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…
The Ukrainian Association of Secondary Metals forecasts that this year procurement of ferrous scrap will amount to 1.45-1.65 million tons, down by 5-17% YoY. Last year, Ukraine procured 1.75 million tons of scrap, up by 37%. “We expect the problems we experienced last year to aggravate this year,” the association chairman Vladimir Bublei has said.…
A meeting was held at the state enterprise Navoiuran with a delegation from the Japanese corporation Itochu Corporation, led by Daisuke Inoue, Executive Director and Chief Operating Officer of the Metals and Mineral Resources Department. The Japanese delegation was welcomed by the leadership of the enterprise, headed by Jamal Faizullaev, General Director of the State…
Armenia’s state budget has, for the first time, received a 33-billion dram dividend from the Zangezur Copper-Molybdenum Combine (ZCMC), Prime Minister Nikol Pashinyan has announced during a press conference. He noted that since 2021, the Armenian government – meaning the people – had been a shareholder in ZCMC, with its stake valued at several tens…