As of February 20, the Romanian authorities were not informed about the ruling expected from the World Bank’s ICSID arbitration court on the Rosia Montana gold mining project dispute with Gabriel Resources, according to a response issued by the executive. The updated value of the compensations claimed by the investor is $6.7 billion, the executive…
In February, Sukha Balka started commissioning two new blocks at the Yuvileyna mine. This will provide miners with half a year of work. The reserves of the two blocks, situated at the depth of 1420 meters, amount to 332 thousand tons of ore. Development of the blocks will begin next week. (Ukrainian metal)
Ukraine started increasing steel output and in January it grew almost 2-fold. But further growth is hampered not only by logistics, but also by the scrap shortage, that Ukrzaliznytsia could cover. This year, scrap procurement is expected to decrease due to the mined territories and mobilization. State monopolies, which constantly write off outdated equipment, could…
In 2023, industrial enterprises of Kryvyi Rih decreased air pollution while carrying out explosions by 9% YoY. During industrial explosions, dust, nitrogen dioxide and hydrogen dioxide are emitted into the air. At present 9 quarries operate in the city, belonging to ArcelorMittal Kryvyi Rih, UGOK, CGOK, InGOK, Ukrainian Mining Company LLC and Rudomine LLC. Last…
The presidential decision to accelerate copper processing allows for 25% lump sum payments for raw materials bought through stock exchanges. The remaining 75% can be paid within 90 days. Interest is waived for payments within 30 days, half the Central Bank’s main rate applies for payments within 31 to 60 days and the full rate…
In January, Ukraine decreased exports of titanium ore and concentrate 2.4-fold YoY, to 865 thousand tons. According to the State Customs Service, revenue dropped by 57.3%, to $1.414 billion. The main customers were Turkey (67.26% in monetary terms), UAE (14.5%) and the Czech Republic (5.16%). Ukraine did not import titanium ores in January. (Ukrainian metal)
Corum Group has supplied another RH110 heading machine to Zakhidno-Donbaska mine, the second one for the mine and the third in the new range, the production of which began last year. The weight of the machine is 55 tons, up by 20% from the previous model. In January, Corum Group produced two machines for Ukrainian…
In January, 2186 large taxpayers paid around 9 trillion soums of taxes to the state budget. 10 largest taxpayers with state share accounted for 4.6 trillion soums. Navoi Mining and Processing Works paid the most – 2.4 trillion soums. (Ukrainian metal)
