The governor of Kazakhstan’s Abay region signed an agreement with the Chinese company Xinjiang Sanbao Industrial Group to build an electrolytic aluminum smelter, regional authorities announced. The total investment in the project, which includes the construction of a 1 GW wind farm to power the smelter, will be $1.5 billion. The smelter is expected to…
Pakistan’s steel company Pak Steel is considering an investment project to produce rebar and other steel products in Uzbekistan. The prospects for the joint project were discussed by Uzbekistan’s Ambassador to Islamabad Alisher Tukhtaev and Pak Steel Director Hassan Farid. According to Hassan Farid, high electricity costs in Pakistan are negatively affecting production costs and…
Kyrgyzaltyn OJSC Chairman of the Management Board Kubat Abdraimov visited Togolok gold deposit on a working trip, where he reviewed the progress of mining operations, geological exploration and infrastructure construction. According to the company, Abdraimov held an on-site meeting at the open pit with the management of Kumtor Gold Company and its subsidiary Kumtor Operating…
Armenian Economy Minister Gevorg Papoyan said after a government meeting that aluminum foil had been exported from Armenia to Azerbaijan. The minister could not recall how many tons had been exported. He promised to provide the information later. When asked whether other goods were also expected to be exported from Armenia to Azerbaijan, the minister…
Over the past 10 years, AzerGold CJSC has discovered two new gold deposits, commissioned four gold mines and one regional industrial complex, and established new business lines, significantly expanding the company’s mining, production, and revenue capabilities. AzerGold Chairman of the Board Zakir Ibrahimov made this statement at a press conference. According to him, as a…
On September 18, an important event took place at the Almalyk Mining and Metallurgical Plant, aimed at further expanding the company’s international relations and strengthening its position in the global copper market. A delegation from the International Copper Association (ICA), led by President and CEO Juan Ignacio Diaz, paid an official visit to the plant.…
President Ilham Aliyev amended the order dated February 22, 2021, approving the composition of the Supervisory Board of AzerGold CJSC. The head of state signed a new order in this regard. According to the order, Mehman Ismayilov, head of the Ministry of Finance’s Investment Projects and Infrastructure Financing Department, has been replaced on the Supervisory…
Kazakhstan’s Yonggang Central Asia Iron and Steel (a subsidiary of China’s Fujian Hengwang Investment) plans to build a steel plant in the Jibek Joly Free Economic Zone (SEZ) in Kazakhstan’s Zhambyl region. The expected investment volume is 473 billion tenge ($1.05 billion). The plant’s capacity will be up to 3 million tons of steel per…