Analysts qualified the move as a “game changer.”
Kazakhstan Mining News
While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.
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.
Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. said to be among potential bidders.
The company could rise $2 billion for offloading Vasilkovskoye, its largest gold mine.
Ruling opens door for international claims against Kazakhstan.
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.
The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.
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.
Study also says that Myanmar is the country where the business environment improved the most last year.
Terrorism, regime instability and resource nationalism, are the main risks mining investors will face in 2014.
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.
Central banks demand for gold is set to continue as macroeconomic, geopolitical and monetary uncertainty are here to stay, says the IMF.
Board warns this is the best deal for shareholders.
The three former Soviet republics, together, bought 75% more gold last month than they did in March.
Long-term development indicators for the nuclear power industry remain strong.
Kazakhstan continues to lead the world in uranium production.
More stringent environmental enforcement and a shift of resources to regions.
Japan turns to Kazakhstan for rare earth supplies
Kazakh miner ENRC's chairman personally flew to the DRC to "clear-the-air" with controversial Israeli dealmaker Dan Gertler.
Hong Kong private equity firm Sprint Capital has announced the acquisition of a major potash project in the western part of Kazakhstan.
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...
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.
When Kim got involved with Kazakhmys (then called ZhezkazganTsvetMet) during the 1990s the Soviet era the state company was in complete disarray and debt laden. He turned Kazakhmys into a $6 billion company and amassed a personal fortune of $3.5 billion along the way.