Tag Archives: Zhairem Mining and Processing Works

Kazakhstan: new Glencore GOK to start operating in 2020

Zhairem Mining and Processing Works, Zhayrem Mining and Processing WorksBy admin 18.12.2017 Leave a comment

In 2020 Glencore plans to commission the Zhairem Mining and Processing Works with the capacity of 160 thousand tons of zinc per year. This asset will replace the Maleevsky and Tishinsky mines, the operation of which will be stopped in 2023. Glencore expects the demand for zinc on world markets to grow in the next…

Kazakhstan: Zhairem GOK net profit up in H1 2017

Zhairem Mining and Processing WorksBy admin 23.08.2017 Leave a comment

In January-June Zhairem Mining and Processing Works received 5.503 billion tenge of net profits, up 2.4-fold YoY. EBITDA also increased 2.4-fold, to 6.962 billion tenge, with gross profit up 2.3-fold, to 9.324 billion tenge. The company assets have increased by 16.8%, to 36.729 billion tenge, with liabilities up by 6.4%, to 6.842 billion tenge. Zhairem…