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Stalkanat PJSC (Odesa) is experiencing delays with shipping its products to European customers due to the border blockade in Poland. According to the company CEO Sergiy Lavrinenko, around 50% of products are exported. “We are worried,” he said. He added, that some customers were forced to stop buying company products due to overdue supplies. (Ukrainian…
DetailsThe procedure for applying discounts on the purchase of precious metals has been further improved. Specifically, interest will not be calculated on payments made within 30 days. For payments made within 180 days, interest will be calculated at the main rate of the Central Bank. The Presidential Decree “On Measures to Create Favorable Conditions for…
DetailsDuring the visit, Kazakh President Kassym-Jomart Tokayev was informed about the current production state and development prospects of the Ust-Kamenogorsk titanium-magnesium plant. The plant is among the world’s major vertically integrated manufacturers of titanium sponge, ingots and alloys with a full production cycle from raw material extraction to end-product output. The plant’s production structure includes…
DetailsNet profit of Kumtor Gold Company CJSC last year amounted to $302.4 million with the plan of $194 million. Revenue of Kumtor Gold Company from production activities in 2023 amounted to $849 million with the plan of $734.2 million. Last year the company sold a total of 13,577 kilograms of gold. At least 17,241,071 billion…
DetailsIn 2023, the European Union decreased iron ore imports from third countries by 11% YoY, to 72.75 million tons. Imports have been decreasing for the second year in a row. Thus, in 2022, imports amounted to 81.72 million tons, down by 12.7%, while in 2021 – 93.58 million tons, up by 20.2%. Ukraine was the…
DetailsThe State Property Fund has received shares of Zaporozhye Aluminum Works, previously belonging to the Russian oligarch Oleg Deripaska. “The Supreme Anticorruption Court transferred us 29.54% of the enterprise,” the fund head Vitaliy Koval has said. Previously the fund held 68% of the company. Thus, now the volume has reached 97.5%. (Ukrainian metal)
DetailsOn the night of February 24, the second anniversary of the Russian large-scale invasion, Ukraine applied special sanctions on the largest Russian metal plant – NLMK. NLMK produces around 18% of all steel in Russia and is the key asset in the NLMK Group of one of the wealthiest people in Russia – Vladimir Lisin.…
DetailsThe state-owned Oschadbank has put up for sale rights to demand monetary compensation from Motronivskiy Mining and Processing Works LLC, a part of Group DF. The auction will be held on March 13 in the OpenMarket system. The starting price is 612.6 million UAH (without VAT). The works is being constructed. At the first stage,…
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