Kazakhstan: country takes steps towards transparency in mining industry

Kazakhstan is implementing new measures in mining and geological exploration to enhance transparency in the mining sector. A meeting has been held between the President of Kazakhstan Kassym-Jomart Tokayev and the Chairperson of the Extractive Industries Transparency Initiative (EITI) Helen Clark. During the conversation, Kassym-Jomart Tokayev emphasized that since joining the organization in 2007, Kazakhstan…

Ukraine: ferroalloys exports down in January-November 2024

In January-November, Ukraine decreased ferroalloys exports 4.7-fold YoY, to 72.446 thousand tons. According to the State Customs Service, revenue decreased 3.5-fold, to $83.97 million. Ferroalloys were exported to Poland (26.97% in monetary terms), Turkiye (22.72%) and Italy (18.37%). Over 11 months, Ukraine imported 79.299 thousand tons of ferroalloys valued at $134.88 million, up from 7.819…

Uzbekistan: sanctions against Gazprombank threaten expansion of copper mine

The U.S. Treasury Department’s decision to impose sanctions on Gazprombank poses a potential major challenge to Uzbekistan’s growing mining industry, which has relied on the Russian bank for financing the expansion of the $4.8-billion copper mine project, expected to nearly double the country’s copper production. With Gazprombank now excluded from the international payment system, Uzbekistan…