Uzbekistan plans to stop regulating the prices of coal. This decision is outlined in a government resolution of Uzbekistan. The country intends to abandon state control over coal prices, a change that is linked to a recent resolution by the Cabinet of Ministers regarding increases in electricity and gas tariffs. At present, coal is categorized…
In 2023, Ferrexpo received a loss of $85 million, as opposed to a profit of $220 million in 2022. Revenue decreased by 47.8%, to $652 million. EBITDA dropped 5.9-fold, to $130 million, and capital investments – by 31%, to $101 million. Pellets manufacture fell by 36.5%, to $3.8 million. (Ukrainian metal)
Dniprovskiy Iron and Steel Works has produced a mine skip with larger volume and higher lifting capacity. This is the first such skip produced at the company. The work was carried out under the vertical integration with the Sukha Balka mine. The volume of the skip is 25 cubic meters and lifting capacity is 53…
Kyrgyzaltyn’s income amounted to 14.8 billion soms in 2023 and net profit – 12.65 billion. The results of work last year were published on the website of the open joint-stock company. The net profit figures were the highest in the entire history of the JSC. Kyrgyzaltyn JSC managed to bring three out of four branches…
Low-grade ore will be mined at Kumtor for about two years, so the base scenario for Kyrgyzstan’s economic growth of 6.2% has been chosen, rather than the most optimistic forecast of 8.4%, the Minister of Economy and Commerce of Kyrgyzstan Daniyar Amangeldiev has said. According to him, the ministry has prepared several scenarios for economic…
In February, USA imported 75.315 thousand tons of steel billets, down by 5.5% MoM, but up by 7.3% YoY. In monetary terms imports totaled $69.2 million as opposed to $70.4 million in January and $67.1 million in February 2023. Ukraine exported 13.751 thousand tons of billets to the USA, occupying the second place among suppliers.…
The Minustry of Defence is stockpiling scrap at four sites for its further sale. Until the end of the year, the ministry could amass 200 thousand tons of scrap, deputy defence minister Yuri Jigir has said. “We have more than 15 thousand tons of ferrous scrap. Of them, 541 tons contain precious metals. Because of…
In February-March, Ukraine suspended manganese ore exports, which resumed in January after a 2-year delay. According to the State Customs Service, in January Ukraine exported 44.903 thousand tons of ore valued at $6.563 million to the USA. In January and March, Ukraine didn’t import manganese ore, while in February imports amounted to 21 tons valued…