The Zangezur Copper-Molybdenum Combine (ZCMC) has released an official statement announcing that the company’s salary fund will increase by an average of 20%. The statement emphasizes that ZCMC’s management, acting as a guarantor for its employees, assumes the relevant commitments and assures that the changes will be implemented within the established timeframe. “The development of…
MP Balbak Tulobaev appealed to President of Kyrgyzstan Sadyr Japarov at a meeting of the Committee on Agrarian Policy, Water Resources, Ecology and Regional Development of Parliament with a request to revoke the permit for mining at Dalpran gold deposit in Kemin district of Chui region. First Deputy Plenipotentiary Representative of the President in the…
The Zangezur Copper-Molybdenum Combine (ZCMC) has suffered daily losses of around 400 million drams due to actions carried out for nearly a week by a group of employees and individuals unrelated to the company. Meanwhile, the state has incurred losses of over 100 million drams per day in tax revenue. “Thousands of company employees have…
In January, Almalyk Mining and Metallurgical Combine (AGMK) exported products worth $28.8 million. The company shipped 2,700 tons of copper products to foreign consumers, exceeding the forecast by 8.4%. Zinc exports totaled 1,500 tons, surpassing projections by 19.3%, with a growth rate of 153.5% compared to the same period last year. A notable increase was…
In 2024, Tajikistan produced 85 thousand tons of aluminum, up by 24% YoY. In monetary terms output grew by 47%. Manufacture of copper cathodes increased significantly. During discussions with China Mining it was agreed that copper processing in the republic would increase. Moreover, Tajikistan increased gold output by 18.8%, antimony by 23% and silver by…
Sustainable Fitch has assigned JSC Navoi Mining and Metallurgical Company (NGMK) an ESG Entity Rating of “3” and an entity score of 51. This reflects NGMK’s efforts to implement its strategy for sustainable development, balanced against the environmental and social impacts of its operations. NGMK is a state-owned gold mining company based in Navoi. Its…
The Ukrainian legislation quite quickly and efficiently applies sanctions on anyone cooperating with the enemy. And Neqsol Holding from Azerbaijan, which has bought the United Mining and Chemical Company is no exception, the interim chairwoman of the State Property Fund Ivanna Smachylo has said. She said that anyone taking part in auctions and winning was…
A civilian claim for 157 billion UAH ($3.78 billion) has been filed against Ferrexpo Poltava Mining. The claim was filed due to alleged illegal extraction of mineral resources and sale of production wastes. Ferrexpo refutes all accusation claiming there has been “no illegal extraction”. According to the company, the claim did not affect its operation.…