QazSpecSteel plans to invest $587 million in the construction of a plant to produce steel billets with a capacity of 800 thousand tons in Aktobe. Last week, the regional authorities signed a memorandum of understanding with the company. The timeframe of the construction has not been revealed. When the design capacity is reached, the plant…
Shareholders of the Yuzhniy Mining and Processing Works intend to keep the net profit of 29.8 billion UAH received in 2021 undistributed. The issue will be discussed at the extraordinary shareholders meeting scheduled for November 25. He shareholders will also elect new members of the revision committee and the chairman. (Ukrainian metal)
Metinvest is implementing measures to decrease water and electricity consumption at its enterprises. Thus, Metinvest Pokrovskugol transport department has launched an efficient water usage by using it twice. This not only saves resources, but also provides the uninterrupted operation of car wash during war. Every morning all the transport means are washed. On average 100…
Metinvest under its “Steel Front” initiative has provide the Defence Intelligence Service with 110 thermal imager sights valued at around 11 million UAH. Such devices are used in the enemy rear in special operations, as well as when patrolling on own territory. “We have been waiting long for this batch of sights, since there are…
In January-September, Ukraine decreased coal import 3.2-fold YoY, to 4.5 million tons. According to the State Customs Service, in monetary terms imports dropped by 27.1%, to $1.1 billion. Russia supplied $430.16 million worth of coal (pre-war deliveries, the share was 39.02%), USA – $309.18 million (28.04%), Australia – $127.43 million (11.56%) and other countries –…
At a meeting in Zhetysu region the Head of State said that Kazakhstan had large lithium reserves by various estimates ranging from 50 to 100,000 tons. The country’s geological service should speed up its activities in this direction, as development and exploration require large investments. The region has good industrial growth dynamics. Since the start…
As a result of January-September, Zangezur Copper-Molybdenum Works was the largest taxpayer in Armenia. In 9 months, the company transferred 129.2 billion drams ($318.4 million) to the state budget, up 3-fold YoY. Of these customs duties accounted for 1.4 billion drams, direct taxes – 39.2 billion drams, VAT – 2.4 billion drams and other taxes…
In January-August, Nikopol Ferroalloy Plant decreased output by 23.4% YoY, to 342.87 thousand tons. Silicomanganese manufacture dropped by 18.2%, to 337.26 thousand tons, ferromanganese and other ferroalloys – by 84.3%, to 5.61 thousand tons, including 4.87 thousand tons of ferromanganese. In August, NZF produced 35.2 thousand tons of ferroalloys. (Ukrainian metal)