Acting Minister of Natural Resources, Ecology and Technical Supervision Azis Saparaliev visited Kumtor mine. During the visit, Azis Saparaliev inspected the central open pit, familiarized himself with the work of the gold extraction plant and visited the tailing dump. Kubanychbek Turdukozhoev, Vice President for Production at Kumtor Gold Company CJSC, said that currently gold-bearing ore…
Kazakhstan and Congo may cooperate in exploration and development of rare-earth mineral deposits. President Kassym-Jomart Tokayev said this at the meeting with the President of the Republic of Congo Denis Sassou-Nguesso in Akorda. The Head of State noted the importance of boosting cooperation between the two countries is mining sector. “As is known, both countries…
In July, Zaporizhstal produced 261.9 thousand tons of pig iron, 250.8 thousand tons of steel and 202 thousand tons of rolled steel. From January to July, 1789.5 thousand tons of hot metal, 1737.1 thousand tons of steel and 1435 thousand tons of rolled products were manufactured. In 2023, Zaporizhstal operated at an average of 70%…
A new gold bar production plant will be opened in Kara-Balta city in August, Deputy Chairman of the Board of Kyrgyzaltyn OJSC Narynbek Satybaldiev has announced at a press conference. The launch of the plant will be part of the events timed to the 100th anniversary of the formation of the Kara-Kyrgyz Autonomous Region and…
Motronovskiy Mining and Processing Works, a part of Group DF, has sold its rights to use the Malyshevskoye zirconium-rutile-ilmenite sands deposit in Dniepropetrovsk region. The license dated December 31, 2004 had to be cancelled by the decision of the Council of the National Security and Defence under a case against Dmitry Firtash, but a court…
Kazgeologia and Cove Capital have created a joint venture to prospect for rare-earth metals and elements in Kazakhstan. The Kazakh company will own 25% in the venture and Cove Kaz Capital Group – 75%. The latter is a part of the international investment group Cove Capital that has been investing in mining projects since 2015.…
In honour of Ukraine’s Metallurgical and Mining Industry Workers’ Day, Zaporizhstal metallurgists received honorary awards and prizes. Due to the challenging security situation in the region, the awards were given out at workplaces without any formal ceremonies. Yuriy Ryzhenkov, CEO of Metinvest Group, personally awarded the company’s highest honour, the Gold Star of Metinvest, to…
In 2023, Dniprovsky Iron and Steel Works received a net profit of 504.591 million UAH, up from 4.225 million UAH a year earlier. According to the agenda of the extraordinary meeting of shareholders scheduled for August 29 to be held remotely, 454.601 million UAH of the 2023 profit is suggested to be spent to cover…