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A memorandum on building a metallurgical factory in the city was signed by Liu Yunmin, Chairman of the Board of Fujian Hengwang Investment, and akim of Shymkent Gabit Syzdykbekov. The memorandum was finalized within the parameters of the agreements determined after the prior meeting. The Temir industrial zone, where the facility was intended to be…
DetailsThe Black Sea Trade and Development Bank (BSTDB) has announced a new EUR 10-million short-term facility extended to one of the subsidiaries of Metinvest Group, a renowned international conglomerate of steel and mining enterprises. This loan from BSTDB is strategically aimed at bolstering Metinvest’s export of iron ore products by facilitating dedicated working capital financing.…
DetailsKazakhstan exported 2,300 tons of uranium in 2023 through the territory of Azerbaijan as part of the Trans-Caspian International Transport Route (TITR, or Middle Corridor), the Ministry of Energy reported on the implementation of the concept for the development of the fuel and energy complex of the Republic of Kazakhstan for 2023. As stated in…
DetailsThe State Property Fund intends to hold the first auctions of the “big privatization” in July-August. Among the main assets is the United Mining and Chemical Company. The starting price for the company is set at 3.9 billion UAH. Before the start of the Russian full-scale invasion, seven business groups showed interest in privatizing UMCC.…
DetailsBy canceling the frozen auctions to sell scrap, Ukrzaliznytsia has damaged itself for 300 million UAH, expert Boris Kushniruk has said. “That was a very strange decision on behalf of Ukrzaliznytsia. Auctions were held, winners were announces and pledges were made. Moreover, metal companies were ready to buy this scrap despite the fact that the…
DetailsThe Velta Group of Companies currently has an acute shortage of employees, which decreases its efficiency and exports, CEO and co-owner Andriy Brodskiy has said on Facebook. According to him, their titanium ore mining and processing works lack 28% of personnel. The number of working pensioners has increased by 30% since the start of the…
DetailsOperation of machinery at a Donetsk region mine was suspended due to Russian shelling. More than 160 miners remained underground. Due to damages, ventilation machinery was shut down. 137 miners were taken back to the surface. Later, following shelling, ventilation equipment at another site of the mine was shut down. 26 miners remained underground until…
DetailsIn January-April, global steel output amounted to 625.37 million tons, down by 0.89% YoY. According to Worldsteel, China was the traditional leader with 343.67 million tons of steel produced, down by 3%. Its share in global output amounted to 54.95%. Ukraine produced 2.4 million tons of steel, up by 32.76%, and went up by one…
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