holding from Azerbaijan, which has bought the United Mining and Chemical Company is no exception, the interim chairwoman of the State Property Fund Ivanna Smachylo has said. She said that anyone taking part in auctions and winning was…
DetailsA civilian claim for 157 billion UAH ($3.78 billion) has been filed against Ferrexpo Poltava Mining. The claim was filed due to alleged illegal extraction of mineral resources and sale of production wastes. Ferrexpo refutes all accusation claiming there has been “no illegal extraction”. According to the company, the claim did not affect its operation.…
DetailsThe Republican Union of Employers of Armenia, emphasizing workers’ rights and their ability to voice grievances, has issued a statement expressing concern over an unauthorized strike organized by a group of employees at Zangezur Copper-Molybdenum Combine (ZCMC). According to the Union, this action contradicts Article 74 of Armenia’s labor code, disrupting the normal operations of…
DetailsIn January, Zaporizhstal increased rolled metal production by 9.7% YoY, to 215 thousand tons. Compared with December 2024, output decreased by 8.2%. Zaporizhstal also produced 287.7 thousand tons of pig iron (+10.2% YoY and +1.1% MoM) and 243 thousand tons of steel (+3.2% YoY and -1% MoM). (Ukrainian metal)
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