In September, Georgia imported $16.2 million worth of steel from Turkiye. Compared to September 2023, imports increased by 21.8%. In January-September, Georgia imported $146.3 million worth of steel from Turkiye, up by 21.1% YoY. (Ukrainian metal)
Prime Minister Olzhas Bektenov, who is paying a working visit to the People’s Republic of China, has participated in the Kazakh-Chinese Investment Roundtable Meeting. Eight commercial agreements worth $2.5 billion were signed during the event between the leading Kazakh, Chinese companies. The following documents were signed: – The agreement between JSC Qarmet and Zhengzhou Coal…
In October, Zaporizhstal produced 264.5 thousand tons of pig iron, 241.3 thousand tons of steel and 172.2 thousand tons of rolled metal. Pig iron production increased by 6.4% MoM, and steel – by 18.9%, while rolled metal decreased by 6.5%. In January-October, pig iron output amounted to 2.562 million tons, up by 17% YoY, steel…
Solidcore Resources plc has concluded an agreement with Berkut Mining LLC on purchasing 55% in the undeveloped Syrymbet polymetallic deposit in the North Kazakhstan region. The main component of the deposit is tin. The licensed size of Syrymbet is more than 10 square km. According to the agreement, Solidcore buys 55% in Tin One Holding…
Uzbekistan produced 5.3 million tons of coal from January through September. The data from the Statistic Agency showed that coal production increased by 20.4% YoY. The country’s coal production reached 1 million tons in September, up from 900,000 tons in August. (Trend)
Zestaponi Ferroalloy Plant and Chiatura Management Company of Georgian Manganese, a producer and exporter of ferroalloys and manganese ore, have suspended operations until March 1, 2025 following a “significant decline” in silicomanganese prices on the global market and decreased demand over the past two years. Georgian Manganese cited “difficulties” for Chiatura Management Company in supplying…
The Canadian company Euro Sun Mining, the owner of the Rovina gold project in Romania, the second largest in Europe, has concluded a binding Memorandum of Understanding with the Anglo-Swiss group Glencore, the world’s largest commodity trader, for the production to be obtained at the field in Romania. The project faces environmental hurdles generated by…
Head of State Kassym-Jomart Tokayev has met with Vitaly Nessis, Chief Executive Officer of Solidcore Resources plc. The President was informed about the results of activity of one of the largest companies specializing in exploration, mining and processing of precious and non-ferrous metals in Kazakhstan as well as future plans. According to Vitaly Nesis, Solidcore…