Kaz Minerals reported a jump in 2017 sales and production as its main mines ramped up and said it expected its 2018 output to rise as much as 16%.
Kazakhstan Mining News
Billionaire Viktor Petropavlovsk declined to comment.
New report upgrades outlook for uranium sector after two top producers remove a combined 15% of U3O8 from the global market in 2018.
With a $10 million investment, the Kacharsky mine is being transformed into a smart mine.
World's top supplier of uranium announces 20% cut in production over three years.
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.
Analysts qualified the move as a “game changer.”
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