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.…
The Republican Union of Employers of Armenia, emphasizing workers’ rights and their ability to voice grievances, has issued a statement expressing concern over an unauthorized strike organized by a group of employees at Zangezur Copper-Molybdenum Combine (ZCMC). According to the Union, this action contradicts Article 74 of Armenia’s labor code, disrupting the normal operations of…
In January, Zaporizhstal increased rolled metal production by 9.7% YoY, to 215 thousand tons. Compared with December 2024, output decreased by 8.2%. Zaporizhstal also produced 287.7 thousand tons of pig iron (+10.2% YoY and +1.1% MoM) and 243 thousand tons of steel (+3.2% YoY and -1% MoM). (Ukrainian metal)
There were no vessels registered on January 17-31 in the port of the occupied Mariupol. At that time, repair work was carried out at the port. At the same time, cargo trains with coal arrived for unloading. On February 1, the Alfa M bulker docked at the port, registered for Aston Shiptrade from the Marshall…
The Zangezur Copper-Molybdenum Combine (ZCMC), where some employees have gone on strike, has published salary figures for its workforce. According to the company’s statement, in September 2024, ZCMC initiated a salary review process aimed at introducing institutional wage principles, eliminating social inequalities and ensuring a transparent pay system based on industry standards and objective criteria.…
The Board of Directors of Kumtor Gold Company CJSC held a meeting at Kumtor mine, the press service of the enterprise reported. During the meeting, the company’s performance in 2024 was summed up, and plans and objectives for the current and subsequent years were discussed. As part of the event, reports were presented by the…