According to the World Gold Council, in May, Uzbekistan ranked second globally in gold sales. Worldwide central bank gold and currency reserves dropped by 27 tons, with precious metal sales declining by over half compared to April. Uzbekistan sold 11 tons of gold internationally in May, surpassing Kazakhstan and Germany by 5.5 times. Turkey remained…
The Pecherskiy Court of Kyiv has ruled to place top managers of Poltava Mining and Processing Works and a straw company into a pre-trial detention center with the alternative of a bail. All the six are suspected of embezzlement. The organizer of the criminal scheme has to pay 60 million UAH, and the rest –…
Central Mining and Processing Works has capitally repaired its pelletizing machine OK-324. The repair was carried out to provide faultless manufacture of high-quality pellets. 100 tons of refractory bricks produced by Refrako and Zaporozhogneupor was used in the repair. CGOK is among 5 largest mining raw materials manufacturers in Ukraine. It specializes in iron ore…
The United Mining and Chemical Company has resumed operation of Irshansk Mining and Processing Works in Zhytomir region after a halt in October 2022. The processing factory No. 3 started operating on July 5. In just one shift, the IrGOK employees produced 220 tons of ilmenite concentrate. (Ukrainian metal)
In January-June, Ferrexpo increased pellets manufacture by 57% YoY, to 1.967 million tons, and concentrate – by 51%, to 160 thousand tons. In Q2, pellets manufacture grew by 18%, to 1.066 million tons, and concentrate – by 96%, to 106 thousand tons. This was made possible by the resumption of the second pelletizing line operation.…
The state enterprise Volynvuhillya intends to order Ukrzakhid Steamex LLC services for 5.66 million UAH. The notification on intention to sign two agreements – for 2.38 million UAH and 3.28 million UAH – has been published in the Prozorro system. At the same time, Ukrzakhid Steamex has previously been accused of collision on trade from…
ArcelorMital Kriviy Rih has constructed an underground service station for its mine transport at the depth of 1,135 meters. Now the repair and maintenance of mine transport, electric locomotives and trolleys will be carried out in an up-to-date underground depot. Previously, all the repair and maintenance checks of mine transport at the 1,135 horizon were…
HMS Bergbau AG intends to invest $700 million in lithium extraction in the east of Kazakhstan. The company has bought 51% in a Kazakhstani company. So far, the company plans to extract lithium, while the manufacture of lithium-ion batteries will depend on reserves. (Ukrainian metal)