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)
From January to August, AzerGold exported products worth $148 million, an increase of $75 million, or 2.03 times, compared to the same period in 2024. This was reported in the September issue of the “Export Review” of the Center for Analysis of Economic Reforms and Communications. Azerbaijan’s non-oil exports increased by 10.3% over the first…
In October, the Prime Minister Yuliia Svyrydenko will hold meetings in the USA on the extraction of mineral reserves in Ukraine under the agreement to create the Reconstruction Investment Fund. “We have a positive from the economic agreement known as the Minerals Deal. The fund has started operating. We had a big meeting with major…
Diplomats from the Embassy of Uzbekistan in Kazakhstan, together with a delegation from JSC “Uzbek Technological Metals Plant” (TMK), took part in the international investment forum Altai Invest-2025, held in East Kazakhstan region. The forum brought together government officials, business representatives, and investors. The event opened a large exhibition area where around 50 regional enterprises…