Interpipe is upset by the decision to increase electricity transportation tariff by 29.8%, which will further increase product prime cost and decrease capacity loading. The company is one of the largest industrial consumers of electricity in Ukraine. Thus, it is quite natural that any increase in electricity tariff will increase its products’ prime cost and…
In November, Ukraine decreased steel output by 0.9% YoY and by 10.4% MoM, to 541 thousand tons. The country occupied the 24th place among 71 global steel producers, according to Worldsteel. In January-November, Ukraine produced 7.028 million tons of steel, up by 23.1% YoY. The country occupied the 20th place. (Ukrainian metal)
A strike of 200 Kazakhmys, South-Zhezkazgan mine and Zhylandy mine employees began on December 17. The demands of the strikers changed during the day. At first they wanted a 30% increase in salary, but until the end of the day –already 100%. “There will be no talks on a 100% increase in salary. First of…
Recently the Almalyk copper-processing factory has reached its target to supply copper concentrate to Almalyk Mining and Processing Works. The factory produced 113.5 thousand tons of concentrate. This operation demonstrates the team’s resolve to reach new heights next year. (Ukrainian metal)
In January-November, Ukraine increased imports of copper and copper wares by 6.1% YoY, to $127.286 million. According to the State Customs Service, exports grew by 24.5%, to $81.11 million. In November, Ukraine imported $11.033 million worth of copper and exported $8.129 million. (Ukrainian metal)
Metinvest will buyback its eurobonds with the maturity on June 17, 2025 valued at $16.27 million as a result of an action held on December 9, when the price was set in the range of 82% to 92.5% and the overall amount of buyback at EUR 70 million. Following the buyback, the volume of bonds…
Revenue from the income tax on gold mining companies amounted to more than 12.5 billion soms, the Ministry of Finance of Kyrgyzstan reported. In the first 10 months of 2024, collection of this tax reached 12,619.1 billion soms. The financiers had forecast 11,707.5 billion soms. Thus, the tax collection exceeded expectations by 911.6 million soms,…
The government of Armenia intends to place its shares of Zangezur Copper-Molybdenum Combine (21.875%) on stock exchange by holding an IPO. According to the Prime Minister Niikol Pashinyan, last week the company paid 33.249 billion drams to the state budget as dividends. This doesn’t include company taxes. In January-November, ZCMC paid 73.8 billion drams of…