Uzbekistan has maintained its position as the world leader in gold sales for the third month in a row, according to the World Gold Council (WGC). In April, global central banks increased their gold reserves by 12 tons. The largest purchase was made by Poland, acquiring 12 tons and thereby increasing its annual stockpile by…
In January-May, Zaporizhstal increased rolled metal manufacture by 4.9% YoY, to 1.098 million tons. Pig iron output grew by 10.8%, to 1.43 million tons, and steel – by 3.8%, to 1.297 million tons. In May, Zaporizhstal produced 233.1 thousand tons of rolled metal (+14.2% YoY and +2.1% MoM), 294.5 thousand tons of pig iron (+22.7%…
The Velta Group of Companies with titanium ore assets in Novomirhorodka (Kirovograd region) received the third patent from USPTO for its own innovative technique Velta Ti Process. The new patent confirms the possibility of obtaining high-quality titanium dioxide, the key material to manufacture titanium powder as well as various products on the basis of titanium,…
The Antimonopoly Committee of Ukraine has fined the PJSC “Dniprovsky Iron and Steel Works”, a part of DCH Steel, for 350 thousand UAH for non-provision of information. The decision was taken on May 29. The company failed to provide the necessary information to the committee within the required time according to the legislation. (Ukrainian metal)
On May 27, Uzbekistan’s Minister of Mining Industry and Geology Bobir Islamov together with representatives of the ministry, held a meeting with a delegation led by Zhu Hongbing, CEO of Henan Investment Group Co., Ltd. The meeting focused on the company’s ongoing projects in Uzbekistan, with particular attention given to investment opportunities in the mining…
President Kassym-Jomart Tokayev has met with Robert Friedland, the Executive Co-Chairman of the Board of Directors of Ivanhoe Mines Ltd. The parties discussed the prospects for cooperation in geological exploration, metal extraction and processing. The President was informed about the launch of large-scale geological exploration works in Chu-Sarysu copper basin in Kazakhstan. Ivanhoe Mines previously…
In April, Ukraine exported 46.32 thousand tons of ferrous scrap, up by 7.1% YoY and by 16.1% MoM. According to the State Customs Service, the main importer was Poland, purchasing 40.15 thousand tons of scrap (+19.9% MoM), or 88.4% of the total exports. Greece imported 2.69 thousand tons (-53.4%), Bulgaria – 2.4 thousand tons and…
Companies specializing in gold mining in Kyrgyzstan transferred more than 158 billion soms to the country’s budget in the form of tax deductions, the press service of the State Tax Service reported. According to the data presented, from 2020 to 2024, 160 mining enterprises provided about 147.5 billion soms in taxes to the budget. In…