In January, Azerbaijan exported $33 million worth of gold. This was stated in the February edition of the “Export Review” published by the Center for Analysis and Communication of Economic Reforms. This represents a 56.4% increase compared to the same period last year. (Report)
The Ministry of Energy of Ukraine initiates the transfer to the State Property Fund of state-owned mines of state enterprises “Lvivvugilya”, “Volynvugilya” and “Dobropillyavugilya-vydobutok”. The purpose of this decision is to find responsible investors for the enterprises who will carry out their technical re-equipment, modernize coal mining, which will be able to ensure a decent…
China Nonferrous Metal Mining plans to complete and commission a copper cathode plant in Abay region until 2028. The regional akimat (regional state administration) has not announced a more precise timeframe. The project cost is 778.6 billion tenge (over $1.56 billion). The plant is expected to produce up to 300,000 tons of product per year.…
In February, Zaporizhstal produced 253.0 thousand tons of pig iron, 225.6 thousand tons of steel and 189.8 thousand tons of rolled steel. From January to February, 502.9 thousand tons of pig iron, 460.0 thousand tons of steel and 406.0 thousand tons of rolled steel were produced. (Zaporizhstal)
On February 23, Uzmetkombinat JSC held an extraordinary general meeting of shareholders, during which seven key issues were considered, including amendments to the terms of a previously approved major transaction, company reorganization, and a reduction of the charter capital. The reorganization involves separating industry-specific economic units based on the territorial branches of Ikkilamchikorametallar, with the…
President of Kyrgyzstan Sadyr Japarov, during a republican meeting at Yntymak Ordo, summing up the work results over the past five years, touched on Kumtor issue. He noted that the project was a particularly complex issue for the entire country and for him personally. “For many years, controversy, accusations, slander, and various political games have…
On February 24, the Poltava Regional Commercial Court opened bankruptcy proceedings against Poltava Mining and Processing Plant. This was announced in a statement by its parent company, Ferrexpo, on the London Stock Exchange. The bankruptcy was initiated by Maxi Capital Group, which won a 4.7-billion UAH judgment against Poltava Mining and Processing Plant in January…
Specialists of the metallurgical equipment repair shop of the Kametstal metallurgical plant have developed a technology for overhauling hopper wagons, which is a quarter more profitable than external contracts. The plant’s specialists are mastering new repair technologies that allow them to reduce equipment repair costs. Last year, this strategy brought significant results to Kametstal: employees…