The losses of the state-owned company “Mini Maritsa-Istok” are escalating at an alarming rate due to decreased operations and a decline in coal sales, according to a report on the company’s performance in the second quarter of 2024. From January to June, the company generated 116 million leva in operating income, a significant drop from…
Poland has been ordered by an arbitration tribunal to pay GBP 252 million (1.3 billion zloty, EUR 300 million) in compensation to the Australian mining firm GreenX Metals for violating international treaties with regard to a failed coalmine project. The firm announced its successful claim on October 8, with lawyers declaring it a victory against…
Uzbekistan produced 4.3 million tons of coal from January through August. Coal production increased by 16.2% YoY. The country’s coal production reached 900,000 tons in August, up from 800,000 tons in July. (Trend)
Development of Urmezan-3 coal deposit has begun in Batken district of Batken region, the press service of Kyrgyzkomur state enterprise reports. The cost of the project is $3 million. The state company is engaged in coal mining in order to provide the region’s population with low-cost coal. At least 26 people are employed at the…
3,483.7 thousand tons of coal were mined by large enterprises in Uzbekistan in January-July. This production volume increased by 12.4% compared to the corresponding period of 2023. In July, 844.7 thousand tons of coal were mined by large enterprises. (Statistics Agency)
The Cabinet of Ministers of Kyrgyzstan intends to impose a temporary ban on the export of coal by road. The corresponding draft document was published on the Single Portal for Public Discussion of Draft Regulatory Legal Acts of the Kyrgyz Republic and submitted for public discussion. The draft resolution states: to impose a temporary ban…
On August 27, the State Property Registry will hold an online auction to sell 23 deposits. The auction had to be held on August 12, but was postponed due to technical reasons. The following deposits will be auctioned: Bogembai (coal), Uzynmurt (polymetals), Tursun-Tore (gold). Vostochno-Kozyrevskoye (bauxites), Yesymzhal (manganese) and Alpys (gold, cadmium, copper, lead, silver…
The Cabinet of Ministers has allowed the export of coal in the volume of more than 1 million tons until the end of the year. With its decision, the Cabinet has made amendments to its decree No. 1402 dated December 27, 2023. In particular, the zero quotation for the export of coal has been replaced…