Kazakhstan plans to double its copper ore output until 2030. This was said by Deputy Minister of Industry and Construction Olzhas Saparbekov at the July 22 government meeting. Speaking at the meeting, Saparbekov said: “The copper ore output will be doubled to up to 300 million tons thanks to three new major deposits Aidarly, Koksai…
The Kyrgyz-Mongolian Business Forum was held in Bishkek, the National Investment Agency of the Kyrgyz Republic reported. According to it, agreements were signed, including an agency agreement between Kyrgyzaltyn OJSC and the Central Bank of Mongolia. The parties agreed to process gold-containing raw materials in the form of Dore alloy with subsequent sale. A Memorandum…
Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of JSC Almalyk Mining and Metallurgical Complex (AMMC) to BB from BB- with a Stable Outlook. The decision followed Fitch’s upgrade of Uzbekistan’s sovereign rating. The plant was evaluated based on the agency’s criteria for government-related entities (GRE), with high marks given for its economic…
Gold from Kyrgyzstan was sold to Malaysia for the first time, materials of the National Statistical Committee showed. According to its data, 50 kilograms of Kyrgyz precious metal were sold to this country for the first time. In the first five months of 2025, gold from Kyrgyzstan was exported to Great Britain, Switzerland and Turkey.…
Deputy Minister of Natural Resources, Ecology and Technical Supervision of Kyrgyzstan Marat Zhusupbekov made a working visit to Ishtamberdy deposit developed by Full Gold Mining. The goal was to check compliance with environmental and mining regulations, the press service of the ministry reported. During the inspection, specialists recorded serious violations of sanitary and environmental requirements:…
Vice Prime Minister – Minister of National Economy Serik Zhumangarin has chaired a meeting of the operational headquarters on ensuring the country’s economic growth. Metallurgy remains the main driver of Kazakhstan’s processing industry, accounting for 40.1%. To keep high paces of growth in metallurgy is an uneasy task. In 2024, the sector demonstrated an unprecedented…
Kyrgyzkomur state enterprise received 21 licenses for the development and exploration of coal deposits, four of which were in active operation, the Ministry of Energy of Kyrgyzstan reported. According to its data, among them are the deposits Zagara-2 and Urmizan-3, located in the southern region of the country. Geological exploration and design work is currently…
On July 16, Ukrzaliznytsia posted 19 lots with ferrous scrap on the Prozorro.Sales site. The company offers 7.79 thousand tons of scrap with the combined starting price of 57.8 million UAH. The auctions are scheduled for July 24. The average price of scrap is 7.36 thousand UAH per ton. (Ukrainian metal)