Kazakh Prime Minister Olzhas Bektenov has held a meeting with Liu Yongxing, founder and CEO of East Hope Group. The parties discussed the prospects for the project of creating a vertically integrated industrial park in Kazakhstan. The park will specialize in ferrous metals production based on circular economy principle. The goal of the project is…
The state enterprise Navoiyuran has announced its preparations for the first issuance of eurobonds with a volume of up to $300 million. According to the company’s press service, the placement will be organized with the participation of a consortium of international underwriting banks – Citigroup, Abu Dhabi Commercial Bank (ADCB) and Natixis. Ahead of the…
During discussions on Armenia’s 2024 state budget execution in the National Assembly, Minister of Economy Gevorg Papoyan reported that in 2024, gold re-exports accounted for nearly 50% of the country’s total exports. Responding to a question from Armenia bloc MP Tadevos Avetisyan, Papoyan clarified that total exports in 2023 stood at $8.5 billion, or $6.8…
In Kirovograd region, situation at the Vostochniy Mining and Processing Works mines is getting critical, the chairman of the Independent Miners’ Union of Ukraine Mikhail Volynets has said. According to him, due to the cut of electricity by Ukrenergo, the operation of the ventilation and water pumping at the mines stopped, in particular, at the…
Kazakhstan is among the top ten countries with the largest coal reserves in the world, according to the Ministry of Industry and Construction. “Today, we have 33.6 billion tons of coal reserves. This is data obtained during geological exploration. Kazakhstan is among the top ten countries in the world in terms of coal reserves. Our…
The EU Council has extended the preferential trade regime for Ukraine’s iron and steel products beyond June 6. This decision aims to support the Ukrainian economy, which has suffered significant losses due to the armed aggression of the russian federation. “The extension of the preferential regime for Ukrainian steel and iron by the EU is…
Interpipe is expanding its presence on the European market by supplying pipes for specialized projects, in particular, it has started supplying pipes for salt mines in Italy. One of the specialized projects is being carried out in the Pisa province. For the project the company has started supplying casing pipes with the diameter of 127…
Over the past 10 years, gold-bearing ore production in Kazakhstan has increased 2.2-fold, Vice Minister of Industry and Construction Iran Sharkhan has said. “Metals are more than just commodities – they are tools of economic and political influence. In the face of intensifying global competition, Kazakhstan remains a pillar of stability, neutrality and predictability,” said…