Kazakhstan: U.S. investor to inject $1.1 billion into Karaganda region mining projects

Kazakh Minister of Industry and Construction Yersaiyn Nagaspayev met with Dominic Heaton, CEO of Cove Kaz Capital Group LLC. Nariman Absametov, Chairman of the Management at Tau-Ken Samruk, also participated in the talks. At the meeting, the parties discussed the current status and prospects of bilateral cooperation in the mining sector. They highlighted the strategic…

Ukraine: Zaporizhstal scale up veterans’ water rehabilitation program “Free Waves” in Zaporizhzhia

Metinvest Group and Zaporizhstal Combine will implement the “Free Waves” psychophysiological rehabilitation project for veterans and active military personnel in the region starting in 2024. In Zaporizhzhia, almost 300 defenders have already joined the program and undergone rehabilitation using a unique water rehabilitation method created by Olympic medalist Denis Sylantyev. In 2026, Metinvest will scale…

Uzbekistan: Almalyk improves position in Sustainable Fitch rating

International rating agency Sustainable Fitch has affirmed the sustainability rating (Entity Rating) of Almalyk Mining and Metallurgical Complex JSC at level “3” while raising the company’s overall entity score from 56 to 59 points. The rating decision reflects the company’s systematic efforts to improve its sustainable development strategy, as well as progress achieved in environmental,…