Net profit of Kumtor Gold Company CJSC last year amounted to $302.4 million with the plan of $194 million. Revenue of Kumtor Gold Company from production activities in 2023 amounted to $849 million with the plan of $734.2 million. Last year the company sold a total of 13,577 kilograms of gold. At least 17,241,071 billion…
In 2023, the European Union decreased iron ore imports from third countries by 11% YoY, to 72.75 million tons. Imports have been decreasing for the second year in a row. Thus, in 2022, imports amounted to 81.72 million tons, down by 12.7%, while in 2021 – 93.58 million tons, up by 20.2%. Ukraine was the…
The State Property Fund has received shares of Zaporozhye Aluminum Works, previously belonging to the Russian oligarch Oleg Deripaska. “The Supreme Anticorruption Court transferred us 29.54% of the enterprise,” the fund head Vitaliy Koval has said. Previously the fund held 68% of the company. Thus, now the volume has reached 97.5%. (Ukrainian metal)
On the night of February 24, the second anniversary of the Russian large-scale invasion, Ukraine applied special sanctions on the largest Russian metal plant – NLMK. NLMK produces around 18% of all steel in Russia and is the key asset in the NLMK Group of one of the wealthiest people in Russia – Vladimir Lisin.…
The state-owned Oschadbank has put up for sale rights to demand monetary compensation from Motronivskiy Mining and Processing Works LLC, a part of Group DF. The auction will be held on March 13 in the OpenMarket system. The starting price is 612.6 million UAH (without VAT). The works is being constructed. At the first stage,…
In January, global pig iron output amounted to 112.33 million tons, up by 0.14% YoY. Ukraine produced 0.56 million tons, up by 44.49%, thus retaining the 16th place among 40 countries. China was the leader with 67.29 million tons produced, down by 3.07%. The share of China in global pig iron output was 59.9%. (Ukrainian…
In January, global steel output amounted to 148.11 million tons, down by 1.6% YoY. Ukraine produced 0.54 million tons, up by 91.62%, thus retaining the 23rd place among 71 countries. China was the leader with 77.24 million tons produced, down by 6.93%. The share of China in global steel output was 52.2%. (Ukrainian metal)
ArcelorMittal has commissioned a line to produce heat-strengthened rails with the length of 120 meters at the Dabrowa Gornica plant. The new products comply with the European and American standards. ArcelorMittal has been mulling the construction of such a line in Poland since 2012. Officially it started in 2018. In 2022, the company signed a…