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The Commercial Court of Donetsk region on February 6 declared one of the largest enterprises of the temporarily occupied Bakhmut – Non-Ferrous Metals Processing Works – bankrupt and launched liquidation procedures there. The works was founded in 1954 as the state enterprise and was subordinate to the Ministry of Non-Ferrous Metallurgy of the USSR. It…
DetailsIn 2023, Kyrgyzstan exported 20.2 tons of gold for $1,284.3 billion, data of the National Statistical Committee said. Only 290 kilograms of precious metal worth $1.3 million were exported in 2022. Thus, last year, the volume of gold exports increased 69-fold YoY. Switzerland accounted for the main volume of exports of the precious metal —…
DetailsFirst Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan Adylbek Kasymaliev launched a project for underground gold mining at Kumtor mine at the Situational Center of the Presidential Administration, the press service of the Cabinet of Ministers reported. “This method of ore mining will help increase gold production, as well as reduce the negative…
DetailsDespite 2 years of war, Interpipe will raise wages to its employees from March. On average, salary will grow by 20%. Last time Interpipe increased wages was last year. On March 1, 2023, wages grew by 15% on average. Interpipe employs around 10 thousand people. In 2023, the company paid 4.4 billion UAH to the…
DetailsOn February 15, Sukhaya Balka will hold a remote meeting of its shareholders. The enterprise is one of the major mining enterprises of Ukraine. It mines iron ore and consists of the Yubileynaya mine and the Mine named after Frunze. DCH bought the enterprise from Evraz in 2017. (Ukrainian metal)
DetailsThe department of subsoil use of the Far Eastern District will auction two deposits of alluvial gold in Chukotka. The auctions are scheduled for April 1. The deposit at the Shumniy Brook will have the starting price of 6.041 million rubles. Its C1 reserves amount to 86 kg, but require additional prospecting. The starting price…
DetailsIn January, Zabaikalskiy region transported 1.7 million tons of cargo via railroad, up by 16.1% YoY. In particular, coal transportation increased by 9.9%, to 1.06 million tons, iron and manganese ore – 1.6-fold, to 345.4 thousand tons, non-ferrous ore – by 45.7%, to 42.6 thousand tons, and ferrous scrap – by 16.6%, to 6.3 thousand…
DetailsIn 2023, Norilsk Nickel net profit plummeted by 51% YoY, to $2.87 billion. EBITDA dropped by 21%, to $6.9 billion. Revenue fell by 15%, to $14.4 billion. Capex decreased by 29%, to $3 billion due to the weakening of the Russian currency. (Ukrainian metal)
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