Kazakhstan To Spend $2.7B To Enhance Hydrocarbons & Mineral Exploration

Anastasia Bogdanova | February 20, 2020
img0 As of today, Kazakhstan is ranked the world’s ninth-largest crude oil exporter and holds three percent of the world’s total oil reserves, placing it in the number 11 globally and making it the third-largest oil producer in the Caspian region, after Russia and Iran. The government of Kazakhstan will invest around $2.7 billion in a ...

Kazakhstan to attract 800bn tenge of private investment to geological exploration development till 2025.

Anastasia Bogdanova | February 19, 2020
img0 NUR-SULTAN. KAZINFORM At the Government session chaired by Prime Minister Askar Mamin, a draft Concept of the State Geological Exploration Program for 2021-2025 was discussed, according to primeminister.kz. The document was introduced by Minister of Ecology, Geology and Natural Resources Magzum Mirzagaliyev. Reports on the relevance of approaches to the development of exploration in Kazakhstan ...

Trans-Siberian Gold +1Moz JORC Mineral Resource Estimate – Rodnikova Gold Deposit

Anastasia Bogdanova | February 10, 2020
img0 Trans-Siberian Gold plc (TSG.LN), a high grade gold producer in Russia, announces a JORC compliant Mineral Resource Estimate for the 100% owned Rodnikova Gold Deposit, located in Kamchatka, Far East Russia. Highlights of Mineral Resource Estimate Total Indicated & Inferred Resources of 6.3Mt at a grade of 5g/t gold, for total contained +1Moz of gold, ...

EBRD marks record in Uzbekistan in 2019 with $576 million in 13 investment projects

Anastasia Bogdanova | January 17, 2020
img0 AKIPRESS.COM – The EBRD said it achieved a new record in Uzbekistan in 2019 with an annual investment of US$ 576 million (€517 million) through 13 private and public sector projects – an all-time high for the Bank in the country. The Bank invested money into key infrastructure projects and expanded its operations by opening a ...

Zijin to invest 200 mln euro in revamping Serbia’s Bor copper mine/smelter

MINEX Forum | November 21, 2019
img0 China’s Zijin Mining Group plans to invest 200 million euro ($221 million) in revamping and expanding the current capacities of Serbian copper mining and smelting complex Bor which it controls, local media reported. Zijin is currently drafting a project for the planned overhaul and for the planned expansion of the smelter’s annual capacity of 80,000 ...

New Innovation Test Center in Örebro, Sweden will create opportunities for exploration drilling

MINEX Forum | November 7, 2019
img0 Innovation project I-EDDA-TC will establish a leading test center for drilling and drilling-related equipment to foster innovation in mineral exploration This month, a new Innovation Test Center is set to start drilling to be used for mineral exploration testing in Örebro, Sweden. The Innovation Center will offer testing opportunities for different types of exploration drilling ...

EBRD to invest €25m Kosovo nickel producer

MINEX Forum | September 9, 2019
img0 The European Bank for Reconstruction and Development said it will provide €25-million to Kosovo’s sole ferro-nickel producer Newco Ferronikeli to improve environmental standards and energy efficiency. The company which is the largest of Kosovo’s exporters was bought by Albania’s Balfin Group last year in what was seen as a rescue deal aimed to restore production ...