Olga Ponkratova, the Buyuk Kelajak expert, who has graduated from Russia’s Higher School of Economics and Harvard Business School, has been appointed deputy director of the Navoi Mining and Processing Works. With vast experience in mining, Ponkratova worked at Evraz, Novolipetsk Steel, Uralkali, Alrosa, Basic Element, ERG/ENRC, Glencore, Kazphosphate, Teu-Ken Samruk and EY. She also…
Zaporizhstal has invested around 8 million UAH to buy and install a powerful conditioner for the continuous sheet-rolling mill-1680 in the hot-rolling shop. The Hisense conditioner maintains the optimal temperature regime for the mill. Specialists of Metinvest-Promservice participated in the installation of the conditioner. (Ukrainian metal)
Kumtor Gold Company (KGC) produced 7,960 kilograms of gold in January-September, up by 81 kilograms from the established plan. KGC’s revenue for this period amounted to $579.8 million instead of the planned $463.4 million. The company’s net profit amounted to $216.6 million. Kumtor Gold Company notes that this indicates a high level of efficiency of…
At a meeting on October 11, the Government decided to sell the state-owned stake in the United Mining and Chemical Company (UMCC) for almost UAH 4 billion. This was announced by Prime Minister Denys Shmyhal. He reminded that last week an auction had been held to privatize the state-owned UMCC, Ukraine’s major titanium ore mining…
The Navoi Mining and Metallurgical Company (NMMC) has reached a historic milestone by successfully pricing its inaugural dual-tranche notes offering, which garnered a record oversubscription of $1 billion. This significant achievement includes $500 million in 4-year notes with a 6.70% coupon rate and $500 million in 7-year notes at 6.95%. NMMC’s offering generated the largest…
Poland has been ordered by an arbitration tribunal to pay GBP 252 million (1.3 billion zloty, EUR 300 million) in compensation to the Australian mining firm GreenX Metals for violating international treaties with regard to a failed coalmine project. The firm announced its successful claim on October 8, with lawyers declaring it a victory against…
In January-September, Almalyk Mining and Processing Works manufactured products worth 28.357 trillion soums, up by 14.6% from the target. Kalmykar ore output grew by 2.3%. Copper raw materials processing increased by 0.4%. Copper output met the target, while from own raw materials exceeded it by 6.2%. Production of zinc from own raw materials went up…
The President of Kyrgyzstan Sadyr Japarov visited the brand store for the sale of weighted gold bars of Kyrgyzaltyn JSC. The head of state was informed that the official opening of the store took place on September 5. The sales of gold bars amounted to 50 million soms and the company’s net income — 3…