Kumtor Gold Company in Kyrgyzstan produced 15.567 tons of gold in 2023. According to the company, it sold 15.577 tons of gold last year. Kumtor Gold Company’s revenue from production activities in 2023 amounted to $849 million, surpassing the planned revenue of $734.2 million. The net profit reached $302.4 million, exceeding the planned $194 million.…
Following the drop in prices on global markets, Ukraine should also expect the decrease in ferrous scrap prices within weeks, economist Oleksiy Kusch has said. “Global prices for scrap have been falling since late January, by $3-5 per ton every 4 days. Thus, while on February 1 the price was $422 per ton, now it…
This year, Ukraine intends to resume the big privatization. The United Mining and Chemical Company will be among the assets to be auctioned. “We call on investors, in particular, Western partners to have a look at our lots. The interest is expected to be very high,” the Prime Minister of Ukraine Denys Shmyhal has said.…
Kyrgyzstan exported 1.066 million tons of black coal to Uzbekistan in 2023, up by 96% YoY. According to the State Statistical Committee of Kyrgyzstan, the value of exports amounted to $38.009 million, up 2.2-fold. Last year, Uzbekistan emerged as the primary buyer of Kyrgyz black coal. Romania purchased 78,965 tons and the Netherlands bought 37,268…
In January-February, Zaporizhstal increased rolled metal output 2-fold YoY, to 395.3 thousand tons. Steel manufacture grew 2.25-fold, to 471.1 thousand tons, and pig iron – by 75.7%, to 512.3 thousand tons. In February, Zaporizhstal produced 248.8 thousand tons of pig iron, 235.4 thousand tons of steel and 198.5 thousand tons of rolled metal. (Ukrainian metal)
The Russian invaders have started disassembling and taking out equipment from mines on the territory of the temporarily occupied Lugansk region. In particular, the disassembly began at two coalmining enterprises of Dovzhansk – the Krasniy Partizan and Dovzhanska Kapitalna. “Everything that they can cut down by the order of the new investors is taken to…
The Oboz publication has prepared a rating of companies that have undertaken social obligations. Metinvest is also listed. Since the start of the Russian large-scale invasion, 9 thousand Metinvest employees have been mobilized to the army. 400 have already returned to work. The group has created an inclusive eco-system to integrate veterans in full-fledged life…
The Polish-Ukrainian agreement provides for 6 trains with steel and ore passing the Medyka point per day. At the same time, only 3-4 trains are allowed, as the Polish border and railroad administration favors other transports. “That is why we are forced to wait at the border, which increases our expenses. We have to pay…