The Committee on Fuel and Energy Complex, Subsoil Use and Industrial Policy of the Parliament of Kyrgyzstan in the second and third readings adopted a bill on lifting the ban on uranium and thorium mining in the republic. The document was approved by four members – Azizbek Tursunbaev, Marat Murataliev, Alisher Kozuev and Zamirbek Mamasadykov.…
The Ukrainian pipe industry is categorically against making enterprises import 80% of their electricity consumption. The Ukrtruboprom CEO Georgiy Polskiy says the electricity import capacities in Ukraine are limited – they total just 1.7 GW, while only the mining and metal complex needs more. Thus, according to him, electricity imports will not cover the needs…
Almalyk Mining and Processing Works is efficiently implementing a localization program. In January-May, 251 projects made products worth 704.9 billion soums, up by 3.5% from the target. Compared with last year, output grew 4-fold, and import-replacement efficiency reached $56.1 million. New projects yielded localized products valued at 570.5 billion soums. In particular, central repair and…
In May, Ukraine increased rolled metal manufacture by 1.8% MoM, to 594.9 thousand tons. Steel output grew by 3.2%, to 737.6 thousand tons, and pig iron – by 9.4%, to 653.1 thousand tons. Compared with May 2023, rolled metal manufacture grew by 26.5%, steel by 26.5% and pig iron by 8.2%. In January-May, Ukraine produced…
In 2023, Ukraine increased apparent steel consumption by 55% YoY, to 3.4 million tons. According to Worldsteel, there were no Ukrainian companies among the top 50 in 2022-2023, although Metinvest was on the list in 2014-2021. Last year, Ukraine produced 6.2 million tons of steel and occupied the 24th place among global steel producers (in…
TALCO Gold, the daughter company of the aluminum giant, increased its income almost 2.7-fold. Gold manufacture increased. According to the legislation, the volume of the output is kept secret. In January-April, TALCO Gold sold 298.7 million somoni (around $27.3 million) worth of gold and antimony, up by 188.8 million somoni YoY, or by 272%. The…
ArcelorMittal Kryviy Rih has apparently started selling off its assets. Thus, there are talks of the company selling two of its corporate recreation centers – Volna and Mariyanovka. Moreover, until the end of the year AMKR will sell one of its profitless mine to Rudomine, that has already revived its quarry. (Ukrainian metal)
Russian occupiers intend to construct an analogue of the Mariupol Ilyich Iron and Steel Works until 2030. “We plan to build a metal plant in Mariupol – from scratch. It will produce metal and steel. This will be an analogue, so to say, of the Ilyich Iron and Steel Works. We are now signing investment…