According to the Statistics Agency, in Uzbekistan gold accounts for 29.5% of all export revenue. In January-October, Uzbekistan exported $6.626 billion worth of gold, down by 3.5% YoY. As a whole, during this period Uzbekistan exported goods for $22.44 billion. (Ukrainian metal)
Ukrzaliznytsia hopes to start selling scrap soon. “Everything has been approved with the Ministry of Regional Development and the Ministry of Finances. So I think that soon everything will be unfrozen,” the company chairman of the board Olexander Pertsovskiy said. The enterprise suspended cutting metal due to impossibility to sell scrap. “We have a lot…
The average monthly salary of mining industry workers in Azerbaijan reached 3,572 manats ($2,100) in the period from January through October. The data from the State Statistics Committee showed that this was 192.2 manats ($113, 5.84%) more than in the same period last year. The wages of public sector employees in this sphere have increased…
Prime Minister Olzhas Bektenov has visited metallurgical enterprise of Astana. The head of the government checked the process of fulfillment of the President’s instructions on diversification of economy and implementation of investment projects. In particular, he visited the LLP Tau-Ken Altyn gold refinery specializing in purification of gold from other metals, substances and alloys. Since…
Revenues of Kumtor, the largest gold mining enterprise of Kyrgyzstan, after its transfer under the state management amounted to $1,174 billion in net profit, the Chairman of the Board of the Association of Miners and Geologists of the Kyrgyz Republic Duishenbek Kamchybekov said. The expert recalled that the foreign company over more than 20 years…
The Asset Recovery and Management Agency (ARMA) is starting selling iron ore pellets of Russian origin. The total volume of pellets to be auctioned is 2389.55 tons. The starting price of the lot is 9.6 million UAH. The winner will also have to pay 2.4 million UAH of customs duties. The funds receives from the…
Standard and Poor’s (S&P) has assigned a BB- long-term foreign and local currency issuer credit ratings to Navoiuranium. The outlook is stable, mirroring that on the sovereign rating, since S&P does not expect to rate the company above Uzbekistan. Also, it forecasts production and margins to remain steady in the near term, as the company…
According to the State Customs Committee, in January-October Azerbaijan imported 854,051 tons of ferrous metals and relevant products worth $978.19 million, up by 16.3% and by 7.09% YoY respectively. The imports of ferrous metals and related products made up 5.88% of the nation’s total imports. Additionally, during this period, Azerbaijan exported 84,309 tons of ferrous…
