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Net profit of Navoi Mining and Metallurgical Company (NGMK) reached $3.5 billion in 2025, marking a 64% increase compared to $2.1 billion in 2024. The company’s revenue rose by 46.4%, to $10.8 billion, while operating profit grew by 58%, to $6.2 billion, up from $3.9 billion a year earlier. As of year-end, total assets stood…
DetailsThe Ukrainian government is in dialogue with the European Union on maintaining the current conditions for access of Ukrainian metallurgical products to the EU market, Deputy Prime Minister for European Integration of Ukraine Taras Kachka has said during the Forbes Ukraine Exporters Summit. The EU plans to strengthen protection of the domestic market from steel…
DetailsOn March 26, Uzbekistan’s Deputy Minister of Mining and Geology, Ural Yusupov, held a meeting with Cauldron Energy’s CEO, Jonothon Fisher. During the talks, the deputy minister provided a detailed overview of the current state of Uzbekistan’s mining sector and the key reforms being implemented in the industry. Special attention was given to the new…
DetailsInterpipe, a leading global producer of steel pipes and railway products, supplied 186 tons of steel casing pipes for a unique geothermally-heated mega-greenhouse project covering 18 ha in the East Styrian Basin, Austria. The project encompasses drilling of the two deviated deep wells of 3,278.5 m and 3,300 m in the East Styrian Basin southeast…
DetailsThe Chairman of the State Tax Service of Kyrgyzstan, Almambet Shykmamatov, held a working meeting with the management of SICPA SA, a Swiss technology company specializing in the development of security solutions and product traceability systems. The meeting was attended by Philippe Amon, Chairman of the Board of Directors and CEO of SICPA SA; Jean-Philippe…
DetailsOn March 24, Bobir Islamov, Minister of Mining and Geology of Uzbekistan, met with representatives from Tajikistan, led by Sherali Kabir, Minister of Industry and New Technologies. The parties discussed the current state and prospects for bilateral cooperation in the mining, metallurgical, and broader industrial sectors. Special attention was given to strengthening collaboration between industry-specific…
DetailsThe Zhytomyr Regional Prosecutor’s Office reported that the court satisfied the claim of the head of the Korostyshiv District Prosecutor’s Office in the interests of the state against Valki-Ilmenit LLC for the recovery of over 6 million UAH of land rent debt. Presumably, this refers to the decision of the Commercial Court of Zhytomyr Region…
DetailsOn March 24, ahead of the expected state visit of the President of Tajikistan to Uzbekistan, JSC Uzmetkombinat and the Tajik Metallurgical Plant signed a memorandum on strategic cooperation. The document provides for the development of a long-term partnership in the supply of raw materials. In particular, starting from the third quarter of 2027, Uzmetkombinat…
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