In January-March, Dniprometiz-TAS LLC (Dnipro) increased its net loss by 0.6% YoY, to 3.938 million UAH. According to the company report, net income decreased by 0.58%, to 778.319 million UAH. Undistributed profit as of the end of March amounted to 266.986 million UAH. (Ukrainian metal)
Navoi Mining and Metallurgical Company (NGMK), the fourth-largest gold producer in the world and the leading gold mining enterprise in Central Asia, has successfully commissioned the vertical skip shaft “Skipovoy”. The project was implemented as part of a large-scale investment program to develop the lower horizons of the Zarmitan deposit. With a diameter of 6.5…
On April 28, Minister of Mining and Geology Bobir Islamov, along with senior officials from the ministry and the leadership of the Uzbek Technological Metals Complex (Uzbek Kombinat Tekhnologicheskikh Metallov), held a meeting with Pini Althaus, Managing Partner of Cove Capital LLC. During the meeting, the parties discussed the growing attention given to geology and…
The government of Kazakhstan has decided to prolong the antidumping duties on galvanized rolled metal made in Ukraine and China. According to the press service of the Ministry of Trade and Integration, the duties will be extended for 6 months. Moreover, the duties will also cover Chinese seamless hot-deformed pipes. (Ukrainian metal)
In January-February, the production of unprocessed and semi-processed silver in Kazakhstan amounted to 92.1 tons, down by 28% YoY. Refined silver accounted for 90.4 tons, down by 28.6%. Last year, the country produced 697.5 tons of refined silver, down by 21.2%. 707.3 tons of unprocessed or semi-processed silver were exported, down by 19.1%. Just over…
In January-March, Interpipe paid 1.231 billion UAH to budgets of all levels, up by 4% YoY. In particular, payments to the state budget amounted to 863 million UAH and to local budgets – 184 million UAH. Interpipe also paid 184 million UAH of single social contribution. According to the company economy and finances director Sergiy…
Kazakhstan’s Deputy Prime Minister – Minister of Foreign Affairs Murat Nurtleu held a meeting with Stefano Manfredi, General Director of the Spanish company TUBACEX IBF Kazakhstan. The parties discussed the issue of establishing in Kazakhstan the first seamless pipe plant in Central Asia, making pipes from stainless steel and nickel alloys. The project aligns with…
As a result of the Russian drone attack on Pavlograd on April 26, employee of the Mine Group named after Space Heroes Oleksiy Khlibets and his 15-year-old daughter were killed. The miner’s wife was seriously wounded. “A great tragedy for the whole DTEK family. The enemy drone hit a flat of our colleague,” DTEK said…