The average monthly salary of mining industry workers in Azerbaijan reached 3,572 manats ($2,100) in the period from January through October. The data from the State Statistics Committee showed that this was 192.2 manats ($113, 5.84%) more than in the same period last year. The wages of public sector employees in this sphere have increased…
Prime Minister Olzhas Bektenov has visited metallurgical enterprise of Astana. The head of the government checked the process of fulfillment of the President’s instructions on diversification of economy and implementation of investment projects. In particular, he visited the LLP Tau-Ken Altyn gold refinery specializing in purification of gold from other metals, substances and alloys. Since…
Revenues of Kumtor, the largest gold mining enterprise of Kyrgyzstan, after its transfer under the state management amounted to $1,174 billion in net profit, the Chairman of the Board of the Association of Miners and Geologists of the Kyrgyz Republic Duishenbek Kamchybekov said. The expert recalled that the foreign company over more than 20 years…
The Asset Recovery and Management Agency (ARMA) is starting selling iron ore pellets of Russian origin. The total volume of pellets to be auctioned is 2389.55 tons. The starting price of the lot is 9.6 million UAH. The winner will also have to pay 2.4 million UAH of customs duties. The funds receives from the…
Standard and Poor’s (S&P) has assigned a BB- long-term foreign and local currency issuer credit ratings to Navoiuranium. The outlook is stable, mirroring that on the sovereign rating, since S&P does not expect to rate the company above Uzbekistan. Also, it forecasts production and margins to remain steady in the near term, as the company…
According to the State Customs Committee, in January-October Azerbaijan imported 854,051 tons of ferrous metals and relevant products worth $978.19 million, up by 16.3% and by 7.09% YoY respectively. The imports of ferrous metals and related products made up 5.88% of the nation’s total imports. Additionally, during this period, Azerbaijan exported 84,309 tons of ferrous…
In January-October, Ukraine retained its 20th place in the global steel producers rating compiled by Worldsteel. Thus, Ukraine produced 6.49 million tons of steel, up by 25.7% YoY. Moreover, Ukraine increased pig iron manufacture by 21.9%, to 5.36 million tons, retaining its 13th position among 40 global manufacturers. (Ukrainian metal)
Entrepreneurs complain about the lack of wagons for coal export to Uzbekistan, MP Yrysbek Atazhanov has reported at a meeting of Mekenchil parliamentary group. According to him, representatives of Kyrgyz companies addressed the MPs. “They say that there is a lack of wagons. Create conditions for entrepreneurs. Taxes will be paid, jobs will be created.…