Kazakhstan makes ‘meaningful progress’ in extractive industry transparency, report suggests

MINEX FORUM | March 1, 2018
img0 The Extractive Industries Transparency Initiative (EITI) determined Feb. 13 that Kazakhstan has made meaningful progress overall in implementing the EITI Standard. The decision was made based on the validation process conducted by the EITI starting from July 1, 2017. Validation is the EITI’s independent evaluation mechanism that assesses countries against progress made in meeting the ...

Vorkutaugol mines starts installation of advanced security system

MINEX FORUM | March 1, 2018
img0 Image Source: rolltrade.ru JSC Vorkutaugol, one of the largest coal mining companies in Russia, owned by PJSC Severstal, has begun the installation of a multifunctional security system at the Vorkutinskaya, Zapolyarnaya, Komsomolskaya and Vorgashorskaya mines. In December 2017, components of the security system Strata, developed in Russia, Kazakhstan, the United States and South Africa, were ...

China remains guaranteed uranium market for Kazakhstan

MINEX FORUM | March 1, 2018
img0 Kazakhstan, the world’s leading uranium producer, and China, the prospective global leader in nuclear-based power generation, are looking to benefit from mutual energy cooperation in the foreseeable future. Air quality, especially in major industrial agglomerates, along with strong dependence on oil, and rapidly growing electricity consumption remain China’s formidable energy challenges. However, for the last ...

Global Underground Mining Equipment Market 2018

MINEX FORUM | March 1, 2018
img0 This new research report that entirely centers “Global Underground Mining Equipment Market” is an exhaustive analysis of driving forces, driving risks, Underground Mining Equipment business opportunities, threats and challenges involved in Underground Mining Equipment market. It offers decisive specks of the Underground Mining Equipment market such as major leading players, market size over the forecast ...

Russian billionaires risk ‘shootout’ in battle over nickel giant

MINEX FORUM | March 1, 2018
img0 FILE PHOTO: President of En+ Group, Oleg Deripaska attends an agreement-signing ceremony with the Krasnoyarsk region’s government, in Moscow, Russia December 12, 2017. REUTERS/Sergei Karpukhin/File Photo Two of Russia’s richest men could trigger a complicated auction known as a “shootout”, in a bid to end their long-running battle for control of mining giant Norilsk Nickel ...

Exxon to quit Russian oil ventures frozen by US sanctions

MINEX FORUM | March 1, 2018
img0 Exxon Mobil said it’s abandoning joint ventures with Russia’s Rosneft PJSC after international sanctions against the nation’s energy sector paralysed a historic drilling project. Exxon’s decision to quit its biggest exploration region was made late last year as the US expanded sanctions, the company said in a 10-k filing on Wednesday. “The corporation expects it ...