Month: February 2024

  • Erdene Secures $80M to Build Mongolia’s Largest Gold Mine

    Erdene Secures $80M to Build Mongolia’s Largest Gold Mine

     We are very pleased to close the financing for the Bayan Khundii Gold Project with our strategic partner MMC, Mongolia’s leading publicly traded mining company. With the first gold scheduled in 2025, Bayan Khundii will be one of the highest grade, open pit gold mines globally and Mongolia’s largest primary gold producer when it reaches full production.

    Peter Akerley, President and CEO, Erdene Resource Development Corp.

    Akerley continued, “The strengthening of our relationship with MMC through this financing supports our goal of creating a major new mining district in southwestern Mongolia. With MMC’s experience in large-scale mining, expertise in construction, power supply, transportation and logistics, and national and international relationships.”

     The Bayan Khundii Gold Project will form a strong foundation for future growth in the Khundii Minerals District. Together we will grow the Mongolian mining sector, increase the industry’s contribution to the national economy, and create value for our shareholders.

    Peter Akerley, President and CEO, Erdene Resource Development Corp.

    Bayan Khundii Financing

    Erdene and MMC signed a financial agreement to build the Bayan Khundii Gold Project. The funding is set up as a shareholder loan from MMC to Erdene Mongol LLC which is a joint venture between Erdene and MMC and has the mining licenses for Bayan Khundii, Altan Nar, and the extremely promising Ulaan exploration license.

    The US$50 million shareholder loan will finance the building of the Bayan Khundii gold mine and processing complex.  Up to five tranches totaling at least US$5 million may be drawn from the loan. The loan will mature five years after the initial draw date, and interest will be charged at a rate of 13.8 %, which will be paid in arrears every three months.

    The first four interest payments are capitalizationable at EM’s discretion. When the loan matures, it will be fully repaid. Under the same conditions, MMC may choose to make available an additional US$30 million. Additionally, EM and commercial banks in Mongolia are negotiating a loan package for up to $30 million.

    A 50 % guarantee from Erdene and Erdene’s interests in the Project, including its shares of EM and NSR interest and preferential rights over the Khundii, Altan Nar, and Ulaan licenses, will finance the shareholder financing. Under the terms of the companies’ Strategic Alliance agreement, MMC will have first dibs on Erdene’s Zuun Mod project and priority voting rights for as long as the loan is outstanding.

    Erdene also has the option to become a lending shareholder on the same terms as MMC and buy 50 % of the loan.

    This funding comes after MMC invested US$40 million as part of the Strategic Alliance Agreement to acquire a 50 % equity stake in EM. MMC will contribute a maximum of US$120 million toward the Bayan Khundii Gold Project’s development. The Strategic Alliance’s highlights are as follows:

    • The main board of the Hong Kong Stock Exchange lists MMC, as the largest mining firm in Mongolia that is traded worldwide.
    • MMC has made a $40 million investment in EM, Erdene’s Mongolian affiliate that had the Ulaan exploration license in addition to the Khundii and Altan Nar mining licenses.
    • In addition to the first 400,000 ounces of gold recovered, Erdene is still the owner of a 50 % equity position in EM and a 5.0 % Net Smelter Return royalty on production from the Khundii, Altan Nar, and Ulaan licenses. Erdene also retains ownership of any properties purchased within a 700 km2 area of interest.
    • The massive Zuun Mod Molybdenum-Copper deposit and Khuvyn Khar Copper project, which are around 30 km east of Bayan Khundii and next to a proposed railroad development, are both owned 100% by Erdene.
  • Investor Expectations Moderately Balanced in Gabriel Resources vs. Romania Outcome

    Investor Expectations Moderately Balanced in Gabriel Resources vs. Romania Outcome

    The shares of Gabriel Resources, the Canadian company that owns 80% of the Roşia Montană gold mining project in Romania – traded at the Toronto Stock Exchange – boasted a 37.6% advance as of February 6 from five days earlier when international media reported the Romanian state would pay at least USD 2bn in compensation, in litigation at World Bank’s ICSID court.

    However, the company’s market value reached only CAD$663mn, the equivalent of USD 490mn, Ziarul Financiar announced. The sentence is expected on February 10. This indicates an increase in the company’s market capitalization by USD 140mn – a small portion of the USD 2bn, the lowest value of the compensations Romania may have to pay.

    Five shareholders own 70.4% of Gabriel Resources shares, according to Ziarul Financiar. The investment group Kopernik Global Investors, based in Florida, owns a 17.11% stake. The financial services firm Tenor Capital Management, established 20 years ago in New York, USA, has a 16.3% stake.

    Electrum Global Holdings owns 13.25% of the capital. Electrum is an investment and consulting company, also from New York, founded and led by Thomas Kaplan, an entrepreneur and investor in natural resources.

  • The challenges for European lithium-ion gigafactory projects

    The challenges for European lithium-ion gigafactory projects

    Thomas Herman, of counsel at law firm Herbert Smith Freehills (HSF), is nonetheless bullish on the potential of European gigafactory projects, pointing to various underlying factors, whilst admitting they have substantial challenges ahead.

    “Europe is interesting because it has plenty of automotive original equipment manufacturers (OEMs) that can provide long-term bankable offtake agreements for projects, which can help them get financing,” Herman tells Energy-Storage.news.

    “The European market also benefits from proximity to reliable power sources, good transportation systems, skilled labour pools and strong public backing for these projects, including through various subsidies through funds.”

    Backing from automotive OEMs is the cornerstone of these projects. Some energy storage systems (ESS) integrators have moved to secure offtake from future gigafactories in Europe – Fluence from NorthvoltPowin from Freyr, and Nidec from Verkor, for example – but these aren’t enough to build a business case.

    “Given the capex involved in a gigafactory project, you cannot build a gigafactory based only an offtake from an energy storage company,” says Herman.

    “Instead, projects are having a main anchor OEM for the bulk of its capacity and then contracting with others (which could be an energy storage company) for the excess. BESS in Europe is still fairly underdeveloped relative to the UK. Financing will be done on the basis of automotive OEM offtakes.”

    One interesting counter-example was the apparent intention of the buyer of failed UK gigafactory firm Britishvolt to pivot away from the automotive sector to making batteries for ESS, and a McKinsey partner discussed the pros and cons of this approach with Energy-Storage.news at the time (March 2023, Premium access).

    This wasn’t specifically mentioned by Herman, but another point to consider alongside the potentially lower size of an ESS companies offtake is their generally relatively lower bankability rating compared to automotive OEMs, which are much larger.

    Even assuming a developer has the necessary bankable offtake partners, there are significant challenges around the financing process itself, securing the necessary raw materials and the obvious question of competitiveness of their battery products once they do enter the market.

    The biggest question is whether lithium-ion batteries produced in Europe will be competitive in the European and global markets, given the US is paying producers US$35 per kWh produced as a tax credit, while production in China is already cheaper.

    Automotive OEMs in Europe are driving gigafactories’ business case in Europe through long-term offtake agreements and, Herman explains, they are making the bet that, although EU-made batteries might be more expensive, eventually the premium that cars made using them can garner will offset that.

    “There are a lot of subsidies into gigafactory projects which will help,” says Herman. “OEMs are also betting that, at some point, environmental, social and governance (ESG) criteria will become a criteria for applying premiums to specific cars, and so cars produced with European batteries become competitive compared to Chinese cars.”

    “But for now, it’s true that this market is being built as we speak. OEMs have to play on two levels. They are entering into contracts with established battery makers in China and South Korea for their current models while also investing with a long-term view in battery production in Europe or through partnerships or offtake agreements.”

    Energy-Storage.news asked Herman if the business case for gigafactories in Europe is now less strong than two years ago, to which he says: “The gigafactory business case has struggled, but these projects take time to develop. The business case continues to evolve but, at some point, it needs to be set in stone and that’s a difficulty.”

    “Its been wagered that the gigafactory projects currently in development will come online quickly enough. The construction schedules are very tight. Lithium-ion is the tech being used right now and OEMs have been designing their cars around this tech.”

    The other big challenge is intimately tied to the above market dynamics and is the fact that OEMs, by backing these projects, are finding themselves in unfamiliar territory by doing so.

    “One of the biggest challenges is the financing. Lenders are keen to ensure the gigafactory company can benefit from a bankable long-term offtake agreement with the OEM. This can create a disconnect, as OEMs are not used to the extensive bankability requirements in the project financing space,” Herman says.

    “When negotiating the offtake agreements, banks and investors may consequently have contrasting views and priorities to the OEMs. The challenge becomes reaching an agreement that works for both sides.”

    There are also challenges around securing raw materials for lithium-ion production such as lithium, nickel, cobalt, manganese and graphite. As is the case in project financing, Paul Morton, another partner at HSF, explains that this a new space for automotive OEMs.

    “Securing access to key raw materials is the challenge for gigafactory projects but also the OEMs,” says Morton. “There security of supply challenge is compounded by the politics around where those are and who is controlling them. Both production and processing is often controlled by a small number of countries, particularly China.”

    “OEMs are looking at increasingly complex and longer-term offtake agreements to secure those volumes, and investment structures that these types of companies have not historically been involved in.”

    On top of that, Morton notes that a “constellation” of stakeholder pressure around sustainability and ESG has arisen in the last few years.

    “There is also a constellation of stakeholder pressures on sustainability, including management of human rights and environmental risks throughout the supply chain, traceability and carbon footprint for car and battery manufacturers that are having a big impact on the way they can procure minerals,” says Morton.

    “Five years ago an offtake contract may have been much shorter and simpler, but now supply chain due diligence obligations (to not only identify but mitigate against environmental and human rights risks) require more complex relationships between seller and buyer. It’s a very different world to be operating in for both producers and offtakers.”

  • Kazakhstan, Azerbaijan agree to co-reduce bottlenecks in Middle Corridor

    Kazakhstan, Azerbaijan agree to co-reduce bottlenecks in Middle Corridor

    Kazakhstan and Azerbaijan have agreed to actualize the synchronous elimination of bottlenecks on the Trans-Caspian International Transport Route (TITR, or Middle Corridor), the deputy chairman of the Committee of Railway and Water Transport of Kazakhstan, Kasym Tlepov, said during the meeting with the Azerbaijani delegation.

    Thus, the parties considered issues within the framework of the implementation of the signed Road Map on synchronous elimination of “bottlenecks” and development of the Middle Corridor on the territories of Kazakhstan, Azerbaijan, and Türkiye for 2022–2027.

    Tlepov informed about the ongoing work to expand the capacity of the corridor. According to him, in 2023, the volume of transhipment through the seaports of Aktau and Kuryk increased by 65 percent and amounted to 2.76 million tons of cargo.

    “Within the framework of the implementation of the roadmap on synchronous elimination of bottlenecks and the development of TITR, the parties are actively working to expand the capacity of the corridor. An agreement has been reached to update this roadmap. In turn, Kazakhstan is making efforts to develop transport and transit potential in the region and modernize transport corridors,” Tlepov emphasized.

    He also shared information on railway projects, raising the status of the TITR association, digitalizing TITR, creating a single logistics operator, and building port capacity.

    To note, the Middle Corridor links the container rail freight transportation networks of China and the European Union through Central Asia, the Caucasus, Türkiye, and Eastern Europe.

    A multilateral multimodal transportation infrastructure links ferry terminals on the Caspian and Black Seas with the railway systems of China, Kazakhstan, Azerbaijan, Georgia, Türkiye, Ukraine, and Poland.

    The middle corridor facilitates increased cargo traffic from China to Türkiye, as well as to European countries and in the opposite direction.

    A route train along this corridor delivers cargo from China to Europe in an average of 20-25 days, and this is one of the main advantages of this transport corridor.

  • Jadar and Rađevina Appraisal: Revealing the Valuation of Strategic Resources and Future Outlook

    Jadar and Rađevina Appraisal: Revealing the Valuation of Strategic Resources and Future Outlook

    The answer to the question of how much Jadar and Rađevina cost has not been provided, nor will it be given as long as the destruction of the landscape and the relocation of the population are considered inevitable damage that has not been assessed, and lithium, known as “white gold,” is considered more valuable than anything else. When something is not assessed, it is considered trivial, or until it is assessed, it has no value (price). This question was raised at a meeting at the Serbian Academy of Sciences and Arts (SANU) titled “Jadar Project – What is known?” Even then, no answer was given, or it was avoided as if Jadar were located on another lifeless planet.

    What was known then, and still remains unclear today, is the approximate technology for obtaining lithium carbonate and borates from the Jadarite ore through leaching with concentrated sulfuric acid. The assessment includes the cost of production, the planned duration of exploitation, and likely the company’s profits from the exploitation. Additionally, it is probable to consider the mining royalty that the state will collect according to existing regulations, which is approximately five percent of the foreign company’s realized profit.

    If we were to elaborate on the initial question, it would be about the value of natural and human-made biological resources on the surface of the mineral deposit, as well as surface and even more so underground water resources that would be extensively used in the lithium extraction process. This value is in comparison to the “white gold” that will primarily benefit the profit of the foreign mining company. The fact that water, as a natural resource, is vital for the future of any society is neglected. Finally, not least, the population that lives and earns a livelihood from these resources is also overlooked.

    Indeed, the complete disregard for the value of biodiversity, ecosystem services provided by natural vegetation, especially forest ecosystems, and agricultural land is concerning, especially at a time when climate disruptions (climate change) are evident as a global problem with increasing challenges for any human community.

    Paradoxically, by ignoring the significance of nature in mitigating the effects of climate disruptions, mega-projects that lead to increasingly visible negative consequences are favored. The problem of accumulating carbon dioxide in the atmosphere, which enhances the greenhouse effect and global warming, cannot be effectively addressed by technologies like carbon dioxide vacuum cleaners or by depositing waste biomass in anoxic parts of the sea (e.g., the Black Sea), which are offered as salvation. Meanwhile, the assimilation potential, which is the only means capable of binding and/or depositing excess carbon dioxide in biomass and soil, continues to be ruthlessly destroyed.

    Not to mention the oceans, which perform this function more efficiently than terrestrial ecosystems, thanks to the enormous surface they occupy. It is now time to recognize that forests, as the most productive part of terrestrial ecosystems, cannot be valued solely based on the quantity of wood mass, but also through functionality. Even from an anthropocentric perspective, considering ecosystem services crucial for every human community whose survival ultimately depends on these services. It is imperative that in the future, they must be comprehensively evaluated, taking into account multiple benefits, and that the practice of belittling, neglecting, and trivializing them must cease.

    Whether we like it or not, human communities at any spatial scale depend on nature, whether it be original or modified over thousands of years of human civilization, primarily through artificial selection of wild plant and animal species for various human needs, especially for sustenance. Not to mention the enormous potential that biological diversity holds. American ecologist Leopold compared biodiversity to a vast library that remains unread, and every day, books are deteriorating and disappearing from its unique collection. Whether the idea of preserving biodiversity and valuing it will become an obligation and prove effective is a big question mark.

    The care for the preservation of nature and biodiversity as its foundation cannot be solely the concern of biologists, ecologists, and nature enthusiasts.

    Past experiences indicate that the idea of sustainability and sustainable development, which is prevalent in various international and domestically adopted documents, is often just a dead letter on paper. The preservation of biodiversity is fundamentally part of the sustainability agenda. In practice, everything goes against this idea – from the exploitation of natural resources as quickly and extensively as possible, with a lack of restraint when it comes to the profit of those who use resources in an uncontrolled manner.

    In that context, the idea of building mines in the Jadar region, as well as all projects that envision and prepare the territory of Serbia as a state for mining and dirty technologies, should be considered. It is not surprising that foreign companies are rushing to Serbia when they see how the state and a significant part of the population treat their own environment. The excuse that this is necessary and that all countries have gone through this Machiavellian phase of natural resource destruction, and that they will only realize later, as society becomes wealthy, that the “devil has taken the joke,” simply does not hold water.

    Advocates for building mines in the Jadar region attempt to minimize environmental damage by pledging adherence to the highest ecological standards in mining, often using the catchphrase “green mining.” Systematically labelling something as “green” when, figuratively speaking, only chlorophyll in plants is green, creates the illusion that the problem either is or will be solved, and this is far from making sense. A more accurate term would be “environmentally responsible mining.” Such practices are rarely implemented globally, and they involve minimizing all damages to the greatest extent possible. For instance, in environmentally responsible mining, the waste material (tailings) generated from processing ore is returned to the exploited part of the mine after treatment. It is clear that such practices significantly increase the costs of exploitation, making it less and less profitable.

    The issues surrounding the construction of mines in the Jadar region cannot be isolated from the behavior of foreign mining companies towards natural resources in other countries, typically former colonies or developing nations. What is happening in Serbia in this regard closely resembles the conduct of foreign mining companies, aided by the stance of the state that everything is up for sale. One only needs to look at the environmental conditions in Bor and Majdanpek and the projected future for the Žagubica area to clearly see the approach of foreign mining companies, especially Chinese ones, regarding environmental protection in Serbia.

    Indeed, such companies often behave as if they are a state within a state. It is worth mentioning that Chinese companies hold around 14% of shares in Rio Tinto. These are all examples of environmentally irresponsible but highly profitable mining practices, the consequences of which will be evident for hundreds of years after exploitation. The remediation or masking of these consequences is not easy, quick, or inexpensive.

    Can someone imagine the environment of Bor and Majdanpek after the completion of exploitation, and the first association not be, looking at the abandoned surface mines, that everything resembles the landscape of a lifeless planet? Or, let’s not consider such massive devastations, but the quarries that sprout in Serbia like mushrooms after rain, and after exploitation, nature is left to revitalize them on its own, which will be a very long and slow process. Behind all these mentioned mining endeavours stands the Big Brother called profit, where what is being destroyed has a price only in the raw material being exploited with the prior consent of the guardian or host, which is the state.

    What’s the reason for such a rush towards Serbia’s mineral wealth?

    The fundamental question naturally arises: why such a rush for Serbia’s mineral wealth? For what reasons do foreign mining companies come to Serbia, and what is it that attracts them so much? I believe the answer is quite simple and boils down to the fact that the state’s attitude toward environmental preservation is the last “missing piece” and is evident at nearly every turn, from air pollution and wastewater, which serves as waste collectors, to garbage dumps and waste scattered in various locations, destruction of nature, lack of law enforcement, poorly conducted environmental impact studies, various projects that exist only on paper, the population’s attitude towards the environment in which they live, and the list goes on, as it would indeed be quite extensive.

    On the other hand, the noticeable dysfunctionality and incompetence of institutions, the lack of transparency in decisions and finances, and the corruption that plagues this society make Serbia a severely ill patient.

    In a nutshell, Serbia is a country where non-transparent agreements often lead to hasty and ill-considered projects. Speaking about the Jadar project with the residents of Gornje Nedeljice, the President of Serbia stated that “we do not have the right to ruin the lives of a greater number of people than originally planned,” directly highlighting how uncritically and thoughtlessly the Jadar project was approved and handed over to Rio Tinto to begin resettlement and persuade the population with neatly packaged propaganda and irresistible offers.

    On the other hand, it is clearly demonstrated what a neglectful attitude the state has towards the environment and natural resources, including the population that lives and earns a living there. In short, everything started haphazardly, as is often the case when there is no clear insight into the technological process and its consequences, except for the declaration that everything will be according to the latest standards, which is a commonplace in Rio Tinto’s propaganda portfolio. The meeting at the Serbian Academy of Sciences and Arts (SANU) highlighted all the deficiencies and ambiguities of this project, especially those involving the actors engaged by Rio Tinto in the preparation of the study, related to the projection of the industrial-mining process and facilities, the disposal of mining waste left after the production of lithium carbonate, as well as the infrastructure of the complex, water borrowing for the process, and so on.

    The experts from the Mining and Geological Faculty and the “Jaroslav Černi” Institute, as expected, unequivocally gave the green light for the mining project, while those from the Biological and Forestry Faculty, who assessed the biodiversity and natural and human-made values on the surface of the mining deposit, gave a negative assessment of this project.

    Serbia must put an end to such thoughtless and superficially assessed projects and consider how it will progress further. In any case, the practice of selling off resources and planning excessive and oversized projects, as is currently happening, should cease. Serbia’s developmental opportunity lies in organizing and improving many aspects of society. To begin with, one of the secure developmental opportunities could be the restoration of the neglected environment, as there is a significant and long-term task ahead in that regard, given the prolonged negligence. At least, let our air and waterways become cleaner, and let’s stop the reckless conversion of agricultural and forest land into construction and industrial areas.

    The case of the planned mine in Jadar is a paradigm of environmentally and socially irresponsible behaviour, which, if realized, would be evidence that the old practice of selling off and managing natural resources continues to the detriment of the harmonious and balanced life of the population that has inhabited and endured in that part of Serbia for centuries, in a beautiful, gentle, and fertile region. Therefore, the value of the Jadar region far exceeds the money from lithium carbonate that Rio Tinto will reap, and which, as is often the case, will leave devastation in its wake after exploitation.

  • KGHM Secures a $450 Million Credit Facility to Cover Operational Costs

    KGHM Secures a $450 Million Credit Facility to Cover Operational Costs

    KGHM Polska Miedź S.A., a leading copper producer, has announced its plan to sign a substantial credit agreement by February 26, 2024. The management board has approved the procurement of a $450 million unsecured revolving credit facility from Bank Gospodarstwa Krajowego. This strategic financial move is aimed at covering the company’s current operational expenses. The credit facility, which will be available for an initial financing period of up to 60 months with an option to extend for an additional 24 months, offers KGHM flexible financial support. For the first 36 months following the signing of the agreement, the credit will function as a renewable line of credit, where each repayment refreshes the available credit limit. After this period, the credit will convert into a term loan, repayable in four equal semi-annual capital instalments, unless an extension is exercised. KGHM has the option to extend the renewable credit line for two additional 24-month periods, with the first extension request possible after 30 months and the second after 54 months. The credit can be utilized in USD, and the funds will be allocated to general corporate purposes. The interest rate for the credit is based on the SOFR benchmark rate plus a margin, which is contingent on the financial ratio of net debt to EBITDA. The other terms of the credit are consistent with standard conditions for such transactions. 

  • Uzbekistan buys 9 tons of gold in December 2023

    Uzbekistan buys 9 tons of gold in December 2023

    The Central Bank of Uzbekistan has emerged as the world’s second-largest gold buyer, the World Gold Council has reported. In December 2023 alone, the region’s second-largest economy purchased 9 tons of the precious metal. This is a significant increase from the 6.5 tons it had acquired in 3Q23.

    Global Central Bank Gold Holdings

    Global central bank gold holdings saw an increase of 28 tons in December. Turkey took the lead as the largest buyer, augmenting its reserves by 28 tons in a single month. Following Uzbekistan, China also made substantial purchases, securing a place in the top three with a purchase of 9 tons.

    Kazakhstan and Kyrgyzstan’s Gold Sales

    Contrary to the buying trend, Kazakhstan emerged as the main seller of gold in December. The country sold five times more precious metal compared to the previous month – 10 tons in December, a significant increase from the 2 tons sold in November. Additionally, neighbouring Kyrgyzstan also sold 2 tons of gold in December.

    Implications and Future Trends

    The recent surge in gold purchases by central banks, particularly in Uzbekistan, Turkey, and China, underscores the growing importance of gold as a strategic reserve. This trend is expected to continue, given the ongoing economic uncertainties and the role of gold as a safe-haven asset. However, the selling trend observed in Kazakhstan and Kyrgyzstan indicates a different strategic approach towards gold reserves in these countries.

    Uzbekistan has one of the largest gold mines in the world, Muruntau. Located in the mountains of Murintau in the south-west of the Kyzylkum desert, on the territory of the Tamdyn district of the Navoi region, the mine has estimated reserves of 150mn ounces of gold in reserves and resources. President Mirziyoyev of Uzbekistan announced on February 1  that gold production in the country grew by 23% over the last 7 years.

  • Revolutionizing Resource Management: PGE Ekoserwis Leading the Charge

    Revolutionizing Resource Management: PGE Ekoserwis Leading the Charge

    In 2023, PGE Ekoserwis, a subsidiary of the PGE Group, successfully managed 3.5 million tons of residual combustion products. Gypsum, ashes, and slag, byproducts of the combustion process in energy production, found applications across various sectors including construction, agriculture, livestock farming, and mining. This strategic utilization not only conserved natural resources but also minimized the creation of new landfills, consequently reducing carbon dioxide emissions.

    Pioneering Research and Development

    Through its research and development arm, the GOZ Research and Development Center in Bełchatów, along with a team of highly skilled technologists and collaborations with academic and scientific institutions, PGE Ekoserwis has pioneered the development and implementation of high-quality materials and products for diverse applications, notably in the construction sector.

    Sustainable Infrastructure Solutions

    The adoption of alternative materials, derived from ashes and slag generated during coal combustion in energy production, is increasingly prevalent in the construction industry. These materials offer ecological benefits and contribute significantly to reducing the extraction of natural minerals, optimizing resource consumption, mitigating carbon dioxide emissions, and minimizing waste generation.

    Driving Green Initiatives

    Within the PGE Group, prioritizing eco-friendly practices is paramount, with PGE Ekoserwis leading the Closed-Loop Economy (GOZ) segment. This entity specializes in collecting residual combustion products, processing them into high-value construction materials, and ensuring their full integration into various construction projects nationwide.

    Transforming Byproducts into Assets

    In the preceding year, PGE Ekoserwis procured over 800,000 tons of synthetic gypsum, primarily supplying the cement and construction industries. Gypsum, utilized as a fertilizer, contributed to agricultural enhancement and mushroom cultivation. Additionally, it was exported to the Netherlands for construction purposes.

    Versatile Applications in Construction

    Ashes were directed towards cement factories, concrete plants, precast element manufacturers, chemical construction companies, and foundries. Noteworthy applications included road engineering projects such as the A2 motorway and various expressways and bypasses across the country.

    Diverse Utilization Across Industries

    In addition to road construction, the products derived from residual combustion products were instrumental in railway infrastructure projects, environmental remediation efforts, and large-scale engineering endeavors. Hydrotechnical binders supplied by PGE Ekoserwis were vital components in water management and land reclamation projects, including flood protection embankments along the Nysa Łużycka River.

    Leadership in Sustainable Business Practices

    PGE Ekoserwis, with over three decades of experience in managing residual combustion products, offers a portfolio of over 200 certified products derived from both combustion and mining byproducts. These products adhere to stringent environmental standards and undergo rigorous quality assurance m

  • Russia’s Rosatom joins setting educational hub for industrial digitization in Tajikistan

    Russia’s Rosatom joins setting educational hub for industrial digitization in Tajikistan

    Discussions were held in Tajikistan regarding the establishment of an educational center for industrial digitization and information technologies in the country, Trend reports.

    The issue was deliberated among the Committee on Architecture and Construction under the Government of Tajikistan, Russia’s “Rosatom” state corporation, and the Moscow State University of Civil Engineering.

    During the meeting, the parties endorsed the establishment of an educational center in Tajikistan focused on industrial digitization and information technologies.

    Additionally, they discussed the training of specialists at Moscow State University of Civil Engineering in Russia. The parties expressed their readiness to collaborate in the field of education and the professional development of specialists.

    The sides also reviewed a roadmap to strengthen cooperation on issues outlined in the Memorandum signed on October 20, 2023, between the Committee on Architecture and Construction under the Government of Tajikistan, the Ministry of Construction and Housing and Communal Services, and “Rosatom”.

  • Казахстан производит и перерабатывает 19 видов важнейшего сырья, утвержденного Европейским Союзом.

    Казахстан производит и перерабатывает 19 видов важнейшего сырья, утвержденного Европейским Союзом.

    Наш мир стремится к глобальному энергетическому и цифровому развитию, в связи с чем растет спрос мирового рынка на важнейшие сырьевые материалы.

    Казахстан производит и перерабатывает 19 видов важнейшего сырья, утвержденного Европейским Союзом.

    Сырье, производимое в Казахстане, транспортируется в США, КНР, Южную Корею, Великобританию, РФ и страны ЕС.

    На сегодняшний день производители Казахстана поставляют на европейский рынок металлические и химические продукты, такие как бериллий, тантал, титан, метаванадат аммония и фосфор.

    По производству меди Казахстан входит в топ-10 стран мира. В Казахстане есть возможности организовать кластер по производству аккумуляторного сырья, такого как никель, кобальт, марганец и литий. Эти предшественники станут основным источником сырья для растущего производства электромобилей.

    Одной из основных проблем отрасли добычи редких металлов является зависимость от импортного сырья. Также развитию производства важнейшего сырья препятствует износ технологий и оборудования предприятий.

    Основные проблемные вопросы отражены в комплексном плане развития отрасли редкоземельных металлов на 2024-2028 годы, разработанном на основе поручения Главы государства Касым-Жомарта Токаева в рамках Послания народу Казахстана «Экономический ориентир справедливого Казахстана».

    Комплексный план утвержден Постановлением Правительства от 28 декабря 2023 года.

    Министерство промышленности работает над решением поставленных задач на ближайшие пять лет.

    Фото: из открытых источников

    Пресс-служба Министерства промышленности и строительства РК