In 2023, Poltava Mining and Processing Works received a net loss of 5.444 billion UAH, down from 9.134 billion UAH in 2022. Pre-tax loss amounted to 5.254 billion UAH (7.825 billion UAH in 2022). Net income decreased by 33.1%, to 15.065 billion UAH. Undistributed profit as of the end of 2023 totaled 20.717 billion UAH.…
The total income from the sale of gold in 2022-2023 at Kumtor amounted to $1,835 billion, President of Kumtor Gold Company Almazbek Baryktabasov announced at the International Forum MINEX Central Asia 2024. He spoke at the plenary session “Unlocking Mineral Resources Potential — Leading Role of Mining Industry Leaders and International Investors”. The head of…
In January-May, trade turnover between Georgia and Turkiye, its main partner, amounted to $1.25 billion, including $1.09 billion worth of imports, up by 17.5% YoY, and $176.27 million of exports, up by 7.8%. According to the National Statistics Bureau of Georgia, imports of steel pipes from Turkiye reached 26.642 thousand tons, up by 86%. The…
Kazakhmys Corporation chairman Nurakhmet Nuriyev presented a new factory in Zhambkl region to the head of state. The enterprise is situated in the Shatyrkul-Zhaisanskiy cluster. The official launch of the factory is scheduled for August and the design capacity will be reached in October. The factory will employ 340 people, mostly locals. (Ukrainian metal)