The Zangezur Copper-Molybdenum Combine (ZCMC), where some employees have gone on strike, has published salary figures for its workforce. According to the company’s statement, in September 2024, ZCMC initiated a salary review process aimed at introducing institutional wage principles, eliminating social inequalities and ensuring a transparent pay system based on industry standards and objective criteria.…
The Board of Directors of Kumtor Gold Company CJSC held a meeting at Kumtor mine, the press service of the enterprise reported. During the meeting, the company’s performance in 2024 was summed up, and plans and objectives for the current and subsequent years were discussed. As part of the event, reports were presented by the…
The Ukrainian Association of Secondary Metals forecasts that this year procurement of ferrous scrap will amount to 1.45-1.65 million tons, down by 5-17% YoY. Last year, Ukraine procured 1.75 million tons of scrap, up by 37%. “We expect the problems we experienced last year to aggravate this year,” the association chairman Vladimir Bublei has said.…
A meeting was held at the state enterprise Navoiuran with a delegation from the Japanese corporation Itochu Corporation, led by Daisuke Inoue, Executive Director and Chief Operating Officer of the Metals and Mineral Resources Department. The Japanese delegation was welcomed by the leadership of the enterprise, headed by Jamal Faizullaev, General Director of the State…
Armenia’s state budget has, for the first time, received a 33-billion dram dividend from the Zangezur Copper-Molybdenum Combine (ZCMC), Prime Minister Nikol Pashinyan has announced during a press conference. He noted that since 2021, the Armenian government – meaning the people – had been a shareholder in ZCMC, with its stake valued at several tens…
Kazakhmys Progress LLC in Balkhash has produced grade ST-1 technical selenium. The first industrial batch was made using the unique method of vacuum distillation. The new technique increased added value of selenium from 30% to 97% of the global market price. The first batch comprised 100 tons. Selenium contents were 99.5%. (Ukrainian metal)
Centravis is negotiating with the Ministry of Economy the launch of an anti-dumping investigation of the import of stainless steel pipes from China. “We are working with the ministry to protect Ukrainian manufacturers via antidumping tariffs,” the company CEO Yuri Atanasov said. At present the company is gathering information for analysis. (Ukrainian metal)
The President of Ukraine Wolodymyr Zelenskyi has signed the bill “On some amendments to laws of Ukraine on restoration of solvency of certain state enterprises in critical condition in the sphere of energy”. The corresponding bill No. 12220 was returned to the Parliament with the president’s signature on January 29. The Verkhovna Rada adopted the…