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President Kassym-Jomart Tokayev has visited Zhezkazgan Copper Smelting Plant of LLP Kazakhmys Smelting. The Head of State surveyed the workshops of the industrial enterprise manufacturing a wide range of products. In December 2018 the plant launched the second ore-furnace, which enabled to increase annual copper production by 100,000 tons and create approximately 600 new jobs.…
DetailsArbitration decision on claim of Stans Energy Corp. must be confirmed in the jurisdictions of the respective countries, center for Judicial Representation of the Government of the Kyrgyz Republic reported. According to the center, the decision does not mean that the Kyrgyz side will automatically pay the arbitration amount. It must still be confirmed in…
DetailsThe Armenian National Congress (HAK), an extra-parliamentary political party led by the first President of Armenia Levon Ter-Petrosyan, will convene a special session of its board regarding the Amulsar gold mine. HAK Vice-President Aram Manukyan said at a press conference they were convening the meeting to decide their stance over the matter. “We are studying…
DetailsOn August 21 Ukrzaliznytsia (Ukrainian Railways) sold six batches of scrap valued at 34.6 million UAH. The scrap was sold at the Prozorro Sale auctions. Energosteel purchased 2.6 thousand tons of scrap for 15.4 million UAH. Dneprostal bought 1.6 thousand tons of axle scrap for 9.2 million UAH, as well as 0.155 thousand tons of…
DetailsEvraz ZSMK has mastered the manufacture of continuous cast billet with the sizes of 130×130 mm. In order to be able to produce such billets, additional equipment was assembled at the continuous casting machine. The company also produces 150×150 and 150×200 mm billets. The new product will be exported to the South-Eastern Asia, South and…
DetailsZangezur Copper-Molybdenum Works retained the leader position in the list of the major taxpayers having paid 29.5 billion drams in January-June, including 837.1 million drums of customs duties, 17 billion drams of direct taxes (income and profit tax), as well as 839.7 million drams of other taxes (VAT, excise tax, etc.). The 5 major taxpayers…
DetailsPresident Shavkat Mirzieyev has reviewed the construction project of a metal plant on the basis of the Tebinbulak deposit in Karakapakstan. The reserves of the deposit are estimated at 1.1 billion tons. It is planned to mine 33 million tons of ore there and produce 1.5 million tons of iron per year. The capacity of…
DetailsIn January-June the net profit of Rusal totaled $625 million, not $558 million as reported previously. The company has recalculated the H1 financial figures. Thus, profit decreased by 34% YoY. In Q2 net profit totaled $352 million, not $285 million, up by 28.9% QoQ. (Ukrainian metal)
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