Tag: Mining industry

  • Harnessing Data Automation in the Mining Industry: Enhancing Report Accuracy and Decision-Making

    Harnessing Data Automation in the Mining Industry: Enhancing Report Accuracy and Decision-Making

    In the mining sector, vast amounts of data are processed daily from various sources such as task orders, shift reports, instrument readings, and accounting logs. Any discrepancies—be it a measurement error, a missed event, or an incorrectly recorded downtime—can distort the operational picture, leading to misguided management decisions and unplanned downtimes that can result in significant financial losses for mining companies. Automation of reporting is emerging as a vital solution to streamline data handling, transforming disparate metrics into reliable summaries.

    Tim Zinin, managing partner at ‘Zinin, Shturbin and Partners’, a firm specialising in the implementation of AI in industrial documentation, elaborates on the tools available for automating reports. One of the critical issues in shift reporting is that the final report rarely reaches management in a complete form. Zinin points out that the same shift hour may be described differently in various documents, creating confusion. For instance, one employee may note a ‘conveyor stop’, while another might refer to it as ‘loading unit downtime’. This inconsistency, along with variations in recording times and measurement units, leads to reports that lack a direct link to the original source, rendering the aggregated data unreliable.

    The data processing begins with collecting primary sources such as scanned documents, photographs of forms, data exports from accounting systems, and Excel spreadsheets. The digital system structures these documents by identifying the site, shift, equipment, and relevant metrics. It extracts events from free text, such as specific equipment stoppages or complaints about safety conditions. Handwritten notes and illegible scans require additional steps for recognition, ensuring that errors are flagged for human verification before being included in the summary.

    The automation process culminates in a comprehensive report that can be generated daily, weekly, or by site. When management poses a question, they receive an answer linked to the specific document and the relevant line within it, allowing for rapid verification of claims. Zinin emphasises that every figure and statement must trace back to the original report, enhancing accountability and transparency in data reporting.

    However, Zinin cautions that AI should not replace human oversight in certain situations. When discrepancies arise between two versions of a report, the system prompts human intervention to determine the correct version. Moreover, the system must also account for access rights, as different employees may have varying permissions to view specific documents. Critical incidents, such as accidents or safety issues, must always be reviewed by a human, ensuring that the decision-making process remains robust and informed.

    To successfully implement automated reporting, several conditions must be met: a unified list of equipment and sites for data comparison, a documented version of regulations and instructions, and a designated individual responsible for resolving disputes. The effectiveness of automation can be measured through metrics such as the time taken from the end of a shift to the completion of a report, the percentage of reports processed without manual adjustments, and the frequency of disputes flagged for human review.

    Prominent companies in Central Asia are already digitising their documentation processes and automating report handling. For instance, the Almalyk Mining and Metallurgical Complex has implemented a business process management system that has reduced paper reports by 92%. Similarly, the Eurasian Resources Group has automated 47 business processes, resulting in a 40% reduction in approval times and saving $50,000 annually in processing costs. These examples highlight how digital transformation is simplifying production management in the mining industry, paving the way for more efficient operations and improved decision-making.


  • Navoiyuran Reports 136% Surge in Net Profit for H1 2026

    Navoiyuran Reports 136% Surge in Net Profit for H1 2026

    Navoiyuran, a state enterprise in Uzbekistan, has reported a remarkable 136.1% increase in net profit for the first half of 2026, reaching nearly 4.3 trillion soums. This significant growth is compared to the 1.8 trillion soums recorded during the same period in 2025. The company’s net revenue also saw a substantial rise, growing by 101.8% year-on-year to 9.7 trillion soums, while gross profit surged by 109.1%, exceeding 7 trillion soums.

    The financial health of Navoiyuran has improved markedly, with total assets climbing to 19.8 trillion soums, reflecting a 70.5% increase from the previous year. Capital has also risen by 60.1% to 15 trillion soums, and retained earnings have increased by 73.3% to reach 13.3 trillion soums. Over the past year, the enterprise’s total profit amounted to 7.9 trillion soums, which is 56.6% higher than the previous year.

    However, the company has also seen an increase in long-term bank loans, which rose to 3.6 trillion soums by the end of the reporting period, compared to 1.6 trillion soums a year earlier. This increase in debt may be a point of concern as the company prepares for future growth.

    Looking ahead, Navoiyuran is planning to conduct an initial public offering (IPO) in the latter half of 2026, aiming to offer between 10 to 15 percent of its shares. Despite these ambitious plans, the company has yet to transition from a state-owned enterprise to a joint-stock company, which is a crucial step before the IPO can take place. The expected IPO could provide Navoiyuran with additional capital to further enhance its operations and financial standing in the competitive mining sector.

  • Kazakhstan Maintains Position Among Top Copper Producers with 710,000 Tonnes in 2025

    Kazakhstan Maintains Position Among Top Copper Producers with 710,000 Tonnes in 2025

    Kazakhstan’s copper industry has reaffirmed its status as a significant player in the global market, producing 710,000 tonnes of copper in 2025. This output has secured the country a place in the top ten copper-producing nations, ranking ninth alongside Indonesia, which reported similar production figures. The data, sourced from the Energy Institute and the United States Geological Survey, highlights Kazakhstan’s continued relevance in the competitive landscape of copper mining.

    The global copper production landscape is led by Chile, which produced a staggering 5.3 million tonnes in the past year. The Democratic Republic of Congo follows in second place with 3.2 million tonnes, while Peru rounds out the top three with 2.7 million tonnes. China and Russia occupy the fourth and fifth positions, respectively, with outputs of 1.8 million tonnes and 1.3 million tonnes.

    In addition to Kazakhstan and Indonesia, other notable producers include the United States, which achieved a production level of 1 million tonnes, Zambia at 740,000 tonnes, and Australia with 730,000 tonnes. Collectively, the top ten copper-producing countries accounted for a total of 18.39 million tonnes of copper, contributing significantly to the estimated global production of over 23 million tonnes, as reported by the Energy Institute.

    Kazakhstan’s performance in copper production not only underscores its mining capabilities but also reflects the country’s strategic importance in the global supply chain for this essential metal, which is critical for various industries, including electronics and renewable energy. As demand for copper continues to rise, Kazakhstan’s position in the market may further strengthen, providing opportunities for investment and development in its mining sector.


  • Tin One Mining to Construct Major Tin Processing Plant in Kazakhstan

    Tin One Mining to Construct Major Tin Processing Plant in Kazakhstan

    At the Qyzyljar Investment Forum 2026, a significant agreement was reached that paves the way for the industrial development of the largest untapped tin deposit in Central Asia. Tin One Mining, a subsidiary of Solidcore Resources, has signed a memorandum with the relevant administration of the North Kazakhstan region, solidifying plans to build a mining and processing plant at the Sarymbet site.

    According to the memorandum, the investor is committed to investing at least 150 billion tenge (approximately 315.5 million dollars) into the development of the resource, the construction of the facility, and the creation of supporting infrastructure, pending approval from the parent company’s board of directors. Regional authorities will assist the investor in project execution, taking on administrative support and facilitating agreements with government bodies.

    Tin One Mining aims to establish the extraction and processing of raw materials using modern technologies. The company promises to implement advanced global solutions in environmental protection and industrial safety within its operations. Once fully operational, the plant is expected to employ around 800 people, with a preference for hiring qualified specialists from the local community.

    The project’s significance is underscored by the scale of its resource base. The Sarymbet deposit, discovered in 1985, holds over 70% of Kazakhstan’s tin reserves. According to JORC standards, the deposit contains 492.4 thousand tonnes of tin with an average grade of 0.40%, along with by-product copper amounting to 91.4 thousand tonnes at a grade of 0.07%. In total, this equates to approximately 5.9 million ounces of gold equivalent.


  • Eldorado Gold Reports Progress on Skouries Project and Q2 2026 Financial Results

    Eldorado Gold Reports Progress on Skouries Project and Q2 2026 Financial Results

    Eldorado Gold Corporation has announced that its Skouries Project in Greece has reached 97% completion and is on track to commence production of copper-gold concentrate in the third quarter of 2026, with full commercial production expected by the fourth quarter. The project is anticipated to contribute significantly to the company’s growth, with projections for 2026 indicating gold production between 60,000 to 100,000 ounces and copper production of 20 to 40 million pounds. This development is part of Eldorado’s broader strategy to enhance its operational portfolio and cash flow generation.

    In its second quarter financial results for 2026, Eldorado reported gold production of 104,616 ounces and revenues of $487.5 million, reflecting a favourable gold price environment despite a decrease in production compared to the previous year. The company’s total cash costs per ounce sold increased to $1,432, influenced by higher production costs and lower sales volumes. Eldorado’s net earnings attributable to shareholders rose to $172.8 million, or $0.69 per share, signalling a strong performance amid ongoing investments in growth projects.

    The Skouries Project, part of the Kassandra Mines Complex, is expected to play a pivotal role in Eldorado’s future operations, with a feasibility study indicating a 20-year mine life and average annual production of 140,000 ounces of gold and 67 million pounds of copper. The company has secured concentrate sales agreements for the expected production volumes in 2026 and is actively working on finalising additional agreements to cover production through 2029. With significant capital investments planned, Eldorado is well-positioned for a successful ramp-up to commercial production, supported by a robust operational framework and strategic partnerships.


  • Kazakhstan Rises to Third Place in Global Tungsten Production Amid Price Surge

    Kazakhstan Rises to Third Place in Global Tungsten Production Amid Price Surge

    Kazakhstan has emerged as the world’s third-largest tungsten producer following the launch of the Bogutinskoye deposit, marking a significant shift in global supply dynamics. The development comes amid a sharp increase in tungsten prices, which surged by 557% by early March 2026 after China imposed export restrictions on the metal in February 2025.

    According to recent analysis by Kursiv Research, tungsten concentrates entered Kazakhstan’s export portfolio for the first time in 2025. The country exported 3.7 thousand tonnes of tungsten ore and concentrates, generating $71 million in revenue, with all shipments directed to China. Despite its relatively modest ranking at 71st place in Kazakhstan’s export structure, tungsten has quickly become a strategically important commodity.

    The Bogutinskoye project, operated by Zhetysu Tungsten and backed by Hong Kong-based Jiaxin International Resources Investment, has played a central role in this development. The processing plant produces a 65% concentrate, with total investment commitments reaching $450 million. Plans are also underway to develop downstream processing capacity, including a $100 million project to produce ammonium paratungstate, a higher-value tungsten product.

    Data from the US Geological Survey confirms Kazakhstan’s rapid ascent in the sector. In 2025, the country produced approximately 2.4 thousand tonnes of tungsten (in metal equivalent), placing it behind China and Vietnam. The expansion of production capacity and ongoing investment projects are expected to further strengthen Kazakhstan’s position in the global market.

    Tungsten’s strategic importance has grown significantly in recent years, particularly in the context of geopolitical tensions. The metal remains on the US list of critical minerals, essential for defence, construction, and high-tech manufacturing. China continues to dominate global supply, accounting for nearly 79% of production in 2025, while also tightening export controls in response to trade measures from the United States.

    In response, the US has intensified efforts to diversify supply chains through international partnerships. A key development is the joint venture between Kazakhstan’s Tau-Ken Samruk and US-based Cove Capital to develop the Upper Kairakty and Northern Katpar deposits. The project, with an estimated investment of $1.1 billion, is expected to significantly boost Kazakhstan’s production of ammonium paratungstate and could position the country as the world’s second-largest producer of this material.

    The agreement reflects broader geopolitical competition over critical minerals, with both Western and Chinese companies seeking access to Kazakhstan’s resource base. Analysts note that rising prices and supply restrictions have accelerated investment activity and heightened strategic interest in the region.

    In parallel, Kazakhstan is strengthening state control over critical mineral resources, with legislative changes expected in 2026 to grant priority extraction rights to the national mining company. Private sector players are also advancing new projects, including the development of the Drozhilovskoye deposit with financing from the US Export-Import Bank.

    As global demand for critical minerals continues to rise, Kazakhstan is positioning itself as a key supplier in an increasingly competitive and politically sensitive market.

  • Kazakhstan Plans Launch of New Metallurgical Plants Under Multi-Year Industry Expansion

    Kazakhstan Plans Launch of New Metallurgical Plants Under Multi-Year Industry Expansion

    Kazakhstan is set to accelerate development of its metallurgical sector, with seven new metallurgical enterprises scheduled to begin operations in 2026, according to the Ministry of Industry.

    The total investment in the first phase of projects is estimated at KZT 154 billion. By the end of the year, the country expects to commission new production facilities manufacturing ferrosilicon, longitudinal welded and galvanised pipes, as well as reinforcing steel products of various diameters. The projects are expected to create more than 1,100 jobs across several regions.

    A further seven metallurgical plants are planned for launch within the following two years, supported by investments exceeding KZT 2 trillion. These facilities will focus on the production of ferroalloys, profile and strip steel, steel billets, large-diameter pipes and industrial wire products.

    The Ministry projects that expansion in the ferrous metallurgy sector will generate approximately 3,500 additional jobs between 2027 and 2028, including around 1,200 positions in rural areas.

    In parallel, another 16 industrial projects are currently at the design and approval stage. Planned developments include production of high-purity manganese, hot-briquetted and sponge iron, premium-grade steel, grinding balls and other materials required by Kazakhstan’s mining and metallurgical complex.

    Potential investment in these longer-term initiatives could reach KZT 2.8 trillion and is expected to create up to 5,500 additional jobs nationwide.

    Despite strong investment momentum, early-year production indicators in the sector showed mixed performance. Steel output declined by 5.7 percent to 339,500 tonnes, while rolled steel production increased by 11.1 percent to 292,400 tonnes, reflecting shifting demand dynamics within domestic and export markets.

  • Sibanye Stillwater Reaffirms Battery Metals Strategy Despite Keliber Impairment

    Sibanye Stillwater Reaffirms Battery Metals Strategy Despite Keliber Impairment

    South African mining group Sibanye Stillwater remains committed to its battery metals strategy despite recording an additional 2.46 billion rand ($152.6 million) impairment on its Keliber lithium project in Finland, CEO Richard Stewart said during a results call.

    The company, which began in 2013 with three gold mines before expanding into platinum group metals, has in recent years diversified into lithium, nickel and zinc as part of a strategic shift toward metals used in renewable energy and decarbonization technologies.

    In 2025, Sibanye booked total impairments of 7.8 billion rand on Keliber, reflecting a weaker long-term price outlook for lithium hydroxide. The asset is currently valued at approximately 9 billion rand. Earlier in February 2025, the company also withdrew plans to invest in the Rhyolite Ridge lithium project in the United States after lithium prices declined sharply.

    Stewart said the group’s long-term strategy remains focused on supplying critical metals that support the global energy transition. At Keliber, Sibanye has opted for a phased production approach, beginning with spodumene concentrate while deferring potential production of battery-grade lithium hydroxide until market conditions improve.

    He added that policy initiatives by the European Union and the United States to reduce reliance on Chinese battery metals could improve the long-term pricing environment for projects such as Keliber.

    Financially, Sibanye reported headline earnings of 2.44 rand per share in 2025, compared with 0.64 rand the previous year. The improvement was driven by stronger commodity prices, including a 39% increase in the average rand gold price and a 28% rise in the average South African platinum group metals basket price.

    The stronger performance enabled the diversified miner to declare its first dividend since 2023.

  • Atameken Committee Reviews Constitutional Reform, Mining Roadmap and Rail Tariff Risks

    Atameken Committee Reviews Constitutional Reform, Mining Roadmap and Rail Tariff Risks

    Kazakhstan’s Committee for Geology, Mining, Coal and Metallurgical Industry under the Presidium of the National Chamber of Entrepreneurs “Atameken” convened to review key policy issues, including constitutional reform, implementation of the Mining and Metallurgical Complex (MMC) Roadmap, and risks linked to a proposed new rail tariff model. The meeting was chaired by Committee Head Nikolai Radostovets and attended by Atameken Presidium Chairman Kanat Sharlapayev and Deputy Chair of the Management Board Gulnara Bizhanova.

    Outlining priorities for 2026, Sharlapayev said the Committee’s agenda was shaped through consultations with industry associations and businesses and would be refined as sector challenges evolve. Among the top priorities is resolving legal inconsistencies between subsoil use and land use rights, an issue affecting companies of all sizes. He also stressed the need to consolidate the MMC’s position in discussions around the new Tax Code, including royalty mechanisms, and to preserve export potential through predictable customs regulation.

    Sharlapayev emphasized that Atameken remains the principal platform for dialogue between business and government and called for greater industry unity. He urged companies to avoid fragmentation into parallel negotiation platforms, highlighting the importance of presenting a consolidated position during a period of political transformation.

    Radostovets described the constitutional reform as part of broader state modernization aimed at strengthening institutions and building a competitive economy. He noted that Kazakhstan’s economy has grown at around 6% annually and underlined the importance of reinforcing rule of law, property rights and predictable conditions for long-term investment.

    The Committee also examined progress on the MMC Development Roadmap prepared by the Ministry of Industry and Construction. According to Rustam Shuntukov, Managing Director of Atameken’s MMC Department, the roadmap includes 15 measures, though only about five of 42 business proposals were reflected in the final document. Positive elements include support for processing technogenic mineral formations, SME development, improved subsoil liquidation procedures, and preparation of a Critical Minerals Strategy to 2030.

    Participants further discussed concerns regarding a new rail tariff methodology being developed for Kazakhstan Temir Zholy. Business representatives warned that key proposals from Atameken had not been incorporated and supported commissioning an independent expert review.

    The Committee concluded the meeting by approving its 2026 work plan.

  • Glencore Shifts Focus to Asset Sales After Failed Merger Talks With Rio Tinto

    Glencore Shifts Focus to Asset Sales After Failed Merger Talks With Rio Tinto

    Following another breakdown in merger talks with Rio Tinto, Swiss mining major Glencore is turning its attention to asset sales as part of a strategy to strengthen its copper portfolio, Reuters reported.

    Discussions aimed at creating a global mining giant valued at around $240 billion collapsed this week due to disagreements over valuation and ownership structure. The failed talks mark the third unsuccessful attempt to merge the two companies, following earlier efforts in 2014 and 2024.

    As part of its portfolio reshaping, Glencore is expected to announce the sale of a 70% stake in KazZinc in the coming weeks. Analysts estimate the value of the asset at around $5 billion. KazZinc is a major producer of zinc, lead, and gold in Kazakhstan.

    Glencore Chief Executive Gary Nagle has repeatedly spoken in favour of industry consolidation, arguing that combining assets can unlock value and make the mining sector more attractive to investors.

    The company has also set a long-term goal of increasing copper production to 1.6 million tonnes by 2035, up from 852,000 tonnes produced in 2025, through a combination of new mine development and the restart of existing operations.

    In the near term, investors expect Glencore to prioritise divestments to create a more focused copper mining and metals trading business. Talks are reportedly under way to sell a 40% stake in Glencore’s copper and cobalt operations in the Democratic Republic of Congo to a consortium led by Orion Critical Minerals, with backing from the United States.

    Separately, Glencore is exploring potential cooperation with Brazil’s Vale on the joint development of copper deposits in Canada.

    Since the collapse of the Rio Tinto talks, Glencore shares have fallen by more than 10%, although they remain up 19% year-to-date. The company is also reviewing its coal portfolio and has not ruled out a partial spin-off of coal assets to raise additional capital.

    In Kazakhstan, Glencore continues to invest in gold production. In December 2025, the company allocated nearly $500 million to extend the life of the Vasilkovskoye gold mine in the Akmola Region, operated by Altyntau Kokshetau, the main gold supplier for KazZinc.

    Industry expert Nurlan Zhumagulov noted that Altyntau Kokshetau ranked thirteenth among Kazakhstan’s largest taxpayers in 2025, contributing 142 billion tenge, a year-on-year increase of 47%.

    It was also reported that Kazakh businessman Shakhmurat Mutalip is in talks to acquire a 70% stake in KazZinc. In January 2026, he registered two new companies at the Astana International Financial Centre: KazZinc Group Ltd and Central Asia Resources Holding Ltd.