Following the auctions for subsoil use rights held in 2024, the total amount of budget revenues amounted to more than 5.7 billion tenge, the Ministry of Industry and Construction said. According to the ministry, the following investors came to Kazakhstan: – Rio Tinto Mining and Exploration Limited, Skyfall LTD, Pallas Resources Limited , Нidden Owl…
On March 7, President of Uzbekistan Shavkat Mirziyoyev reviewed a presentation on the development of strategic mineral resources and the manufacture of high-value-added products. The country has identified deposits of more than 30 metals, including tungsten, molybdenum, magnesium, lithium, germanium, graphite, vanadium and titanium. However, until recently, this sector had not received sufficient attention, with…
The President of Ukraine Wolodymyr Zelenskyi has signed the bill “On some amendments to laws of Ukraine on restoration of solvency of certain state enterprises in critical condition in the sphere of energy”. The corresponding bill No. 12220 was returned to the Parliament with the president’s signature on January 29. The Verkhovna Rada adopted the…
Kazakhstan is implementing new measures in mining and geological exploration to enhance transparency in the mining sector. A meeting has been held between the President of Kazakhstan Kassym-Jomart Tokayev and the Chairperson of the Extractive Industries Transparency Initiative (EITI) Helen Clark. During the conversation, Kassym-Jomart Tokayev emphasized that since joining the organization in 2007, Kazakhstan…
Prime Minister of Kazakhstan Olzhas Bektenov gave instructions on development of geological exploration in the country at a government session on December 3. In his speech, Bektenov recalled the President’s task to increase the area covered with geological exploration from 1.5 to 2.2 million square km before 2026. “Now, the area covered with geological exploration…
Kazakhstan’s mineral resource base includes 987 reserves of solid minerals, the industry and construction minister Kanat Sharlapaev has said during a government meeting. According to Sharlapaev, Kazakhstan has observed growth in iron, manganese, gold, uranium, oil and gas reserves in the past 30 years. “However, the rate of replenishing copper, zinc, lead and aluminum reserves…
The average monthly salary of mining industry workers in Azerbaijan reached 3,572 manats ($2,100) in the period from January through October. The data from the State Statistics Committee showed that this was 192.2 manats ($113, 5.84%) more than in the same period last year. The wages of public sector employees in this sphere have increased…
In Donetsk region, as a result of technological disturbances, a mine was cut off grid, while in Lviv region a fire broke out on a mine territory. According to the Energy Ministry, at the moment of the accident, 20 employees were underground in Donetsk region. They were safely taken to the surface. In Lviv region,…
