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Prime Minister Olzhas Bektenov has visited metallurgical enterprise of Astana. The head of the government checked the process of fulfillment of the President’s instructions on diversification of economy and implementation of investment projects. In particular, he visited the LLP Tau-Ken Altyn gold refinery specializing in purification of gold from other metals, substances and alloys. Since…
DetailsRevenues of Kumtor, the largest gold mining enterprise of Kyrgyzstan, after its transfer under the state management amounted to $1,174 billion in net profit, the Chairman of the Board of the Association of Miners and Geologists of the Kyrgyz Republic Duishenbek Kamchybekov said. The expert recalled that the foreign company over more than 20 years…
DetailsThe Asset Recovery and Management Agency (ARMA) is starting selling iron ore pellets of Russian origin. The total volume of pellets to be auctioned is 2389.55 tons. The starting price of the lot is 9.6 million UAH. The winner will also have to pay 2.4 million UAH of customs duties. The funds receives from the…
DetailsStandard and Poor’s (S&P) has assigned a BB- long-term foreign and local currency issuer credit ratings to Navoiuranium. The outlook is stable, mirroring that on the sovereign rating, since S&P does not expect to rate the company above Uzbekistan. Also, it forecasts production and margins to remain steady in the near term, as the company…
DetailsAccording to the State Customs Committee, in January-October Azerbaijan imported 854,051 tons of ferrous metals and relevant products worth $978.19 million, up by 16.3% and by 7.09% YoY respectively. The imports of ferrous metals and related products made up 5.88% of the nation’s total imports. Additionally, during this period, Azerbaijan exported 84,309 tons of ferrous…
DetailsIn January-October, Ukraine retained its 20th place in the global steel producers rating compiled by Worldsteel. Thus, Ukraine produced 6.49 million tons of steel, up by 25.7% YoY. Moreover, Ukraine increased pig iron manufacture by 21.9%, to 5.36 million tons, retaining its 13th position among 40 global manufacturers. (Ukrainian metal)
DetailsEntrepreneurs complain about the lack of wagons for coal export to Uzbekistan, MP Yrysbek Atazhanov has reported at a meeting of Mekenchil parliamentary group. According to him, representatives of Kyrgyz companies addressed the MPs. “They say that there is a lack of wagons. Create conditions for entrepreneurs. Taxes will be paid, jobs will be created.…
DetailsOn November 19, a major transaction involving shares of the Almalyk Mining and Metallurgical Complex (AGMK) took place on the Tashkent Stock Exchange. According to the exchange, 175,472,021 shares were sold during the transaction, accounting for 24.7% of the company’s total issued shares. Each share was sold at a price of 69,499 soums, which was…
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