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 ...

Kazakhstan starts export of uranium to Brazil

MINEX Forum | May 25, 2018
img0 Kazakhstan’s national company Kazatomprom delivered the first batch of uranium to Brazil, the company’s press service said in a message. “The National Atomic Company of Kazakhstan is expanding the geography of its products supply in the world nuclear fuel market. Kazatomprom JSC won an international tender for the supply of natural uranium concentrates for the ...

Mongolia, Kazakhstan to enhance mining cooperation

MINEX Forum | April 9, 2018
img0 Mongolia and Kazakhstan signed a Memorandum of Understanding Friday to boost cooperation in geology, mining and civil aviation. The document was inked during the 7th meeting of the Intergovernmental Commission between Mongolia and Kazakhstan on Trade, Economic, Scientific and Technical Cooperation, which was held on March 29-30 in Astana, Kazakhstan, Mongolian Foreign Ministry said. On ...

Mongolia, Kazakhstan to set up gold refining plant

MINEX Forum | April 3, 2018
img0 Mongolia and Kazakhstan agreed on setting up a gold refinery plant during the 7th Mongolia-Kazakhstan Intergovernmental Commission’s meeting, Mongolian Minister of Mining and Heavy Industry D.Sumiyabazar said. Minister Sumiyabazar met Deputy Minister for Investments and Development of Kazakhstan Arystan Kabikenov on March 30. At the meeting they established a memorandum of cooperation in fields of ...

Rothschild pitches idea of pre-IPO sales for Kazakh privatisations

MINEX Forum | March 28, 2018
img0 Rothschild, which advises the Kazakh central bank, has recommended that the country’s privatisation programme include pre-sales to strategic investors before shares are put on the market. Oil-rich Kazakhstan, hard hit by the fall in global crude prices LCOc1, has embarked on an ambitious privatisation drive to sharply cut the state’s role in the economy by ...

Kaz Minerals sets higher output targets for 2018 as profits jump

MINEX Forum | March 26, 2018
img0 Kazakhstan-focused Kaz Minerals on Thursday reported a jump in 2017 sales and production as its main mines ramped up and said it expected its 2018 output to rise as much as 16 percent. The London-listed miner, which mainly mines copper and gold, said 2017 earnings before interest, taxes, depreciation and amortization (EBITDA) excluding special items ...

InfiNet deploys high peformance wireless network for Shubarkol Komir in Kazakhstan

MINEX FORUM | March 21, 2018
img0 InfiNet Wireless, the global manufacturer of carrier-grade broadband wireless solutions, has successfully deployed a high-performance wireless infrastructure for Shubarkol Komir JSC, the largest coal producer in Kazakhstan and part of Eurasian Group (ERG). This new network effectively represents a major upgrade to the IT infrastructure and the mission-critical video-surveillance platform previously used by this energy ...

Has Kazakhstan Potash Corporation Limited (ASX:KPC) Improved Earnings Growth In Recent Times?

MINEX FORUM | March 21, 2018
img0 Understanding how Kazakhstan Potash Corporation Limited (ASX:KPC) is performing as a company requires looking at more than just a years’ earnings. Today I will run you through a basic sense check to gain perspective on how Kazakhstan Potash is doing by comparing its latest earnings with its long-term trend as well as the performance of ...