Kumtor Gold Company CJSC will pay Kyrgyzaltyn OJSC $151.3 million in dividends, up by $11.3 million YoY. After Kumtor pays dividends to the state for last year, Kyrgyzstan’s total income from the gold mining company’s shares for 2022 and 2023 will be $291.3 million. This exceeds the amount of dividends received by the country from…
The Commission of the State Council on Energy warns of a heavy crisis in the coal industry of Russia. This year, it could sustain losses of up to 450 billion rubles, which would exceed its income for the previous two years. The crisis is due to the drop in coal prices, increase in logistics costs…
Uzbekistan plans to stop regulating the prices of coal. This decision is outlined in a government resolution of Uzbekistan. The country intends to abandon state control over coal prices, a change that is linked to a recent resolution by the Cabinet of Ministers regarding increases in electricity and gas tariffs. At present, coal is categorized…
In 2023, Ferrexpo received a loss of $85 million, as opposed to a profit of $220 million in 2022. Revenue decreased by 47.8%, to $652 million. EBITDA dropped 5.9-fold, to $130 million, and capital investments – by 31%, to $101 million. Pellets manufacture fell by 36.5%, to $3.8 million. (Ukrainian metal)