Companies operating in Armenia will receive preferential conditions for producing metal items from local raw materials, including molds and semi-finished products. According to a decision adopted at a government session, enterprises engaged in such production will be eligible for a 10% subsidy on industrial loans. In recent years, the country’s metallurgical sector has developed based…
Kazakh President Kassym-Jomart Tokayev held a meeting with Chairman of Kazatomprom Meirzhan Yussupov, during which the company’s new development strategy for 2025-2034 was presented. During the meeting, President Tokayev was briefed about Kazatomprom’s operating outcomes for 2024 as well as its short- and medium-term objectives and plans. Kazatomprom’s uranium production stood at more than 23,000…
An employee perished on March 19 at the East-Zhezkazgan mine operated by Kazakhmys Group of Companies in Ulytau region. “A worker born in 1994 died of sustained injuries after falling into the mine shaft No. 57, while unloading equipment and supplies. The incident is being investigated. A special commission has been established to investigate the…
In February, Ukraine decreased iron ore exports by 21.4% MoM and by 3.3% YoY, to 2.46 million tons. According to the State Customs Service, the main customer was China, accounting for 1.29 million tons, down by 24.8%. Slovakia purchased 264.63 thousand tons (-34.8%) and Poland – 416.28 thousand tons (+4.3%). In January-February, iron ore exports…
In January, Kyrgyzstan exported 372.6 kilograms of gold worth $31.2 million, the National Statistical Committee reported. The primary buyer of the precious metal remained the United Kingdom, which received 372 kilograms of gold during this period. A small additional shipment was exported to Turkey. Compared to the same period last year, gold exports have declined…
In January-February, Ukraine exported 40.98 thousand tons of ferrous metals scrap, up by 1.55% YoY. According to the State Customs Service, in February exports grew by 61% MoM, to 25.824 thousand tons. In monetary terms exports in 2 months decreased by 8.4% YoY, to $11.816 million. Poland was the main customer with 93.24% in monetary…
The Samsonivska-Zakhidna mine, which until 2014 was considered the “mine of the future”, is in the critical condition, the chairman of the Luhansk Regional Military Administration Artem Lysohor has said. After the occupation, the enterprise, located near Otamanivka, was given to a Russian investor for a symbolic price. Despite the previous promises of large-scale development,…
On March 14, Deputy Minister of Investments, Industry and Trade Ilzat Kasymov held a meeting with Song Liping, the CEO of Limaomaoli Metal Company. The company is implementing a project to develop the Syurenota iron ore deposit in the Tashkent region. During the negotiations, the parties discussed the progress of the project, key challenges faced…