The Ukrainian industrial company Interpipe has mastered the production of tubing with Teflon (PTFE) sealing rings, which allowed it to strengthen its competitive position in the oil and gas market. This was reported by the company’s press service. Special rings were purchased in the USA and integrated into Interpipe’s production process. Thread cutting was carried…
AzerGold CJSC was established by decree of the President of the Republic of Azerbaijan, Ilham Aliyev, on February 11, 2015, marking the beginning of a new stage in the development of the country’s mining industry. This decision ensured significant progress in the exploration and study of ore deposits, as well as in the extraction, processing,…
On February 10, the Verkhovna Rada extended the bankruptcy moratorium for the Vostok Mining and Processing Plant and state-owned mines. 247 deputies voted in favor of bill No. 13219 with the corresponding amendments in the second reading and overall. Previously, the moratorium was in effect until January 1. The state-owned enterprise Vostok GOK is the…
Mineral Product International plans to build a plant to produce FeSi-75 ferrosilicon in Ekibastuz, Pavlodar region. The project cost is EUR 213 million ($253.5 million). Of this, the Development Bank of Kazakhstan has promised to provide EUR 148 million ($176.1 million). The financial institution did not disclose the terms. Chevron Direct Investment Fund plans to…
On February 5, Rustam Yusupov, Deputy Minister of the Mining Industry and Geology of the Republic of Uzbekistan, together with senior ministry officials, held a videoconference with representatives of China Coal Resource Development. During the meeting, the foreign side expressed interest in implementing joint promising projects, including the modernization of existing production capacities and the…
In 2025, Zaporizhzhia enterprises of Metinvest – Zaporizhstal, Zaporizhvognetryv, Zaporizhkoks and Metinvest Machinery (former name – Zaporizhzhia Foundry and Mechanical Plant) – transferred almost 4 billion UAH in taxes and fees to the budgets of all levels in Ukraine, 34% more than in 2024. The lion’s share of deductions is the payment of a single…
On February 4, Rustam Yusupov, Deputy Minister of Mining and Geology of Uzbekistan, together with key ministry officials, held a meeting with a delegation from Crossover Healthcare Fund. During the meeting, representatives of Crossover Healthcare Fund presented an overview of the company’s activities and ongoing projects in Uzbekistan. The discussions also covered the provision of…
The risks to the financial stability of metallurgical companies are increasing, the Center for Strategic Research noted in a review titled “How Steel Was Cooled”. Domestic demand and prices for most types of ferrous metallurgy products are falling, which is rapidly worsening the financial performance of companies, the Center for Strategic Research notes and warns:…