The Agency for Management of State Assets of Uzbekistan (AUGA) has announced the launch of public bidding for the government’s shareholding in Shargunkumir JSC, one of the country’s leading coalmining enterprises. A 99.55% stake in the company is being offered for sale, with Alkes Research appointed as the privatization advisor. The firm previously supported the…
From January to September, Azerbaijan imported $8.254 million worth of mining products from Turkey, a 19.7% decrease compared to the same period last year. In September alone, Turkey exported $1.097 million worth of mining products to Azerbaijan, a 45.4% decrease compared to the previous year. Over the first nine months of the year, the total…
In Uzbekistan, the production volume of metallurgical goods reached 141.5 trillion sums over the first eight months of 2025, according to the National Statistics Committee. Compared to the same period last year, output in the metallurgical industry increased by 2.2%. The metallurgical sector accounted for 21.4% of the country’s total industrial production, remaining one of…
Roman Khudolin, General Director of the Zangezur Copper-Molybdenum Combine (ZCMC), stated at a mining forum that Armenia was facing a serious threat of depleting its mineral reserves. “As the head of the largest investor and mining giant, I’m concerned about Armenia’s mineral reserves. Until 2038, very few mining companies will remain active, and the rest…
A delegation from JSC “Uzbek Technological Metals Combine” (UzTMK) under the Ministry of Mining and Geology visited the Massachusetts Institute of Technology (MIT), which had held a leading position in global educational rankings for the past ten years. During the visit, UzTMK representatives, together with the University of Business and Science (Uzbekistan), met with MIT…
Gedik Kaynak, a resident of the Neftchala Industrial District, has exported its second batch of electrode products, 100 tons, to Turkmenistan. The first batch of the same volume was shipped to the country several days ago. The company plans to gradually ship a total of 600 tons of electrodes to Turkmenistan. Gedik Kaynak Director Taleh…
According to the World Gold Council, global gold production in 2024 was 3.7 thousand tons – only 0.6% more than in the previous year. China leads the world in gold production, accounting for 10.4%, or 380.2 tons. Significant volumes were also produced in Russia (330 tons), Australia (284 tons), and Canada (202.1 tons). The top…
Azerbaijan exported $210.7 million worth of gold from January to August, up 2.2-fold YoY. This was reported in the September edition of the “Export Review” published by the Center for Analysis of Economic Reforms and Communications. In August alone, Azerbaijan exported $31.9 million worth of gold (+49.5%). (Report)