Prime Minister of Kazakhstan Olzhas Bektenov gave instructions on development of geological exploration in the country at a government session on December 3. In his speech, Bektenov recalled the President’s task to increase the area covered with geological exploration from 1.5 to 2.2 million square km before 2026. “Now, the area covered with geological exploration…
In 2025, the Navoi Mining and Metallurgical Company (NMMK) plans to issue eurobonds worth $500 million. In 2024, NMMK successfully placed eurobonds on the international market, raising $1 billion. These bonds were listed on the London Stock Exchange in October. According to Fitch Ratings, the bond issuance is an important step in implementing NMMK’s strategic…
Kazakhstan’s mineral resource base includes 987 reserves of solid minerals, the industry and construction minister Kanat Sharlapaev has said during a government meeting. According to Sharlapaev, Kazakhstan has observed growth in iron, manganese, gold, uranium, oil and gas reserves in the past 30 years. “However, the rate of replenishing copper, zinc, lead and aluminum reserves…
According to the Statistics Agency, in Uzbekistan gold accounts for 29.5% of all export revenue. In January-October, Uzbekistan exported $6.626 billion worth of gold, down by 3.5% YoY. As a whole, during this period Uzbekistan exported goods for $22.44 billion. (Ukrainian metal)
Ukrzaliznytsia hopes to start selling scrap soon. “Everything has been approved with the Ministry of Regional Development and the Ministry of Finances. So I think that soon everything will be unfrozen,” the company chairman of the board Olexander Pertsovskiy said. The enterprise suspended cutting metal due to impossibility to sell scrap. “We have a lot…
The average monthly salary of mining industry workers in Azerbaijan reached 3,572 manats ($2,100) in the period from January through October. The data from the State Statistics Committee showed that this was 192.2 manats ($113, 5.84%) more than in the same period last year. The wages of public sector employees in this sphere have increased…
Prime Minister Olzhas Bektenov has visited metallurgical enterprise of Astana. The head of the government checked the process of fulfillment of the President’s instructions on diversification of economy and implementation of investment projects. In particular, he visited the LLP Tau-Ken Altyn gold refinery specializing in purification of gold from other metals, substances and alloys. Since…
Revenues of Kumtor, the largest gold mining enterprise of Kyrgyzstan, after its transfer under the state management amounted to $1,174 billion in net profit, the Chairman of the Board of the Association of Miners and Geologists of the Kyrgyz Republic Duishenbek Kamchybekov said. The expert recalled that the foreign company over more than 20 years…