On October 10, the Minister of Economy Gevorg Papoyan visited the Amulsar mining site to assess the ongoing project by Lydian Armenia, one of the country’s largest investment initiatives. He was joined by Vayots Dzor Governor Vahagn Arsenyan, Deputy Minister Edgar Zakaryan, and government representative Gnel Sanosyan, a board member of Lydian Armenia. Accompanied by…
British gold mining company Anglo Asian Mining (AAM) forecasts gold production in Azerbaijan in 2025 to be between 25,000 and 28,000 ounces. According to AAM, actual gold production in 2024 was 15,073 ounces. Therefore, this figure could increase 1.7 to 1.9-fold in 2025. The company’s copper production in Azerbaijan this year is projected to be…
Uzbekistan plans to introduce an export duty on copper wire to encourage the production of higher value-added products. Davron Vakhabov, Chairman of the Chamber of Commerce and Industry, said that the country processed up to 200,000 tons of copper raw materials annually. The state currently provides domestic producers with a 4% discount on the market…
Russia has again attacked a DTEK factory in Donetsk region, which processes coal for thermal power plants. According to the company press service, during the attack all the employees were in a shelter. “This is the third large-scale attack on the factory over the month and a half. The machinery can no longer be operated.…
Uzmetkombinat JSC has signed a EUR 132.5-million seven-year loan agreement in London to complete the construction of its Casting and Rolling Complex – the first hot-rolled coil production facility in Uzbekistan. The financing was arranged by Standard Chartered Bank (United Kingdom) and KfW IPEX-Bank GmbH (Germany), with insurance coverage provided by the Islamic Corporation for…
In January-September, Ukraine increased scrap exports by 54.1% YoY, to 311.84 thousand tons. According to the State Customs Service, in September exports dropped to 28.785 thousand tons from 34.713 thousand tons in August. In monetary terms exports grew by 44.6%, to $93.571 million. The main customer was Poland (81.95% in monetary terms), followed by Greece…
Members of the Board of Directors and Management Board of Kumtor Gold Company CJSC, as well as the management of Kumtor Operating Company inspected the progress of work under Togolok and Dzhangart projects. According to the company, management inspected the construction of a transfer point in the village of Ak-Shyirak, the condition of roads leading…
The team of the Almalyk Mining and Metallurgical Plant successfully completed the first nine months of this year, meeting and exceeding all production forecasts. Specifically, over 35 trillion sums worth of commercial output were produced during the reporting period, representing 119.9% of the forecast. Consumer goods output reached 6,685,568,000 sums, exceeding the forecast by 118%.…