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Revenue from the income tax on gold mining companies amounted to more than 12.5 billion soms, the Ministry of Finance of Kyrgyzstan reported. In the first 10 months of 2024, collection of this tax reached 12,619.1 billion soms. The financiers had forecast 11,707.5 billion soms. Thus, the tax collection exceeded expectations by 911.6 million soms,…
DetailsThe government of Armenia intends to place its shares of Zangezur Copper-Molybdenum Combine (21.875%) on stock exchange by holding an IPO. According to the Prime Minister Niikol Pashinyan, last week the company paid 33.249 billion drams to the state budget as dividends. This doesn’t include company taxes. In January-November, ZCMC paid 73.8 billion drams of…
DetailsPrime Minister Olzhas Bektenov, on a working trip to Kostanay region, has visited local industrial companies. The region’s industrial output in 11 months of 2024 is estimated at 2.5 trillion tenge, with the share of processing industry reaching 72%. The region has implemented six major industrial projects worth 124.7 billion tenge, creating 1,301 jobs. Caspian…
DetailsMines are being shut down on the temporarily occupied territories of Lugansk region, which affects operation of the heating infrastructure. “Due to the lack of “A” grade coal, the thermal power plant in the town of Schastya had to switch to gas during the current autumn-winter season. The decision was approved by the Russian ministry…
DetailsGedik Kaynak LLC, a resident of Neftchala Industrial Quarter under the jurisdiction of the Agency for Development of Economic Zones under the Ministry of Economy of Azerbaijan, has exported electrodes for the first time. 150 tons of products were sent to Iraq at the initial stage. Gedik Kaynak LLC was registered in 2021 as a…
DetailsIn January-October, enterprises of the mining-metallurgical complex of Kazakhstan invested around 1.1 trillion tenge in the development of the industry. Compared with 2023, investment volumes remain unchanged. The combined share of investments in the extraction and processing of metal ores in the overall investments in the industry grew by 3%, to 20%. In particular, investments…
DetailsIn January-November, Ukraine increased aluminum ore and concentrate (bauxite) imports by 82.3% YoY, to 30.14 thousand tons. According to the State Customs Service, expenses grew by 78.2%, to $3.672 million. The main supplier was Turkiye (76.74% in monetary terms), followed by China (21.06%) and Spain (2.12%). Ukraine didn’t re-export bauxites in the period. (Ukrainian metal)
DetailsIn January-November, Ukraine increased ferrous scrap exports by 62.4% YoY, to 261.578 thousand tons. According to the State Customs Service, revenue grew by 76.8%, to $82.05 million. The main customer was Poland (82.56%), followed by Greece (12.58%) and Germany (3.49%). In November, Ukraine exported 34.6 thousand tons of scrap, up from 24.54 thousand tons in…
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