Tag: energy resources

  • Kazakhstan to Begin Partial Development of Sarykum Anthracite Coal Deposit Near Balkhash

    Kazakhstan to Begin Partial Development of Sarykum Anthracite Coal Deposit Near Balkhash

    Kazakhstan is preparing to partially develop the Sarykum anthracite coal deposit located near the city of Balkhash in the Karaganda region, according to a mine closure and rehabilitation plan related to operations at the site.

    The project documentation indicates that high-quality anthracite from the deposit is expected to be supplied primarily to ferrous and non-ferrous metallurgy industries. Additional industrial applications may include the production of absorbents, electrodes, electrocorundum and carbon powders. Lower-grade coal that does not meet anthracite specifications is planned to be used for municipal heating and domestic consumption in Balkhash and nearby settlements in the Aktogay district.

    Anthracite is relatively rare in Kazakhstan and is valued for its high calorific value and heat output. Although it has a high energy content, the fuel is more difficult to ignite compared with other coal types. Historically, limited anthracite production in Kazakhstan occurred at the Zhamantuz deposit in Pavlodar region, where reserves were small.

    Globally, the largest anthracite reserves are concentrated in Russia and China. Russia accounted for nearly all of China’s anthracite imports in 2025, reflecting strong demand and high margins for this coal type.

    Unlike many anthracite deposits that are mined underground due to their depth, extraction at Sarykum is planned through open-pit mining, likely due to the geological structure of the deposit.

    According to project documentation prepared for Alfa Plast LLP, average ash content in Sarykum coal exceeds 42 percent, though the material may be beneficiated and processed into concentrate.

    The mine development plan covering the period until 2050 предусматривает extraction of approximately 20.01 million tonnes of coal from total reserves estimated at 170.63 million tonnes as of January 1, 2025. Following this period of production, the project foresees conservation of the open pit.

    Production capacity at the mine is expected to gradually increase from about 10,000 tonnes per year in the early stage to 1 million tonnes annually by 2035. Output at this level is planned to continue until 2048, after which production will decline to around 500,000 tonnes by 2050.

    The Sarykum deposit was previously the subject of a legal dispute between Kazakhstan’s Ministry of Industry and Sarykum Group LLP over alleged violations of subsoil use obligations, with authorities at one point considering placing the asset up for auction.

  • US Treasury Secretary to Visit Ukraine Amid Resource and Security Discussions

    US Treasury Secretary to Visit Ukraine Amid Resource and Security Discussions

    US Treasury Secretary Scott Bessent will travel to Ukraine this week, marking the first cabinet-level visit from former President Donald Trump’s administration to the war-torn country. The visit aims to negotiate US access to Ukraine’s rare earth minerals, energy resources, and key state-owned enterprises as part of a broader effort to end the Russia-Ukraine war and strengthen American resource security.

    According to an anonymous source, discussions will cover the possibility of a resource-sharing pact, under which the US would gain access to Ukrainian rare earths in exchange for ongoing support against Russian aggression. Trump and Ukrainian President Volodymyr Zelenskiy have expressed mutual interest in such an arrangement.

    US National Security Adviser Mike Waltz further emphasized on Sunday that the US aims to recoup its war-related expenditures by partnering with Ukraine on energy and natural resource projects, including oil and gas.

    A high-profile US delegation, including Secretary of State Marco Rubio, Vice President JD Vance, Defense Secretary Pete Hegseth, and Special Envoy for Ukraine Keith Kellogg, will also hold talks with European allies and Ukrainian officials this week.

    The Trump administration is reportedly pressuring European nations to purchase more American weapons for Ukraine, a move aimed at strengthening Kyiv’s defenses ahead of potential peace negotiations with Moscow.

  • Kazatomprom Expands Uranium Exploration with New License

    Kazatomprom Expands Uranium Exploration with New License

    Kazakhstan’s national atomic company, Kazatomprom, has added a new license for geological exploration to its portfolio, focusing on the Budyonovskoye area. According to an announcement on the company’s official website, Kazatomprom is set to explore uranium deposits in the “Severnoye” block.

    The newly targeted site is located in the Shu-Sarysu Uranium Province in the Suzak district of the Turkestan region. Kazatomprom has secured a six-year subsoil use contract, with an option to extend it for an additional five years. Preliminary estimates place the predictive uranium resources at over 100,000 tons, classified as R1 and R2. During the contract period, the company plans to reassess these resources and elevate them to higher confidence categories, C1 and C2.

    According to Meirzhan Yusupov, Chairman of Kazatomprom, the Severnoye block has substantial potential, thanks to its large metal reserves, favorable geological conditions, and proximity to the company’s other operational uranium projects.

    Earlier this fall, Kazatomprom received a license to explore Block No. 5 on the southern flank of the Budyonovskoye area. However, its estimated reserves are comparatively smaller at 18,000 tons of uranium.