Kazakhstan Mining News

Kazakhstan miner Kaz Minerals ramps up output, profits rise

Kaz Minerals, a copper company focused on Kazakhstan, narrowed its full-year production guidance on Thursday to 235,000-260,000 tonnes after first-half output more than doubled, boosted by a market hitting multi-year highs.

World’s top uranium producer Kazakhstan to cut output by 10%

Analysts qualified the move as a “game changer.”

Glencore did better as commodity trader than miner in Q3

While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.

Chinese fund eyes Glencore gold mine in Kazakhstan

China’s state-backed Silk Road Fund is said to be considering a joint $2 billion bid with China National Gold Group for the Vasilkovskoye mine.

Chinese miners eye Glencore’s Kazakh gold operation

Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. said to be among potential bidders.

Glencore mulling sale of gold mine in Kazakhstan

The company could rise $2 billion for offloading Vasilkovskoye, its largest gold mine.

Canadian miners can take Kazakhstan to court for seized assets, rules tribunal

Ruling opens door for international claims against Kazakhstan.

Kazakhstan to remain top of uranium heap for next decade: Kazatomprom

The state-owned entity says it will preserve its leading position as extractor of natural uranium, by developing existing mines, building new ones and introducing technologies to lower the costs of uranium extraction.

Mining investment in Kazakhstan to reach $30bn by 2017

The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.

Uranium price building on gains

Way to early to for uranium stock investors to rejoice, but after eight straight sessions of gains the market seems to be entering recovery mode.

Resource rich countries make up over 50% of the “extreme risk” jurisdictions to invest

Study also says that Myanmar is the country where the business environment improved the most last year.

Miners warned about Indonesia, Brazil, India and South Africa investments

Terrorism, regime instability and resource nationalism, are the main risks mining investors will face in 2014.

Kazakhstan's mining industry worth almost $30 billion by 2017

The Asian country ranks in the top ten for coal, iron, and gold. It holds vast reserves of copper, it’s a well-known diamonds exporter and holds the 11th largest proven reserves of both oil and natural gas.

Russia, Kazakhstan increased gold holdings in May

Central banks demand for gold is set to continue as macroeconomic, geopolitical and monetary uncertainty are here to stay, says the IMF.

Kazakhmys' board recommends deal to go private

Board warns this is the best deal for shareholders.

Russia, Kazakhstan and Azerbaijan boosted gold holdings in April

The three former Soviet republics, together, bought 75% more gold last month than they did in March.

Uranium One reports first quarter losses

Long-term development indicators for the nuclear power industry remain strong.

Kazakhstan reinforcing its leadership in the global uranium race

Kazakhstan continues to lead the world in uranium production.

Report: Big changes coming to Kazakh mining

More stringent environmental enforcement and a shift of resources to regions.

Chinese rare earth domination shakes up regional trade ties

Japan turns to Kazakhstan for rare earth supplies

Report says DRC's Mr Grab losing friends

Kazakh miner ENRC's chairman personally flew to the DRC to "clear-the-air" with controversial Israeli dealmaker Dan Gertler.

Sprint Capital acquires Kazakh potash project

Hong Kong private equity firm Sprint Capital has announced the acquisition of a major potash project in the western part of Kazakhstan.

Kazakhstan mining giants seek to placate simmering labour dissent

At 65, Pavel Shumkin says he has lived a decade longer than the average coal miner in Kazakhstan. He recalls a time when he drank beer with his bosses after ascending, face blackened, from the coal face. "Now, these bosses have billions and I have...

Kazakh central bank aiming for 20% of reserves in gold

According to Kazakhstan's deputy central bank chairman, the central bank plans to boost the share of gold in its gold and foreign currency reserves to 20% from 14-15%

Uranium One announces signing of coordination agreement with ARMZ and extension of framework agreement governance provisions

The agreement sets out a framework for enhanced coordination between the two parties to ensure that Uranium One maintains status as an independent public issuer.