President Ilham Aliyev amended the order dated February 22, 2021, approving the composition of the Supervisory Board of AzerGold CJSC. The head of state signed the new order. According to the order, Vugar Majidli, Head of the Economic Sector Financing Department of the Ministry of Finance, who is a member of the Board, has been…
Kazakhstan’s probable uranium reserves exceed 2 million tons, Energy Vice Minister Yerlan Akbarov has revealed at a plenary session of the Kazakh Senate. He announced Kazakhstan’s prospective uranium reserves surpassed more than 2 million tons. There are nine uranium provinces in Kazakhstan, including the Shu-Sarysu and Syrdarya basins, which are mainly represented by hydrogenic deposits.…
Interpipe, a global manufacturer of steel pipes and railway products based in Ukraine, has comprehensive experience producing pipes for construction projects in Europe, particularly bridges. The geography of the cases is quite wide: from railway bridge in Slovakia to suspension bridge over Gulf of Izmit in Türkiye. This year the company project portfolio has been…
The Russian attack on the peaceful town of Ternivka, Dnipropetrovsk region, has claimed lives of two DTEK miners – Vitaliy Korotich and Valeriy Kalinevich. “On the night of December 3, the Russians attacked the miners town of Ternivka with UAVs. Vitaliy and Valeriy were helping remove the debris and were killed by another UAV,” DTEK…
The Cabinet of Ministers of Kyrgyzstan has adopted a resolution imposing a six-month ban on coal exports. The corresponding resolution was signed by Adylbek Kasymaliev. According to the document, a temporary ban has been imposed on the export of solid fuels (classified under codes 2701 and 2702 of the EAEU Commodity Nomenclature for Foreign Economic…
The Canadian company Eldorado Gold has agreed to the sale of the Romanian gold mining project Certej, in Hunedoara County, for a total amount of up to $30 million. The new owner of the license, subject to an extension request not settled yet, is Toronto Stock Exchange-listed Varvara Development Group (formerly O Rei Resources Corp),…
In November, Zaporizhstal produced 309.1 thousand tons of pig iron, 273.2 thousand tons of steel and 251.3 thousand tons of rolled metal. In January-November, the company produced 3254.2 thousand tons of pig iron, 2933.8 thousand tons of steel and 2543.1 thousand tons of rolled metal. Last year, Zaporizhstal produced 3.1 million tons of pig iron,…
Bahodir Abdullaev, General Director of JSC “Uzmetkombinat”, held a meeting with a delegation from Raiffeisen Bank (Austria), led by Michael Horak, Head of Corporate Clients in the Metallurgy and Mining-Metallurgy Sectors. During the meeting, Raiffeisen Bank representatives presented the bank’s operations, its approach to international financial markets, and its experience in servicing corporate clients. They…