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The Supreme Anticorruption Court has not satisfied the claim of the Ministry of Justice on the confiscation of Demurinskiy Mining and Processing Works and other companies controlled by the Russian billionaire Mikhail Shelkov. The court did not find the proofs of Shelkov having control over DemGOK strong enough. DemGOK via its Cyprus owner has a…
DetailsIn 2022, Navoi Mining and Metallurgical Works manufactured 56.6 trillion sums worth of products, up by 106.2% YoY. 18 trillion sums were paid to the state budget. Over 6 years, gold output grew by 21% and silver – by 46%. Last year, the company invested $486 million in development and carried out three large projects…
DetailsA large gold deposit has been discovered in Serbia. Gold content in concentrate could exceed 93%. Additional prospecting must be carried out to determine reserves. (Ukrainian metal)
DetailsIn December 2022, Ukraine exported 75.14 thousand tons of semi-finished steel products, down by 16.2% MoM and by 86.8% YoY. According to the State Customs Service, revenue dropped by 17.3% MoM and by 87.3% YoY, to $43.84 million. In 2022, exports totaled 1.899 million tons valued at $1.19 billion, down by 72% and by 70.9%…
DetailsIn 2022, Ukraine decreased nickel ore and concentrate import by 71.9% YoY, to 346.719 thousand tons. According to the State Customs Service, in monetary terms dropped by 73.8%, to $15.428 million. The only supplier was Guatemala. In 2022, as in 2021, Ukraine neither exported nor re-exported these products. (Ukrainian metal)
DetailsIn 2022, Georgia’s trade turnover with Turkey totaled $2.81 billion, including exports of $435.49 million, up by 34.9%, and imports of $2.37 billion, up by 29.6%. According to the National Statistics Department, pig iron and unalloyed steel semi-finished products occupied the fifth place among the most exported products totaling 28031 tons, down by 40.5% YoY.…
DetailsIn 2022, ArcelorMittal Kriviy Rih decreased output due to the worsening of situation in the industry because of the full-scale Russian invasion. Thus, pig iron manufacture decreased by 70.1% YoY, to 1.6 million tons, steel – by 76.6%, to 1.2 million tons, and rolled metal – by 76.08%, to 1.1 million tons. In mining field…
DetailsIn 2022, Ukraine decreased export of ferrous metals scrap 11.5-fold YoY, to 53.557 thousand tons. According to the State Customs Statistics, revenue dropped 12.4-fold, to $19.271 million. Imports fell 12.6-fold, to 1.824 thousand tons valued at $3.488 million, down 12.9-fold. The main suppliers were Turkey (78.92% in monetary terms), Russia (13.25%) and Cyprus (5.08%), while…
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