Yevgeny Antonov, First Deputy General Director of Navoi Mining and Metallurgical Company (NGMK), commented on the potential initial public offering (IPO) of the company during a conference organized by Fitch Ratings. According to Antonov, the decision to conduct an IPO lies with the shareholder – the state – which currently owns 100% of the company.…
The state-owned company Kyrgyzaltyn has taken full control of the assets of the former Kara-Balta Mining Plant. The main decision was the acquisition of 100% of the share in Kara-Balta Mining Company LLC, created on the basis of the restructured assets of the Kara-Balta Mining Plant. The cost of the transaction was 322.9 million soms.…
Kazakhstan’s Industry and Construction Minister signed an order as of April 15, banning the export of ferrous and non-ferrous waste and scrap. A six-month ban, which is set to take effect starting from April 29, applies to waste and scarp from copper, aluminum, lead, lead and lead-acid batteries by all means of transportation. The ban…