A new gold bar production plant will be opened in Kara-Balta city in August, Deputy Chairman of the Board of Kyrgyzaltyn OJSC Narynbek Satybaldiev has announced at a press conference. The launch of the plant will be part of the events timed to the 100th anniversary of the formation of the Kara-Kyrgyz Autonomous Region and…
Motronovskiy Mining and Processing Works, a part of Group DF, has sold its rights to use the Malyshevskoye zirconium-rutile-ilmenite sands deposit in Dniepropetrovsk region. The license dated December 31, 2004 had to be cancelled by the decision of the Council of the National Security and Defence under a case against Dmitry Firtash, but a court…
Kazgeologia and Cove Capital have created a joint venture to prospect for rare-earth metals and elements in Kazakhstan. The Kazakh company will own 25% in the venture and Cove Kaz Capital Group – 75%. The latter is a part of the international investment group Cove Capital that has been investing in mining projects since 2015.…
In honour of Ukraine’s Metallurgical and Mining Industry Workers’ Day, Zaporizhstal metallurgists received honorary awards and prizes. Due to the challenging security situation in the region, the awards were given out at workplaces without any formal ceremonies. Yuriy Ryzhenkov, CEO of Metinvest Group, personally awarded the company’s highest honour, the Gold Star of Metinvest, to…
In 2023, Dniprovsky Iron and Steel Works received a net profit of 504.591 million UAH, up from 4.225 million UAH a year earlier. According to the agenda of the extraordinary meeting of shareholders scheduled for August 29 to be held remotely, 454.601 million UAH of the 2023 profit is suggested to be spent to cover…
The Russian government has removed the iron and steel semi-finished products, manufactured in the Donetsk and Luhansk People’s Republics, terrorist organizations created and supported by Russia, from the export rate duties until the end of the year. In particular, the temporarily occupied territories can export 900 thousand tons of semi-finished steel products made of iron…
In January-June, Centravis produced 6.88 thousand tons of seamless stainless pipes, up by 9% YoY. According to the manufacturing director Andriy Krasyuk, this means that the company has adapted to the challenges of the wartime. “In the first half of the year, our team was able to carry out a number of interesting projects, among…
In 2023, the main mining and processing enterprises of Ukraine received 317.53 billion UAH of income, up by 23% YoY. Zaporizhstal leads the ranking with 56.4 billion UAH, up by 20%. Despite this, for the second year in a row the company has been demonstrating losses of 4 billion UAH. Kametstal is second with 43.07…