Kyrgyzstan’s largest domestic gold mining company, Kyrgyzaltyn, plans to launch two industrial projects in 2025. “Currently, a gold extraction plant is being built at the Solton Sary deposit in Naryn region in partnership with Indian collaborators. Once operational, the facility will create at least 400 new jobs,” the company’s statement said. Additionally, Kyrgyzaltyn is planning…
In 2024, the private joint stock company “Ukrstal Dnepr Metal Structures Works” decreased net profit 9.7-fold YoY, to 7.342 million UAH. At its shareholder meeting scheduled for April 7, the company plans to suggest spending the net profit to be spent to cover losses of previous years. The company is the successor of the “Dnipropetrovsk…
Following the auctions for subsoil use rights held in 2024, the total amount of budget revenues amounted to more than 5.7 billion tenge, the Ministry of Industry and Construction said. According to the ministry, the following investors came to Kazakhstan: – Rio Tinto Mining and Exploration Limited, Skyfall LTD, Pallas Resources Limited , Нidden Owl…
Kyrgyzstan’s businessman Nikolai Korobovsky was detained in Moscow on March 10, a source in law enforcement agencies reported. Russia’s Investigative Committee charges him with large-scale fraud. According to the source, a criminal case was initiated on December 28, 2024 following a complaint from Korobovsky’s business partner. “He was detained upon arrival in Moscow from Bishkek.…
The European Commission suggests prolonging the support of Ukrainian metal industry by retaining the current duty-free imports of steel. With this initiative the Ukrainian steel sector could continue exporting its products to the European Union without limitations, which is an important income source for Ukraine. This decision aims to support Ukrainian manufacturers in difficult situation…
On March 7, President of Uzbekistan Shavkat Mirziyoyev reviewed a presentation on the development of strategic mineral resources and the manufacture of high-value-added products. The country has identified deposits of more than 30 metals, including tungsten, molybdenum, magnesium, lithium, germanium, graphite, vanadium and titanium. However, until recently, this sector had not received sufficient attention, with…
In January-February, Dniprovsky Iron and Steel Works increased rolled metal manufacture by 9.2% YoY, to 7.1 thousand tons. According to the company statement, coke manufacture decreased by 20.2%, to 36.2 thousand tons. In February, DMZ produced 6.6 thousand tons of rolled metal, up by 29.4% YoY, and 17.3 thousand tons of coke, down by 23.7%.…
On March 3, the Commercial Court of Kyiv launched bankruptcy procedure for the Heavy Metal plant in Pershotravensk, Mykolaiv region, which produced rolled metal with polymer coating. The bankruptcy was initiated by Nordicsteel LLC from Kamyanets-Podilskiy after the majority shareholder Tetyana Taruta decided to shut down the enterprise and appointed new management. Nordicsteel is owned…