A strike of 200 Kazakhmys, South-Zhezkazgan mine and Zhylandy mine employees began on December 17. The demands of the strikers changed during the day. At first they wanted a 30% increase in salary, but until the end of the day –already 100%. “There will be no talks on a 100% increase in salary. First of…
Recently the Almalyk copper-processing factory has reached its target to supply copper concentrate to Almalyk Mining and Processing Works. The factory produced 113.5 thousand tons of concentrate. This operation demonstrates the team’s resolve to reach new heights next year. (Ukrainian metal)
In January-November, Ukraine increased imports of copper and copper wares by 6.1% YoY, to $127.286 million. According to the State Customs Service, exports grew by 24.5%, to $81.11 million. In November, Ukraine imported $11.033 million worth of copper and exported $8.129 million. (Ukrainian metal)
Metinvest will buyback its eurobonds with the maturity on June 17, 2025 valued at $16.27 million as a result of an action held on December 9, when the price was set in the range of 82% to 92.5% and the overall amount of buyback at EUR 70 million. Following the buyback, the volume of bonds…
Revenue from the income tax on gold mining companies amounted to more than 12.5 billion soms, the Ministry of Finance of Kyrgyzstan reported. In the first 10 months of 2024, collection of this tax reached 12,619.1 billion soms. The financiers had forecast 11,707.5 billion soms. Thus, the tax collection exceeded expectations by 911.6 million soms,…
The government of Armenia intends to place its shares of Zangezur Copper-Molybdenum Combine (21.875%) on stock exchange by holding an IPO. According to the Prime Minister Niikol Pashinyan, last week the company paid 33.249 billion drams to the state budget as dividends. This doesn’t include company taxes. In January-November, ZCMC paid 73.8 billion drams of…
Prime Minister Olzhas Bektenov, on a working trip to Kostanay region, has visited local industrial companies. The region’s industrial output in 11 months of 2024 is estimated at 2.5 trillion tenge, with the share of processing industry reaching 72%. The region has implemented six major industrial projects worth 124.7 billion tenge, creating 1,301 jobs. Caspian…
Mines are being shut down on the temporarily occupied territories of Lugansk region, which affects operation of the heating infrastructure. “Due to the lack of “A” grade coal, the thermal power plant in the town of Schastya had to switch to gas during the current autumn-winter season. The decision was approved by the Russian ministry…