Gold will not be mined at Shambesai, President of Kyrgyzstan Sadyr Japarov has said. The president was in Kadamdzhai district of Batken region. There he met with local residents on the issue of development of Shambesai gold field. Sadyr Japarov said that an end had been put to this issue. “Now let’s forget about this…
In 2023, Poltava Mining and Processing Works received a net loss of 5.444 billion UAH, down from 9.134 billion UAH in 2022. Pre-tax loss amounted to 5.254 billion UAH (7.825 billion UAH in 2022). Net income decreased by 33.1%, to 15.065 billion UAH. Undistributed profit as of the end of 2023 totaled 20.717 billion UAH.…
The total income from the sale of gold in 2022-2023 at Kumtor amounted to $1,835 billion, President of Kumtor Gold Company Almazbek Baryktabasov announced at the International Forum MINEX Central Asia 2024. He spoke at the plenary session “Unlocking Mineral Resources Potential — Leading Role of Mining Industry Leaders and International Investors”. The head of…
In January-May, trade turnover between Georgia and Turkiye, its main partner, amounted to $1.25 billion, including $1.09 billion worth of imports, up by 17.5% YoY, and $176.27 million of exports, up by 7.8%. According to the National Statistics Bureau of Georgia, imports of steel pipes from Turkiye reached 26.642 thousand tons, up by 86%. The…
Kazakhmys Corporation chairman Nurakhmet Nuriyev presented a new factory in Zhambkl region to the head of state. The enterprise is situated in the Shatyrkul-Zhaisanskiy cluster. The official launch of the factory is scheduled for August and the design capacity will be reached in October. The factory will employ 340 people, mostly locals. (Ukrainian metal)
Zaporozhye Ferro Alloys Plant resumed operation on May 1. The company has been idle since March 2023 due to high electricity prices and low ferroalloy prices on global markets. According to the company chairman Pavlo Kravchenko, at present electricity is still very expensive. “We have launched two furnaces, 7% of our capacities,” he said. The…
According to operational data, Kyrgyzstan in January-April exported 3,121.7 kilograms of gold for a total value of almost $212.2 million, according to the National Statistical Committee. Over the same period last year the country exported 1,411.2 kg of gold. Buying countries for the reporting period in 2024 were: – Hong Kong (special administrative region of…
Four Ukrainian UAVs have attacked the Novolipetsk Iron and Steel Works in Lipetsk region, Russia. According to the owners, the plant, that they claim makes only civil products, continues operating in normal mode. That was the fourth UAV attack on NLMK this year. In social networks locals reported several blasts, air defence operation and smoke…