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ArcelorMittal Kriviy Rih has announced the increase of salaries by 15% on average from May 1. Depending on the current wages and labor conditions, the increase will amount to 5-22%. The company has decided to pay a remuneration of 50% of average salary for 2024. It will be paid together with salary for March. In…
DetailsUzbekistan has become the first country in Central Asia to join the International Tungsten Industry Association (ITIA). Membership in the organization grants Uzbekistan’s Technological Metals Combine (Uzbek Combinat of Technological Metals) access to market insights, analytical and statistical data, as well as participation in major international industry events. This decision will strengthen Uzbekistan’s position in…
DetailsDneprovskiy Iron and Steel Works (DMZ) and Sukha Balka mine, both parts of DCH Steel, are actively supporting the Armed Forces of Ukraine. Since the start of the full-scale Russian invasion in 2022, they have allocated more than 15 million UAH to provide for the army needs and support families of the military. In particular,…
DetailsOn March 26, the Commercial Court of Donetsk region opened legal proceedings in the case of Krasnolimanskoye LLC insolvency. The company is a part of Ukrdoninvest Group of Companies belonging to Vitaliy Kropachev. The bankruptcy was initiated by Shakht Prom Service+ LLC and Irbis-Vostok LLC. Krasnolimanskoye LLC specializes in coal extraction on the territory of…
DetailsAs part of his working visit to Pavlodar region, Kazakh Prime Minister Olzhas Bektenov visited KAZ Minerals Bozshakol LLP. He got acquainted with the progress of implementation of the President’s tasks on industrial development, state support measures and the introduction of digital solutions. At the Bozshakol copper mine Olzhas Bektenov surveyed its technological process. Annually,…
DetailsAccording to US Geological Survey (USGS), China, Russia (310 tons) and Australia (290 tons) are the top gold producers in 2024, with China leading at 380 tons. Other major producers include Canada (200 tons), the U.S. (160 tons) and Kazakhstan, Mexico and Ghana (130 tons each), as well as Uzbekistan, which has increased output to…
DetailsDevelopment of Bozuchuk site at Solton-Sary gold deposit in Naryn region will begin in 2025, the Minister of Natural Resources, Ecology and Technical Supervision of Kyrgyzstan Meder Mashiev has announced at a briefing. According to him, Chinese Zhong Ji Mining Company has completed construction of a plant at the field. “This is a subsidiary of…
DetailsIn February, Ukraine produced 572 thousand tons of steel, up by 7.5% YoY, but down by 6.4% MoM. Ukraine occupied the 21st place among 69 global steel producers, according to Worldsteel. In January-February, Ukraine increased steel production by 9.9% YoY, to 1.183 million tons. (Ukrainian metal)
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