Adiz Boboev, governor (khokim) of Samarkand region, met with Pini Atahuz, head of the American company Cove Capital, as part of the Fifth Tashkent International Investment Forum. The main topic of the talks was an investment project for the mining and deep processing of tungsten in the region. During the meeting, the company’s representative presented…
The American company Cove Capital and the Kazakh Tau-Ken Samruk will jointly develop the Northern Katpar and Upper Kairakty deposits in the Karaganda region of Kazakhstan. These are some of the largest undeveloped tungsten deposits in the world. The Kazakh state investment holding Samruk-Kazyna estimates total tungsten reserves at 410 thousand tons. As part of…
Uzbekistan has become the first country in Central Asia to join the International Tungsten Industry Association (ITIA). Membership in the organization grants Uzbekistan’s Technological Metals Combine (Uzbek Combinat of Technological Metals) access to market insights, analytical and statistical data, as well as participation in major international industry events. This decision will strengthen Uzbekistan’s position in…
A project is being implemented as part of a partnership between Kazakhstan and the United Kingdom in the field of critical minerals. British companies are negotiating supply contracts with Kazakhstani manufacturers of tungsten products. Contacts have been established with six brokers from the UK and three end users of the products. The event, organized by…
Some 40 investment projects with foreign investors’ participation worth $1.5 billion will be commissioned in Kazakhstan in 2024, Deputy Foreign Minister Nazira Nurbayeva has told the expanded meeting of the Majilis international affairs, defense and security committee on attracting foreign investments into the economy. Among the most important projects are the development of the tungsten…
Severniy Katpar LLC has started developing a pre-feasibility study for the construction of a mine at the Severniy Katpar tungsten deposit. The study will be prepared by a local enterprise – Kazgioprtsvetmet LLC (Kazakhstan main institute of non-ferrous metallurgy enterprises design). In 73 years, the institute has participated in the development of projects for some…
In July Russia exported 254.7 tons of tungsten ore and concentrate, down by 17.8% MoM, but up by 146.7% YoY. Deliveries to Austria remained unchanged at 60 tons, but to Korea dropped by 32%, to 126 tons. In 7 months exports totaled 1.2 thousand tons, up by 79.5% YoY. In monetary terms since the start…
In July Russia imported 11.1 tons of tungsten, including scrap, up by 44.3% MoM, but down by 13.4% YoY. China supplied 10 tons of tungsten, up by 40% MoM. In 7 months imports totaled 75.4 tons, down by 32% YoY. In monetary terms since the start of the year the imports have decreased by 15.7%.…