Kumtor’s net profit has amounted to $2 billion over the past three years, President of Kyrgyzstan Sadyr Japarov has announced at the 4th People’s Kurultai. According to him, significant profits began to flow after Kumtor was transferred to state ownership. In 2025 alone, the company’s net profit amounted to $678 million. The head of state…
In January-November, Ukraine imported 642.8 thousand tons of coke and semi-coke, up by 3.2% YoY. According to the State Customs Service, in November coke imports amounted to 85.35 thousand tons, up by 28.8% MoM and 2-fold YoY. This was the highest result since January. Poland accounted for most supplies – 602.01 thousand tons. Indonesia supplied…
Due to massive Russian attack of Ukrainian energy infrastructure facilities on December 23, PJSC Zaporizhstal suffered a complete power outage, which led to an emergency shutdown of production. In extremely difficult conditions, the company’s team promptly switched to alternative power sources and further safely shut down production processes in accordance with the anti-crisis regulations. Thanks…
In January-October, the value of metallurgical production in Uzbekistan amounted to 184.4 trillion sums, according to data from the National Statistics Committee. Compared with the same period of 2024, the indicator increased by 1.9%, reflecting moderate growth in the sector amid sustained demand from industry and infrastructure projects. Navoi region remains the key center of…
Located in Ukraine, ArcelorMittal Kryvyi Rih plant is bearing the heavy burden of wartime along with the brave country fighting for its existence. “However, today we are forced to talk about another front – the economic one, where the situation is becoming critical,” says Mauro Longobardo, CEO of ArcelorMittal Kryvyi Rih. “Since July, ArcelorMittal Kryvyi…
In January-November, Ukraine imported $48.59 million worth of zinc and zinc products, down by 11.3% YoY. In November, imports amounted to $3.07 million. Zinc exports over the 11 months totaled $1.166 million ($22 thousand in November) as opposed to $463 thousand last year. (Ukrainian Metal)
Bahrom Islomov, Minister of Mining Industry and Geology of the Republic of Uzbekistan, held a meeting with Dr. Klaus Mangold, head of Mangold Consulting. During the discussion, the parties reviewed the ongoing reforms in Uzbekistan’s mining and geological sectors, as well as prospects for the further development of the industry. Special attention was given to…
In December, Jastrzebska Spolka Weglowa (JSW), the largest producer of coking coal in the European Union, completed one of the most important investments in the history of the Pniowek mine. The project to deepen shaft III from 856 to 1,053 meters and commission the new 1,000 horizon was completed, which was a key step in…