The coal pit Karazhyra has suspended exports to Ukraine. “This year, because of the Russian invasion, we don’t supply. While previously, we used to export 200 to 600 thousand tons there,” the company deputy CEO Aset Sydykov said. Karazhyra’s coal was mostly used to replace coal previously supplied to Ukrainian market from Donetsk and Lugansk…
On November 27, the management of the Kazakhmys Group of Companies decided to suspend all mining works following an accident at the Chzhaisan mine, when 2 miners perished. Checks will be carried out at mines headed by chief engineers. Additional payment will be made to the miners who will stay idle during checks. (Ukrainian metal)
During a recent meeting, the increasing cases of illegal mining of gold and precious metals by residents in several regions of Uzbekistan were highlighted. The numbers reveal a concerning trend, with 34 administrative cases in 2020, 463 in 2021 and nearly 1,500 in 2022. In 2021, 2022 and the first ten months of 2023, approximately…
Following the administrative revision of antidumping measures on the import of twisted wire from Ukraine, the U. S. Department of Trade canceled the duty. The decision was taken on November 16. The duty was set at 19.3% in 2021. (Ukrainian metal)
The European Bank for Reconstruction and Development has provided a loan of $150 million to ArcelorMittal Kriviy Rih to replenish the working capital of the company. The loan was approved on November 15, and the funds are being provided. The loan will also support the development and realization of the new special program of professional…
Uzbekistan sold gold worth $6.87 billion in the first 10 months of this year, making up 33.6% of total exports. Gold exports increased 2.3-fold YoY. In 2022, gold sales stood at $4.1 billion, $4.1 billion in 2021, $5.8 billion in 2020 and $4.9 billion in 2019. (Uzreport/Ukrainian metal)
In September, Ukraine exported 1.1 million tons of iron ore raw materials to the European Union, down by 9.3% MoM. In monetary terms exports decreased by 13.4%, to EUR 125.2 million. Compared with September 2022, exports grew 2.4-fold and revenue by 88.8%. In January-September, EU imported 10.38 million tons of iron ore from Ukraine, down…
In 2022, Dneprovsky Iron and Steel Works decreased net profit by 99.76% YoY, to 4.225 million UAH. Uncovered losses as of the end of last year amounted to 454.601 million UAH. At the annual shareholders meeting on December 22, the company intends to decide on spending the profit to cover losses of previous years. Moreover,…