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Uzbekistan is preparing to open Copper Processing Plant-3 (CPP-3) at the Almalyk Mining and Metallurgical Complex (Almalyk GMK) as part of the development of the “Yoshlyk I” deposit. President Shavkat Mirziyoyev announced this on September 24 during a meeting with scholarship recipients of the “El-Yurt Umidi” Foundation in New York. The President noted that copper…
DetailsLondon-listed uranium investment company Yellow Cake plc has successfully raised approximately $175 million through the placement of 22.98 million new ordinary shares. The offering, initially expected to bring in around $125 million, was upsized due to strong institutional investor demand. Shares were priced at GBP 5.64 each. According to Yellow Cake Chief Executive Officer Andre…
DetailsBritish company Anglo Asian Mining (AAM) reported revenue from gold mining in Azerbaijan totaling $40.9 million in the first half of 2025, a 3.1-fold increase from January-June 2024. AAM noted that the revenue growth was due to the continuous operation of all processing facilities throughout the period, which ensured higher production volumes and higher commodity…
DetailsBulgaria and the United States formalized a new partnership in the field of rare earth metals, following the signing of a Memorandum of Understanding between Bulgarian Energy Holding (BEH) and the University of North Dakota (UND). Prime Minister Rosen Zhelyazkov described the agreement as a milestone not only for Bulgaria’s mining sector but also for…
DetailsAzerGold plans to produce just over 71,000 ounces of gold until the end of this year, the company’s Chairman of the Board, Zakir Ibrahimov has announced. According to him, production is ahead of schedule. Ibrahimov added that silver was mined as a supplementary product, and its production would exceed forecasts, reaching over 100,000 ounces. (Report)
DetailsThe National Asset Recovery and Management Agency (ARMA) has launched a competition to select a manager for corporate rights and property of two enterprises specializing in the extraction of secondary kaolins. Competitions are held through the Prozorro system. The following are offered for management: – 3 packages of corporate rights of Kirovograd Mining and Mineral…
DetailsUzbekistan significantly increased its gold exports from January to August. According to the National Statistics Committee, the volume of gold shipments abroad reached $8.42 billion, up by 68.9% YoY. Gold’s share in the country’s export structure rose to 36.7% from 28.5% in January-August 2024, underscoring the continuing central role of the precious metal in Uzbekistan’s…
DetailsPresident Kassym-Jomart Tokayev, currently on a working visit to New York, took part in a roundtable discussion with representatives of American businesses. The President noted the need to explore new opportunities in the field of geological exploration, expand existing projects, as well as in uranium mining and processing. Kazakhstan supplies about 40% of the global…
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