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,…
The shareholders of Stalkanat have decided to spend 60.51 million UAH from the undistributed profit for 2022 to pay dividends. The decision was taken at the extraordinary meeting on November 14. The dividends will be paid from December 5 till May 14, 2024. Last year, Stalkanat received net income of 3.23 billion UAH and net…
In 2022, Sukha Balka received 487.88 million UAH of net profit, down 2.7-fold YoY. At the remote shareholders meeting scheduled for December 22 the enterprise intends to spend the last year profit to finance working capital. The shareholders will also decide on the dissolution of the revision committee as a management body, make changes to…