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Dependence on Kumtor is a big mistake of the past governments of Kyrgyzstan, Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev stated at a meeting of the Parliament on April 24. According to him, Kumtor has been playing a historical role in the development of the country’s economy for 20 years. “Government thinks about a harm when…
DetailsRussian aluminum giant UC RUSAL wants to buy one of Gazprom Energoholding’s hydropower plants in the Murmansk region in an attempt to reduce the cost of power supplied to its low margin aluminum plant in the town of Kandalaksha. RUSAL CEO Yevgeny Nikitin sent a letter to the region’s governor Andrei Chibis with a proposal…
DetailsAt least 23,256 people have signed the petition against a project on development of uranium deposit in Issyk-Kul region according to data as of April 23. Collection of signatures continues. Last weekend, social network users began collecting signatures against the project on development of Tash-Bulak uranium deposit. The author of the petition was Alena Khomenko.…
DetailsIn the first quarter of this year, the production of crude steel in Kazakhstan decreased by 2.7% YoY, to 1.1 million tons. Karaganda region provided 965,000 tons or 85% of the total production, down by 3.7%. Within a general decline in the production of crude steel, the production of unalloyed steel decreased by 2.7%, while…
DetailsIn 2018 Khabarovsk region yielded 24.8 tons of gold, up by 7% YoY. Tin output grew 1.5-fold, to 1.5 thousand tons. Mining companies paid 6.97 billion rubles of taxes to the regional budget, up by 9%. Investments in the industry totaled 22.2 billion rubles. This year the region intends to produce 24.9 tons of gold,…
DetailsIn 2019 VSMPO-Avisma investment plan will exceed 13 billion rubles. According to the company statement, some 2 billion rubles will be spent on the modernization of machinery in the smelting shops Nos. 31 and 32. The development of the sheet-rolling shop No. 16 will receive 3.2 billion rubles, stamping and forging complex of the shop…
DetailsIn January-March, Kangalassky Pit (Yakutugol) increased coal output by 7% YoY, to 136 thousand tons. The enterprise is participating in the state program to provide the Republic of Sakha (Yakutia) housing and municipal enterprises with coal during winter. “Last year the pit increased excavation works by 23%, which enabled us not only to exceed the…
DetailsInaglinsky Mining and Processing Works (Kolmar) is actively constructing the Inaglinskaya-2 factory with the capacity of 12 million tons of coal per year. At present metal structures of the main premises of the factory are being assembled. So far, 400 tons of structures out of 2700 tons have been assembled. The first stage of the…
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