Kyrgyzaltyn OJSC reviewed and approved the report of Kumtor Gold Company CJSC on the results of its activities for 2024. Chairman of the Board of Kumtor Gold Company Buzurman Subanov reported that according to the results of 2024, revenue from gold sales amounted to $989.1 million with a plan of $739.3 million. “Last year, the…
Uzbekistan has launched industrial production of the rare metal rhenium. This was announced by the press service of the Almalyk Mining and Metallurgical Complex (AGMK). As a result of years of scientific research by AGMK scientists and specialists, a technology was developed in 2021 to produce rhenium with a purity of 99.9%. This high level…
According to the National Statistics Bureau, in January-March, Georgia’s trade turnover with Turkiye, its main trading partner, amounted to $663.3million. Imports decreased by 6.3% YoY, to $587.29 million, and exports by 21.8%, to $76.02 million. In particular, Georgia imported 18.136 thousand tons of steel pipes, up by 23.4%, valued at $14.62 million, up by 12.7%.…
In March, Ukraine decreased steel manufacture by 9.9% YoY and by 3.7% MoM, to 551 thousand tons. Ukraine ranks 24th in the Worldsteel rating of 69 countries. In January-March, Ukraine increased steel output by 2.7% YoY, to 17.33 million tons, retaining the 23rd place. (Ukrainian metal)
The Kharkiv machine-building works Svet Shakhtera will hold a remote shareholders meeting on April 25. The company intends not to distribute profit for 2024. The profit amounts to 489.27 million UAH, up 3-fold YoY. Undistributed profit as of the beginning of the year was 424 million UAH, up from an uncovered loss of 81 million…
Interdepartmental Commission on International Trade subordinated to the Ministry of Economy of Ukraine has launched three antidumping investigations concerning the evasion of paying antidumping duty when importing to Ukraine rolled carbon steel with coating, wire and steel fasteners made in China. The national manufacturers said in their claims that the effect of the antidumping duty…
In January-March, Ukraine procured 505.9 thousand tons of ferrous scrap, up by 18.5% YoY. According to UAVtormet, domestic market received 401 thousand tons of scrap, up by 16.4%. Stocks at metal plants as of April 1, amounted to 20-25 thousand tons. Exports grew by 32%, to 80.9 thousand tons. (Ukrainian metal)
Yevgeny Antonov, First Deputy General Director of Navoi Mining and Metallurgical Company (NGMK), commented on the potential initial public offering (IPO) of the company during a conference organized by Fitch Ratings. According to Antonov, the decision to conduct an IPO lies with the shareholder – the state – which currently owns 100% of the company.…