During the official visit of the Uzbekistan president to Germany, an agreement with KfW-IPEX Bank was signed to construct a new copper-smelting complex worth $2.55 billion. The construction is being carried out under an investment project “Developing the Yoshlik I deposit” according to the decree of the president “On additional measures to expand the manufacture…
In July, Ukraine exported 119.6 thousand tons of pig iron to the USA, up by 40.2% MoM and 4.7-fold YoY. In January-July, pig iron exports totaled 748.4 thousand tons, up 2.3-fold YoY. But compared with the pre-war 2021, exports decreased by 32.5%. In January, Ukraine exported 116.9 thousand tons of pig iron to the USA,…
Ukrzaliznytsia must sell scrap metal via the Prozorro.Sales system, according to a corresponding decision taken by the Cabinet of Ministers of Ukraine. At the same time, the document provides for an exception for the company, saying that its management can decide on the use of its asset. Earlier, Ukrzaliznytsia asked the government to allow it…
In January-June, Interpipe received a net profit of $122.43 million, up from $19.53 million last year. Sales revenue grew by 12.3%, to $518.38 million. Operational profit amounted to $178.29 million, up by 167.8%. Pipe manufacture in Q2 remained unchanged compared with Q1 at 105 thousand tons, while railroad products output grew by 35%, to 27…
The State Property Fund has fired the first deputy chairman of the United Mining and Chemical Company Yaroslava Maksimenko, having appointed Yegor Perelygin instead. He has been heading the company from August 2021 till April 2022. In March, he returned to the company as a board member. In addition to Perelygin, the board was joined…
Pecherskiy Court of Kyiv has arrested Victor Lotous, Poltava Mining and Processing Works board chairman, with an alternative of a bail of UAH 999.991 million. PGOK belongs to Konstantin Zhevago. A claim has also been sent to extract Zhevago from France. According to investigation, the enterprise was selling crushed stone made of ferruginous quartzites waste.…
Russian occupiers have hit Avdiivka Coke and Chemical Works with aviation bombs. According to Musa Magomedov, ex-director of the plant and a people’s deputy, the bombs hit scrubbers of the recovery shop, which caught fire. Magomedov warned that Russians would lie again saying that they hit ammunition, which the plant never had on its territory.…
Sukha Balka has commissioned a new block at the Yuvileyna mine. The volume of the block is 73 thousand tons. The new block is situated at the depth of 1420 meters in unstable rock. This required special anchoring. Operation of the mine was resumed in April, when the lack of experienced personnel was overcome. (Ukrainian…