Kazakhstan to produce 120mn tonnes of coal in 2020

Anastasia Bogdanova | March 26, 2020
img0 NUR-SULTAN. KAZINFORM Coal-extracting companies of Kazakhstan produced 18.3mn tonnes of coal in January-February 2020, Kazinform reports. 10.4mn tonnes of coal were shipped to energy-producing companies, and industrial enterprises received 936,800 tonnes. 1.4mn tonnes were shipped for public and utility needs. 4.6mn tonnes will be exported. According to the Ministry of Industry and Infrastructure Development, The ...

Europe’s alloy demand drop yet to hit term contracts

MINEX Forum | March 16, 2020
img0 European consumers are still steadily accepting material procured on long-term contracts, despite challenging economic conditions that have significantly depleted spot demand and are weighing on prompt prices. The number of spot deals concluded since late January ahead of the Chinese lunar new year holiday week have dwindled in Europe, with most market participants looking to ...

Security of metals supply fundamental: UK minister

MINEX Forum | March 16, 2020
img0 Industry must have confidence that it can access the necessary raw materials to move towards sustainable low-carbon markets, UK business and trade minister Nadhim Zahawi said at the launch of the UK All Party Parliamentary Group on Critical Minerals in London yesterday. Representatives from mining projects for lithium, tungsten, rare earths and tin were among ...

Kazakhstan’s mining industry in focus at London roadshow

Anastasia Bogdanova | March 9, 2020
img0 LONDON. KAZINFORM British Expertise International hosted the Mining in Kazakhstan: Roadshow London 2020 to discuss the recent reforms in the country’s mining legislation, as well as to present attractive projects to potential foreign investors. The roadshow was organised by the Embassy of Kazakhstan in the UK jointly with British Expertise International, the press service of ...

Mining Weekly: Russia set to overtake China as biggest gold producer from 2029

Anastasia Bogdanova | March 6, 2020
img0 Research agency Fitch Solutions says global gold mine production growth is set to rebound in the coming years, owing to higher prices and mergers between major mining firms. The agency forecasts global gold production to increase from 107-million ounces this year to 132-million ounces by 2029, averaging a yearly growth rate of 2.4%. This compares ...

Asian demand for Russian coals constrained by railing capacity: Sibanthracite director

Anastasia Bogdanova | February 20, 2020
img0 Singapore — Asian markets are seeking Russian coals, Katerina Bosov, commercial director of Sibanthracite group said in an interview with S&P Global Platts on Wednesday, but limited railing capacity has hampered Russian coal exports to these markets. To resolve this limitation, Russia’s Sibanthracite group aims to boost the annual export capacity of Russian coals to 100 ...

Mining sector provides more than 40% of state income and 15% of GDP of Kazakhstan

Anastasia Bogdanova | February 18, 2020
img0 AKIPRESS.COM – Kazakhstan’s GDP growth in 2019 was 4.5% due to increased demand on the consumer market, increased industrial production and increased investment activity, the FinReview reported. According to forecasts, the average growth rate of Kazakhstan’s main trading partners – the European Union, China and Russia – fell from 3% in 2018 to 1.7% in 2019. ...

Alrosa Relocates its March auctions to Moscow and Israel

Anastasia Bogdanova | February 10, 2020
img0 Alrosa’s rough auction will be held in Moscow, while its polished auction will be held at IDE Russian mining giant Alrosa will relocate its March auctions for rough and polished diamonds from Hong Kong to other trading centers.   One auction for special size rough diamonds will be held in Moscow (March 2-8). Alrosa’s March polished auction ...

Russia looks to double coal exports to China

Anastasia Bogdanova | February 10, 2020
img0 Besides its high profile gas exports, Russia is looking to double its coal exports to China, effectively competing with Indonesia, Australia and the US. Russia has been historically associated with oil and gas exports, yet the news somewhat underreports its coal market presence. Although neither the world’s largest coal producer nor exporter, Russia seems to ...

Coronavirus drives Alrosa to shift diamond sales from Hong Kong

Anastasia Bogdanova | February 7, 2020
img0 MOSCOW – Russia’s Alrosa, the world’s largest diamond mining company, will hold its March auctions in Moscow and Israel after Hong Kong postponed two jewellery shows because of the coronavirus outbreak, the company said on Wednesday. Demand for diamonds in China, the world’s second-largest market after the United States, had already weakened last year because ...