On March 14, Deputy Minister of Investments, Industry and Trade Ilzat Kasymov held a meeting with Song Liping, the CEO of Limaomaoli Metal Company. The company is implementing a project to develop the Syurenota iron ore deposit in the Tashkent region. During the negotiations, the parties discussed the progress of the project, key challenges faced…
In January-February, Almalyk Mining and Processing Works exceeded output by 11.3% from the forecast. Increase in copper cathodes production reached 2.4%, with own raw materials – 24.2% and zinc of own raw materials – 4.1%. Polymetallic ore output target was reached in full, while its processing exceeded it by 0.1% and zinc content in concentrate…
Kumtor Gold Company CJSC has purchased two DR410i drill rigs to replace the older DR460 series drill rigs. The new iSeries rigs from Sandvik Mining and Rock Technology have demonstrated an unconditional advantage in terms of reliability, durability and low operating costs. The Sandvik DR410i rigs, equipped with an extended mast, can drill holes up…
On the eve of the state visit of the President of Uzbekistan to France, a tripartite agreement was signed in Paris between the French company Orano Mining, the Japanese corporation ITOCHU and Uzbekistan’s Navoiyuran state enterprise. The agreement aims to launch uranium production at the Jongeldi deposit in Tomdi district of Navoi region until the…
Kyrgyzstan’s largest domestic gold mining company, Kyrgyzaltyn, plans to launch two industrial projects in 2025. “Currently, a gold extraction plant is being built at the Solton Sary deposit in Naryn region in partnership with Indian collaborators. Once operational, the facility will create at least 400 new jobs,” the company’s statement said. Additionally, Kyrgyzaltyn is planning…
In 2024, the private joint stock company “Ukrstal Dnepr Metal Structures Works” decreased net profit 9.7-fold YoY, to 7.342 million UAH. At its shareholder meeting scheduled for April 7, the company plans to suggest spending the net profit to be spent to cover losses of previous years. The company is the successor of the “Dnipropetrovsk…
Following the auctions for subsoil use rights held in 2024, the total amount of budget revenues amounted to more than 5.7 billion tenge, the Ministry of Industry and Construction said. According to the ministry, the following investors came to Kazakhstan: – Rio Tinto Mining and Exploration Limited, Skyfall LTD, Pallas Resources Limited , Нidden Owl…
Kyrgyzstan’s businessman Nikolai Korobovsky was detained in Moscow on March 10, a source in law enforcement agencies reported. Russia’s Investigative Committee charges him with large-scale fraud. According to the source, a criminal case was initiated on December 28, 2024 following a complaint from Korobovsky’s business partner. “He was detained upon arrival in Moscow from Bishkek.…