Miners’ spending on hunt for copper, EV metals hits $10 billion

MINEX Forum | November 15, 2018
img0 Exploration spending in the mining sector rose for a second year to near $10 billion as the industry makes a cautious shift to growth and prepares for forecast booming demand for copper and metals used in electric vehicle batteries, according to S&P Global Market Intelligence. Budgets jumped about 19%, outpacing last year’s gain, which had ...

Kazatomprom IPO begins

MINEX Forum | November 14, 2018
img0 Conditional trading of shares in Kazakh uranium producer NAC Kazatomprom has today begun on the London Stock Exchange (LSE). The company is also due to float on the stock exchange of the Astana International Finance Centre (AIX). Kazakh sovereign wealth fund Samruk-Kazyna has offered 38,903,491 shares including global depositary receipts, or GDRs, representing 15% of ...

Coal reserves in Ukraine decline by13.6% year-over-year, gas stocks shrink by 2.2%

MINEX Forum | August 27, 2018
img0 Coal reserves at the warehouses of Ukrainian thermal power plants (TPPs) and combined heat and power plants (CHPPs) as of August 21, 2018, totaled 1.75 million tonnes, which was 0.28 million tonnes, or 13.6%, lower year-over-year, Ukraine’s Energy Ministry has reported. The ministry said the situation with reserves of natural gas is much better: as ...

Soviet Collapse Echoes in China’s Belt and Road

MINEX Forum | August 15, 2018
img0 Grand investment plans for unproductive regions have caused empires to founder before. What causes empires to fall? According to one influential view, it’s ultimately a question of investment. Great powers are the nations that best harness their economic potential to build up military strength. When they become overextended, the splurge of spending to sustain a ...

Massive gold treasure found in Kazakhstan

MINEX Forum | August 8, 2018
img0 Archaeologists working in the remote Tarbagatai Mountains of northeastern Kazakhstan unearthed 3,000 gold and precious metals objects and jewelry pieces that are presumed to date back almost 800 years before Christ. The treasure, found at the ‘Yeleke Sazy’ burial site, probably belonged to a noble family of the Saka people who ruled throughout central Asia ...

Ukraine’s Energy Mining seeks resumption of cooperation with Russia’s TVEL

MINEX Forum | July 12, 2018
img0 Ukraine’s Ministry of Energy and Coal Industry considers it necessary to resume joint construction of a nuclear fuel plant in the country with Russia’s TVEL. This is discussed in a letter made available to the Kyiv-based Interfax-Ukraine news agency signed by Minister Ihor Nasalyk, which was sent to First Deputy General Director of Rosatom Kirill ...

The world’s biggest mining companies in 2018

MINEX Forum | June 22, 2018
img0 Industry goliaths such as Glencore, Rio Tinto and BHP emerged as top performing companies, thanks to recovery in global commodities market. Mining-technology.com lists the ten biggest mining companies based on 2017 revenues. Glencore – $80.46bn Glencore recorded revenues of $205.47bn in 2017, of which the revenue from metals and minerals segment was $80.46bn, an increase ...

Siberia’s mining potential grows due to global warming

MINEX Forum | May 24, 2018
img0 Russia’s Siberian region, which is rich in coal, gold and many other minerals, remains relatively unexploited, as its challenging landscape and harsh weather conditions hamper the exploration. However, melting ice and permafrost are potentially easing the mining process, so the situation is likely to change. As the Siberian land becomes more accessible because of global ...

Change drivers in the mining industry in Kazakhstan

MINEX Forum | May 19, 2018
img0 In April this year we have organised Mining Forum in Kazakhstan – the most developed mineral-rich country in Central Asia. Kazakhstan is spearheading the reform in the mining sector aimed at improving the terms for international investors interested in developing greenfield and brownfield projects. In December 2017 Kazakhstan adopted the Code “On Subsoil and Subsoil ...