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In January-June, Kazatomprom increased uranium output by 6% YoY, to 10.8 thousand tons. Sales decreased by 18%, to 7.7 thousand tons. Average price grew by 41%, to $66.22 per pound. (Ukrainian metal)
DetailsUzbekistan and Cassa Depositi and Prestiti (SDP S.p.A, Italian bank) discussed projects in the mining industry, the Ministry of Mining Industry and Geology reported. This topic was discussed during a meeting with representatives of the bank at the ministry. The parties also discussed the possibilities of establishing bilateral mutually beneficial cooperation. Following the meeting, the…
DetailsActing Minister of Natural Resources, Ecology and Technical Supervision Azis Saparaliev visited Kumtor mine. During the visit, Azis Saparaliev inspected the central open pit, familiarized himself with the work of the gold extraction plant and visited the tailing dump. Kubanychbek Turdukozhoev, Vice President for Production at Kumtor Gold Company CJSC, said that currently gold-bearing ore…
DetailsKazakhstan and Congo may cooperate in exploration and development of rare-earth mineral deposits. President Kassym-Jomart Tokayev said this at the meeting with the President of the Republic of Congo Denis Sassou-Nguesso in Akorda. The Head of State noted the importance of boosting cooperation between the two countries is mining sector. “As is known, both countries…
DetailsIn July, Zaporizhstal produced 261.9 thousand tons of pig iron, 250.8 thousand tons of steel and 202 thousand tons of rolled steel. From January to July, 1789.5 thousand tons of hot metal, 1737.1 thousand tons of steel and 1435 thousand tons of rolled products were manufactured. In 2023, Zaporizhstal operated at an average of 70%…
DetailsA new gold bar production plant will be opened in Kara-Balta city in August, Deputy Chairman of the Board of Kyrgyzaltyn OJSC Narynbek Satybaldiev has announced at a press conference. The launch of the plant will be part of the events timed to the 100th anniversary of the formation of the Kara-Kyrgyz Autonomous Region and…
DetailsMotronovskiy Mining and Processing Works, a part of Group DF, has sold its rights to use the Malyshevskoye zirconium-rutile-ilmenite sands deposit in Dniepropetrovsk region. The license dated December 31, 2004 had to be cancelled by the decision of the Council of the National Security and Defence under a case against Dmitry Firtash, but a court…
DetailsKazgeologia and Cove Capital have created a joint venture to prospect for rare-earth metals and elements in Kazakhstan. The Kazakh company will own 25% in the venture and Cove Kaz Capital Group – 75%. The latter is a part of the international investment group Cove Capital that has been investing in mining projects since 2015.…
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