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Centravis Ltd., a part of Centravis Production Ukraine, is creating a holding company Top Groups in Switzerland. The board of directors will also be located there. “In the last day of 2022, the Swiss authorities granted us the right to create the holding company and allowed placing our board in Lugano,” Centravis CEO Yuri Atanasov…
DetailsThis year, Pokrovsk Mining and Processing Works plans to produce as much as in 2022. According to the technical director Victor Bondarets, the enterprise is idle now and will remain like this until at least April 1 due to the shortage of electricity. “We will resume operation from April 1, when the heating season ends,”…
DetailsSince the beginning of the Russian invasion, Metinvest has provided the Armed Forces of Ukraine with almost 1 million liters of fuel and 312 various machines. At first special machinery was supplied – trucks, bulldozers ad excavators. They were used in the construction of defence lines. Then Metinvest organized delivery of cars from abroad. They…
DetailsThe government of Azerbaijan forecasts gold output at the level of 3.104 tons in 2023. In 2024, the output is expected to grow to 3.1235 tons, in 2025 – to 3.1415 tons and in 2026 – to 3.1545 tons. Thus, in 2026 gold output will grow by 1.6% from the 2023 level. In January-November 2022,…
DetailsThe Ministry of Justice has received information that Rusal supplies aluminum products to the enterprises of the Russian military complex involved in the development and manufacture of military machines, weapons and ammunition to the armed forces of the terrorist-state. Rusal is owned by the Russian oligarch Oleg Deripaska. Most of the aluminum products are made…
DetailsIn 2022, Ukraine produced 6.263 million tons of steel, down by 70.7% YoY. According to Ukrmetallurgprom, pig iron manufacture dropped by 69.8%, to 6.391 million tons. Rolled metal output decreased by 72%, to 5.35 million tons. (Ukrainian metal)
DetailsLast year, Zaporizhstal mastered the manufacture of 8 new types of cold- and hot-rolled metal for key domestic and foreign customers. In particular, the portfolio of hot-rolled products was joined by three types of rolled metal and three types of sheets, previously produced at Metinvest Mariupol enterprises. Thus, Zaporizhstal started producing hot-rolled sheets with the…
DetailsThe shareholders of Interpipe Novomoskovsk Pipe Works have approved the operational report for 2021. The decision was taken at the annual meeting on December 28, 2022. The revision commission has been revised, with Hanna Kushnir reelected and Yuliya Vedmidyova and Helena Fedorchenko elected. In 2021, Interpipe NMTZ increased net profit 2.2-fold YoY, to 175.722 million…
DetailsIn 2022, Almalyk Mining and Processing Works exported $947.5 million worth of products, exceeding the forecast by 10.8%. In particular, copper exports totaled 75.208 thousand tons, up by 1.9%, and zinc – 58.737 thousand tons, up by 15.9%. Export geography has widened. Thus, the company has entered new markets – Spain, Austria, Germany, Finland, Canada,…
DetailsMetinvest and the Renat Akhmetov Foundation have provided Pokrovsk community with powerful diesel power plants to support faultless operation of boiler houses when there is no electricity. “The powerful diesel generators are capable of providing constant electricity manufacture. They have proven their efficiency in Zaporizhzhya hospitals, where 2 such generators fully support the operation of…
DetailsAccording to the World Gold Council, the world’s central banks increased their gold reserves by 50 tons in November 2022. The largest buyer of the month was the People’s Bank of China, which bought 32 tons of gold, followed by the Central Bank of Turkey with 19 tons. Kazakhstan and Uzbekistan became the main sellers…
DetailsMetinvest has reelected the sane members of supervisory boards of some of its enterprises. Thus, on January 4, Zaporozhkoks extraordinary shareholders meeting reelected Metinvest CEO Yuri Ryzhenkov, CFO Yulia Dankova and legal director Svetlana Romanova as supervisory board members for 3 more years. The same will remain members of Zaporozhogneupor, Avdiivka Coke and Chemical Works…
DetailsIn 2022, Zaporizhstal decreased rolled metal manufacture by 60.4% YoY, to 1.3 million tons. Steel output dropped by 61.7%, to 1.49 million tons, and pig iron – by 54.3%, to 2.009 million tons. In December 2022, the company produced 142.1 thousand tons of pig iron, 70.8 thousand tons of steel and 56.7 thousand tons of…
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