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 Spend $2.7B To Enhance Hydrocarbons & Mineral Exploration
Anastasia Bogdanova | February 20, 2020 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 ... 
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 ... 
* Basing budget on $1,200 gold price * Natalka main driver of output growth * Increases capital expenditure for next-generation projects MOSCOW, Feb 11 (Reuters) – Russian gold miner Polyus said it was investing in a new generation of projects, after posting record earnings, boosted by strong gold prices and higher output from the full ... 
The Russian government is considering spending $1 billion from its sovereign wealth fund on a loan to mining giant Norilsk Nickel for its Arctic Palladium project, the Interfax news agency cited a source as saying. The Arctic Palladium project is Nornickel’s joint venture with Russian businessman Musa Bazhaev. by 
Trans-Siberian Gold plc (TSG.LN), a high grade gold producer in Russia, announces a JORC compliant Mineral Resource Estimate for the 100% owned Rodnikova Gold Deposit, located in Kamchatka, Far East Russia. Highlights of Mineral Resource Estimate Total Indicated & Inferred Resources of 6.3Mt at a grade of 5g/t gold, for total contained +1Moz of gold, ... 
AKIPRESS.COM – The EBRD said it achieved a new record in Uzbekistan in 2019 with an annual investment of US$ 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 ... 
China’s Zijin Mining Group plans to invest 200 million euro ($221 million) in revamping and expanding the current capacities of Serbian copper mining and smelting complex Bor which it controls, local media reported. Zijin is currently drafting a project for the planned overhaul and for the planned expansion of the smelter’s annual capacity of 80,000 ... 
Innovation project I-EDDA-TC will establish a leading test center for drilling and drilling-related equipment to foster innovation in mineral exploration This month, a new Innovation Test Center is set to start drilling to be used for mineral exploration testing in Örebro, Sweden. The Innovation Center will offer testing opportunities for different types of exploration drilling ... 
EBRD support for a mining investment in southwestern Mongolia will create jobs and ensure the highest possible environmental standards at the Khundii Gold project in the Bayankhongor region of the country. The Bank is providing a US$ 5 million convertible loan to the Erdene Resource Development Corporation of Canada, a company that is listed on ... 
Polymetal, one of Russia’s largest gold and silver producers, is in talks with European banks on “green” project financing, CEO Vitaly Nesis told Reuters on Thursday, adding that a deal could be reached in the second half of 2020. The agreement may involve four of Polymetal’s projects such as the construction of a solar power ... 
Mining is vital. A real business, real profits Most people would crack open the champagne on the news their company has broken back into the FTSE 100. Or in Vitaly Nesis’ case, perhaps a little vodka. Not so, says the chief executive of Russian gold miner Polymetal. “I don’t think there’s any novelty left. It’s ... 
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 ...