Armenia’s Finance Minister Vahe Hovhannisyan has announced that the Amulsar gold mine is expected to begin operations until the end of the year. According to the minister, the project will have a limited but positive effect on the national economy. “If Amulsar starts operating this year, we estimate it could contribute about 0.5% to GDP…
In April, Zaporizhstal produced 282.8 thousand tons of pig iron, 270.6 thousand tons of steel and 228.3 thousand tons of rolled metal. In January-April, pig iron output amounted to 1132.4 thousand tons, steel – 1018.9 thousand tons and rolled metal – 865.7 thousand tons. Last year, Zaporizhstal produced 3.1 million tons of pig iron, 2.9…
In January-March, Dniprometiz-TAS LLC (Dnipro) increased its net loss by 0.6% YoY, to 3.938 million UAH. According to the company report, net income decreased by 0.58%, to 778.319 million UAH. Undistributed profit as of the end of March amounted to 266.986 million UAH. (Ukrainian metal)
Navoi Mining and Metallurgical Company (NGMK), the fourth-largest gold producer in the world and the leading gold mining enterprise in Central Asia, has successfully commissioned the vertical skip shaft “Skipovoy”. The project was implemented as part of a large-scale investment program to develop the lower horizons of the Zarmitan deposit. With a diameter of 6.5…
On April 28, Minister of Mining and Geology Bobir Islamov, along with senior officials from the ministry and the leadership of the Uzbek Technological Metals Complex (Uzbek Kombinat Tekhnologicheskikh Metallov), held a meeting with Pini Althaus, Managing Partner of Cove Capital LLC. During the meeting, the parties discussed the growing attention given to geology and…
The government of Kazakhstan has decided to prolong the antidumping duties on galvanized rolled metal made in Ukraine and China. According to the press service of the Ministry of Trade and Integration, the duties will be extended for 6 months. Moreover, the duties will also cover Chinese seamless hot-deformed pipes. (Ukrainian metal)
In January-February, the production of unprocessed and semi-processed silver in Kazakhstan amounted to 92.1 tons, down by 28% YoY. Refined silver accounted for 90.4 tons, down by 28.6%. Last year, the country produced 697.5 tons of refined silver, down by 21.2%. 707.3 tons of unprocessed or semi-processed silver were exported, down by 19.1%. Just over…
In January-March, Interpipe paid 1.231 billion UAH to budgets of all levels, up by 4% YoY. In particular, payments to the state budget amounted to 863 million UAH and to local budgets – 184 million UAH. Interpipe also paid 184 million UAH of single social contribution. According to the company economy and finances director Sergiy…