Central Asia Metals Limited (CAML), a London-based mining company with operations in Kazakhstan and North Macedonia, disclosed its full-year results for 2023, ending on December 31st, earlier this week on March 25th. Despite facing global economic headwinds, CAML continued its investment initiatives, particularly focusing on the development of its mining projects in North Macedonia and Kazakhstan. Nigel Robinson, CAML’s CEO, highlighted the company’s commitment to enhancing operations at the Sasa and Kounrad mines, including the transition to paste fill mining at Sasa and the completion of a solar power project at Kounrad. Despite challenges posed by a sluggish global economy and declining metal prices, CAML managed to meet its production targets, emphasizing its low-cost operations and robust financial position.
Tag: Economic challenges
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Due to delays in the payment of salaries, employees from Turkmengeologia in Mary are dismissed
Employees are dismissed from the Mary subdivision of exploration drilling of the State Corporation “Turkmengeology”. People have not received their salaries for several months, correspondents of “Chronicles of Turkmenistan” report.
Exploration work is not carried out due to the lack of reagents for the drilling fluid. Three months ago, the workers were paid 1,500 manats each, although even then the work was not carried out. Since then, the problem with the lack of components for the solution has not been resolved. Those who quit are mostly residents of the villages adjacent to Mary. Some of the unemployed were able to go to work in Turkey or Russia.
One of the former exploration workers, a resident of the Sakarchaginsky etrap, reports that many of his fellow villagers are leaving for the city of Sochi (Russia). Including women who get jobs in cafes and restaurants. Some left as labor migrants, others permanently with their families.
– There are no jobs. Our and neighboring villages are practically empty. Only old people and dogs remained, – said a resident of the etrap.
The wave of emigration from Turkmenistan has also affected the officers of the Ministry of Defense, Turkmen news reports. Officers of military units, military schools and even military registration and enlistment offices are dismissed and go abroad, despite the fact that they have a good income in the form of bribes during the draft period.
“Many people believe that the military is restricted to travel abroad, but this is not so. There are ways to leave, ”the newspaper writes.
It is also reported that policemen and employees of the oil and gas sector are leaving en masse. In the city of Gazachak, Lebap velayat, in order to avoid the outflow of personnel abroad, passports were taken away from employees of the gas sector.