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The mining industry accounts for 9.5% of Kyrgyzstan’s GDP, Arkady Rogalsky, a World Bank data consultant, has said. He noted that 41.2% of investment went to the mining sector, which accounted for 56.5% of the country’s industrial output. According to Rogalsky, the Extractive Industries Transparency Initiative (EITI) in Kyrgyzstan dates back to 2004, based on…
DetailsAntimony reserves at the North Aktash deposit totaled 16,758 tons at the beginning of 2025, Deputy Minister of Natural Resources and Subsoil Use Alisher Kurmanaliev announced at the “Dialogue on the Extractive Industry: Investment, Transparency, Development” forum. According to him, the North Aktash deposit is located 3-4 kilometers from Kadamzhay in the Batken region. In…
DetailsKyrgyzstan produces over 20,000 tons of gold annually, according to Deputy Minister of Natural Resources and Subsoil Use Alisher Kurmanaliev. According to him, gold is the main driver of the country’s mining industry. In Kyrgyzstan, 14 mining companies are developing nine primary gold deposits: Kumtor, Makmal, Solton-Sary, Jerooy, Terekkan, Ishtamberdy, Jamgyr, Karakazyk, and Taldy-Bulak Levoberezhny.…
DetailsAll the miners from the DTEK mine in Dnipropetrovsk region attacked by Russian drones have been safely evacuated to the surface. “Non of the miners were injured”, the company said. The large-scale attack occurred on October 19. (Ukrainian Metal)
DetailsThe Indian company Glokal Yevroaziya plans to launch copper mining operations in the Surkhandarya region, the regional administration reports. The head of the regional government, Ulugbek Kasymov, met with the company’s CEO, Iqbal Muhammad, to discuss plans for the development of a deposit in the Uzun district, including the extraction, purification, and processing of copper…
DetailsBaku Steel Company (BSC) is implementing a consistent environmental protection program aimed at increasing green spaces and preserving biodiversity. As part of the latest stage of its environmental initiative, the company planted approximately 3,000 olive trees and Eldar pine seedlings – a rare species listed in the Red Book of Azerbaijan – on a 5-hectare…
DetailsVolnort company has filed a formal complaint with the International Centre for Settlement of Investment Disputes (ICSID), accusing Armenia of illegally interfering in the internal corporate affairs of the Zangezur Copper-Molybdenum Combine (ZCMC), according to Aram Orbelian, managing partner at Concern Dialog Law Firm and a specialist in international law. According to Orbelian, “as a…
DetailsFitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of Navoi Mining and Metallurgical Company (NMGK) at BB with a Stable Outlook. The company’s senior unsecured notes were also affirmed at BB, with a Recovery Rating of RR4. According to Fitch, the rating reflects NMGK’s scale as the world’s fourth-largest gold producer, with an…
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