According to US Geological Survey (USGS), China, Russia (310 tons) and Australia (290 tons) are the top gold producers in 2024, with China leading at 380 tons. Other major producers include Canada (200 tons), the U.S. (160 tons) and Kazakhstan, Mexico and Ghana (130 tons each), as well as Uzbekistan, which has increased output to…
Development of Bozuchuk site at Solton-Sary gold deposit in Naryn region will begin in 2025, the Minister of Natural Resources, Ecology and Technical Supervision of Kyrgyzstan Meder Mashiev has announced at a briefing. According to him, Chinese Zhong Ji Mining Company has completed construction of a plant at the field. “This is a subsidiary of…
In February, Ukraine produced 572 thousand tons of steel, up by 7.5% YoY, but down by 6.4% MoM. Ukraine occupied the 21st place among 69 global steel producers, according to Worldsteel. In January-February, Ukraine increased steel production by 9.9% YoY, to 1.183 million tons. (Ukrainian metal)
In 2024, the private JSC Dniprospetsstal Electrometallurgical Works (Zapoirzhzhia) receved a net loss and plans to liquidate operations. At the remote shareholders meeting, scheduled for April 29, it will be proposed not to pay dividends. Losses must be covered with profits from previous years. Moreover, the company can be liquidated. The statutory capital of DSS…
In January-February, Georgia’s trade with Turkiye, its main trading partner, amounted to $384.3 million, including $337.92 million of imports and $46.38 million of exports, down by 17.2% and by 27.1% YoY respectively. In particular, Georgia imported 11.617 thousand tons of steel pipes, up by 18.6%. In monetary terms exports increased by 10.4%, $9.45 million. (Ukrainian…
In the first two months of 2025, Uzbekistan exported $1.73 billion worth of gold, according to data from the National Statistics Committee. Compared to the same period last year, gold exports increased by 31.3%. The share of gold in Uzbekistan’s total exports also grew, reaching 37.3%, compared to 36.3% in the previous year. (UzDaily)
The new electricity tariffs in Tajikistan are set to be imposed on April 1. Electricity costs for the Tajik Metallurgical Plant will rise by 33%, from 10.64 dirams ($0.001) to 14.19 dirams ($0.013) per kWh during the summer period (May to September), and from 60.65 dirams ($0,056) to 80.90 dirams ($0.074) per kWh during the…
Companies operating in Armenia will receive preferential conditions for producing metal items from local raw materials, including molds and semi-finished products. According to a decision adopted at a government session, enterprises engaged in such production will be eligible for a 10% subsidy on industrial loans. In recent years, the country’s metallurgical sector has developed based…
