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Anglo Asian Mining PLC (AIM) company expects higher production of precious metals at the new Gilar deposit in Azerbaijan. According to the company, new drill results at the deposit confirm this expectation. AIM stressed that continuous gold and copper mineralization was expected to be extended up to 68 meters compared to previous drilling. Besides, according…
DetailsIn February, the Navoi Mining and Processing Works’ group of specialists visited South Korea to get to know the activities of major manufacturing and hi-tech companies. In particular, the specialists have visited PNT INC, which is producing machinery to manufacture copper foil. Following negotiations, a memorandum of cooperation in manufacture of copper foil at NGMK…
DetailsMetinvest has resumed work at the Severniy Mining and Processing Works and Ingulets Mining and Processing Works that have been idle since summer of 2022. Thus, all three Metinvest GOKs in Kryvyi Rih, including Central GOK, are operating now. The operation of the two GOKs was suspended in order to minimize iron ore products stocks.…
DetailsIn January, Ukraine exported 2.066 thousand tons of titanium-containing ores, down 10.99-fold YoY. According to the State Customs Service, in monetary terms exports have dropped 3.5-fold, to $3.308 million, The main customers were Japan (72.22% in monetary terms), Egypt (13.94%) and Turkey (11.03%). Ukraine did not import titanium ore last month. (Ukrainian metal)
DetailsSamruk-Energy JSC, the largest Kazakh energy holding, plans to apply a new technology for coal mining, a source at the company has reported. According to the company, Bogatyr Coal, the coal mining company within Samruk-Energy, produced 42.4 million tons of coal in 2022. “The volume of coal sold in 2022 amounted to 42.4 million tons,…
DetailsIn January, Ukraine procured 60.5 thousand tons of metal scrap, down by 75.6% YoY. According to the UAVtormet Association, scrap deliveries to metal plants amounted to 49.4 thousand tons, down from 226 thousand tons last year. Scrap stocks at metal plants as of early February totaled 20-25 thousand tons, up from 10-15 thousand tons in…
DetailsIn January, Ukraine exported $165.69 million worth of ferrous metals, down 6.2-fold YoY. According to the State Customs Service, ferrous metals accounted for 5.29% of export revenue, down from 17.01% last year. Imports dropped by 50%, to $68.59 million. Metal wares exports in January decreased by 48.8%, to $62.13 million, and imports by 35.2%, to…
DetailsIn 2022, Ukraine exported 157.55 thousand tons of pig iron to Turkey, down by 46.7% YoY. In December 2022, exports totaled 9.4 thousand tons, up by 28.4% YoY, but down by 38.2% MoM. The drop is due to the Russian invasion of Ukraine and the blockade of seaports. (Ukrainian metal)
DetailsIn 2022, Kryvyi Rih enterprises of Metinvest paid 9.2 billion UAH to the state and local budgets. Income tax amounted to 2.67 billion UAH, single social contribution – 1.31 billion UAH and personal income tax – 1.12 billion UAH. Despite the martial law, the enterprises increased subsoil rent payment to 3.1 billion UAH and land…
DetailsDespite the war, from March 1 Interpipe will increase wages of its employees on average by 15%. The decision will cover all employees in Dnipro, Nikopol and Novomoskovsk. According to CEO Andrei Korotkov, for almost a year the company has been living and operating in the conditions of a full-scale war and has experienced considerable…
DetailsIn 2022, Tajikistan produced 62 thousand tons of primary aluminum, up by 2.5% YoY. According to the minister of economic development and trade Zavki Zavkizoda, 51 thousand tons valued at $140 million were exported, up by 3.6%. The forecast for the output last year was 80 thousand tons and exports – 50 thousand tons. This…
DetailsIn 2022, visible demand for steel in Poland totaled 11.3 million tons, down by 2 million tons YoY. According to the Polish Steel Distributors Union (PUDS), the steel market was severely hit by the Russian invasion of Ukraine. The negative trend will continue this year. Steel output in 2022 dropped by 10%, to 7.5 million…
DetailsSolar plants in Latvia will be constructed using metal structures manufactured by KNESS in Vinnytsia. “In Vinnytsia KNESS has relaunched manufacture of metal structures to fasten photovoltaic modules. Solar plants in Latvia will be built on Ukrainian metal structures,” the Vinnystia deputy mayor Andrii Ocheretniy has said on Facebook. KNESS provides jobs to around 400…
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