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A document about revocation of a license for exploration of uranium in Issyk-Kul region was posted on the Internet. Users asked why the official letter was printed on crumpled paper and had no stamp. The document is dated April 27. The First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov, however, announced the revocation of the…
DetailsPresident of Kazakhstan Kassym-Jomart Tokayev puts high hopes on construction of the second phase of Pavlodar-based Electrolysis Plant. “This project will enable us to attract 150 billion tenge of investments till 2023 and aluminum production will rise 2-fold,” Kassym-Jomart Tokayev said at the meeting with the staff of the plant. In his words, up to…
DetailsUkraine is investigating whether a charitable foundation set up primarily to coordinate London-listed Ferrexpo Plc’s philanthropic activities was used to launder money and evade taxes. Officials of Blooming Land Charitable Foundation abused their powers to seek “illicit benefits”, damaging state interests, a Ukraine prosecutor said in a court filing in Kyiv in February. Blooming Land…
DetailsIn January-March, Ukrzaliznytsia (Ukrainian Railways) increased metal cargo transportation by 0.4% YoY, to 24.1 million tons. In particular, transportation of scrap dropped by 27.9%, to 500 thousand tons, of ferrous metals – by 5.4%, to 5 million tons, and coke – by 10.6%, to 1.1 million tons. At the same time, transportation of iron and…
DetailsAt least 29,286 people have signed a petition against a project on development of Tash-Bulak field in Issyk-Kul region in a week. The collection of signatures continues. The author of the petition is Alena Khomenko. She invited everyone to sign the online petition. In just a couple of days, 15,000 people signed the online document.…
DetailsIn 2018 Ukrainian Mining and Metallurgical Company decreased net income by 44.6% YoY, to 1.736 billion UAH. Last year the company received a net loss of 102.747 million UAH as opposed to 149.255 million UAH of net profit in 2017. The decrease in financial indexes is caused by a long-term decrease of rolled metal price…
DetailsSeverstal and the Luxembourg pipe manufacturer Tenaris have applied to the European Commission to approve a deal to create a joint venture. The new company will produce seamless pipes for the oil industry in the town of Surgut. The JV has been registered in Singapore. The share of Severstal will be 51%, and of Tenaris…
DetailsIn January-March, Kaz Minerals produced 70 thousand tons of copper, up by 4% YoY. This year the output is expected to total 300 thousand tons. Aktogay produced 36.7 thousand tons of copper, with 130-140 thousand tons to be produced this year. Sulfide copper manufacture grew by 6% QoQ, to 31 thousand tons, and by 47%…
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