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Uzbekistan plans to implement promising projects worth $500 million on rare earth metals with the participation of foreign experts and investors. This issue was reviewed at a meeting held by the President of Uzbekistan, Shavkat Mirziyoyev, to discuss tasks in the spheres of geology and metallurgical industry. During the meeting, the president noted that the…
DetailsThe depth of the quarry at the Muruntau gold mine has reached 650 meters. The next stage will see the depth exceeding 1 thousand meters and yielding over 50 million tons of ore per year. This is the largest gold deposit with the reserves estimated at more than 4.5 thousand tons. At present the quarry…
DetailsSince the start of the Russian full-scale invasion, each sixth Metinvest employee, or 15% of all the staff, has been mobilized to the Armed Forces of Ukraine. So far, around 1.5 thousand employees have returned form the war, and more than 500 have resumed work. The group expects that 6-7 thousand employees will return to…
DetailsIn 2023, Stalkanat decreased net profit by 13.8% YoY, to 280.060 million UAH. Net income grew by 3.1%, to 3.328 billion UAH. Undistributed profit amounted to 373.626 million UAH. Last year, the company sold 72.593 thousand tons of metal products. Exports amounted to 53%. Capital investments totaled 164.815 million UAH. Average number of employees was…
DetailsIn 2023, Dniprometiz-TAS LLC decreased net loss 2.6-fold YoY, to 9.658 million UAH. Net income increased by 8.2%, to 2.677 billion UAH. Undistributed profit amounted to 248.89 million UAH. (Ukrainian metal)
DetailsSteel production continues recovering in Ukraine, but the pre-war level is unlikely to be reached in the foreseeable future. In March, steel output grew by 16% YoY and in Q1 – by 37%. Pig iron manufacture increased by 16% and by 32% respectively. Ukrainian steel plants work with decreased capacities ranging from 30% to 90%…
DetailsIn January-March, Interpipe paid 1.186 billion UAH of taxes, up by 90% YoY. Payments to the state budget amounted to 916 million UAH (+126%) and to local budgets – 138 million UAH (+29%). The company also paid 132 million UAH (+21%) of single social tax. Last year, Interpipe paid 4.4 billion UAH of taxes. (Ukrainian…
DetailsA new copper cathode production plant will be built in Pavlodar region. Over 9.4 billion tenge in investments will be attracted. Fonet Er-Tai AK Mining LLP will develop a large investment project on the construction of the leaching plant for the production of high-quality export-oriented copper cathode. The processing plant of the copper cathode production…
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