MINEX Forum

Tag: Mining industry

  • ERG Opens Pioneering Solar-Powered School in Kazakhstan as Part of KZT15 Billion Education Drive

    ERG Opens Pioneering Solar-Powered School in Kazakhstan as Part of KZT15 Billion Education Drive

    The KZT7.8 billion (£13.7 million) school, which can accommodate 1,200 students, is part of ERG’s “ERG mektep” (“ERG for Schools”) programme. This initiative has channelled over KZT15 billion into education in Kazakhstan in recent years.

    The new building, spanning over 19,590 square meters, is one of the largest constructed under the state-led Keleshek Mektepteri (“Schools of the Future”) initiative. It incorporates modern features focusing on ergonomics, inclusivity, and energy efficiency. The school also features advanced security systems integrated with artificial intelligence.

    Shukhrat Ibragimov, Chairman of the Board of Directors and CEO of ERG, expressed pride in the project’s inclusion in the national initiative. He quoted Kanysh Satbayev, a prominent Kazakh scientist, stating, “The future belongs to young people. But in order to be prepared for this future, they need to be equipped with knowledge.”

    The school boasts 60 classrooms, four computer labs, a STEM laboratory, a robotics room, and language labs. It also includes hydroponic systems for biology and ecology studies and a media centre with a podcast studio. Digital assistants will assist teachers, providing tailored learning tasks for students.

    A key feature of the design is its focus on inclusivity, with accessible classrooms and special elevators to accommodate students with special educational needs. The Akim of the Kostanay Region, Mr Kumar Aksakalov, praised the collaboration between government and business, stating the school “meets all modern requirements” and will “become a solid foundation for fostering honesty, hard work, patriotism and civic responsibility among the younger generation.”

    In a joint programme with the Teach for Qazaqstan foundation, four specialist STEM teachers will join the new school to strengthen technical education. ERG has a history of supporting educational infrastructure in the country, having previously funded similar projects in the Pavlodar Region and modernisations in Aksu and Khromtau.

  • ABMEC Annual Conference and Exhibition Returns to Doncaster in November 2025

    ABMEC Annual Conference and Exhibition Returns to Doncaster in November 2025

    The Association of British Mining Engineering and Consultants (ABMEC) has announced the return of its Annual Conference and Exhibition, scheduled for 26–27 November 2025 at Doncaster Racecourse. The event, held in collaboration with the Mining Association of the United Kingdom (MAUK), will unite leading suppliers, manufacturers, and mine operators for one of the UK’s premier mining industry gatherings.

    The ABMEC Conference has established itself as a key platform for exploring the future of mining equipment, engineering excellence, and technological innovation. This year’s programme will feature keynote speeches from industry leaders, technical presentations, and an exhibitor showcase highlighting cutting-edge products, services, and solutions for the mining sector.

    Delegates can also expect extensive networking opportunities, while students are being offered free passes to encourage the next generation of engineers, consultants, and geoscientists to engage with the industry.

    Dr Kate Thornton, CEO of ABMEC, commented: “The ABMEC Conference is a vital platform for showcasing the innovation, resilience, and technical excellence that define the UK’s mining supply chain. We are especially proud this year to welcome the next generation of engineers and geoscientists through free student access, reinforcing our commitment to building a diverse and skilled future workforce.”

    With international speakers and a global audience, the 2025 event will continue to highlight the strengths of British mining engineering and consulting while addressing worldwide opportunities and challenges.

    Registration is now open for delegates and exhibitors. More information is available at www.abmec.org.uk or via email at enquiries@abmec.org.uk.

  • Kazakhmys Overhauls Safety Protocol Following Jomart Mine Tragedy

    Kazakhmys Overhauls Safety Protocol Following Jomart Mine Tragedy

    Kazakhstan’s mining and metallurgical giant Kazakhmys is implementing sweeping safety reforms following the February 2025 methane explosion at its Zhomart copper mine, which claimed seven lives. The tragedy exposed systemic risks in the sector, long regarded as one of the most hazardous in the country, and prompted regulators to issue 45 safety directives, over half of which have already been addressed.

    The company has since launched a comprehensive modernisation programme under its Digital Kazakhmys initiative. Key measures include real-time GPS tracking of all underground staff, predictive gas monitoring via advanced sensors integrated into the DMMS digital platform, and the installation of an in-house gas analysis laboratory. Additional safeguards—such as automatic equipment shutdowns when methane thresholds are exceeded—aim to reduce reliance on human intervention.

    Kazakhmys is also working with scientific institutes to study gas emissions in copper ore deposits, a relatively new phenomenon for the industry, with the aim of shaping updated mining regulations by 2026. The Zhomart mine has effectively become a testing ground for technologies that could transform Kazakhstan’s mining sector from one of the deadliest into a more predictable and manageable industry.

  • Kazakhstan Detects $1.9 Million in Subsoil Use Violations Through Digital Monitoring

    Kazakhstan Detects $1.9 Million in Subsoil Use Violations Through Digital Monitoring

    Since January 2025, Kazakhstan has operated a Unified Subsoil Use Platform, through which 2,443 operators have submitted electronic reports. The new digital monitoring tool has enabled regulators to uncover violations of subsoil use legislation.

    As a result, companies received notifications of breaches across 196 contracts and licenses, with total penalties amounting to 910 million tenge (approx. $1.9 million). In addition, 37 contracts were terminated — 30 for geological exploration, five for extraction, and two for combined activities. Authorities also revoked 61 licenses from non-compliant operators.

    The Ministry of Internal Affairs and the National Security Committee have halted illegal mining operations in four regions of the country. In the third quarter of this year, the agencies plan to issue about 350 notifications and conduct 65 on-site inspections.

    By the end of the year, a draft law on digitalization and auctions, along with amendments to allocate 50% of subscription bonuses to state geological exploration, will be submitted to the Parliament of Kazakhstan, Kazinform reports.

  • Dundee Precious Metals Shareholders Approve Adriatic Metals Acquisition and Corporate Rebranding

    Dundee Precious Metals Shareholders Approve Adriatic Metals Acquisition and Corporate Rebranding

    August 13, 2025

    Toronto, Canada – Dundee Precious Metals Inc. (TSX: DPM) has announced the results of its special meeting held on August 13, 2025, where shareholders overwhelmingly approved two key resolutions: the issuance of common shares in connection with the acquisition of Adriatic Metals plc and a name change for the company.

    Shareholder Approval for Acquisition and Name Change

    Shareholders voted to approve the issuance of DPM common shares as part of its proposed acquisition of Adriatic Metals plc, to be effected by a scheme of arrangement under Part 26 of the Companies Act. Additionally, shareholders approved an amendment to the company’s articles to change its name to “DPM Metals Inc.” or another name as approved by the board of directors, subject to regulatory approval.

    The voting results were as follows:

    Share Issuance: 121,852,918 votes in favor (99.73% of votes cast), 329,765 votes against (0.27%).
    Name Change: 125,346,665 votes in favor (99.81% of votes cast), 236,902 votes against (0.19%).
    A total of 122,182,683 shares were voted for the share issuance, representing approximately 73.19% of the issued and outstanding DPM shares. For the name change, 125,583,567 shares were voted, representing approximately 75.23% of the issued and outstanding DPM shares.

    Adriatic Shareholder Approval

    DPM also confirmed that Adriatic Metals plc has received the requisite shareholder approvals for the scheme of arrangement at its Court Meeting and General Meeting, both held earlier today.

    Next Steps and Completion of Acquisition

    The completion of the acquisition remains subject to the sanctioning of the scheme by the High Court of Justice in England and Wales, the delivery of a copy of the Court’s order to the Registrar of Companies in England and Wales, and the satisfaction or waiver of other conditions set out in the scheme document. The hearing for the Court’s sanction is currently scheduled for August 29, 2025. As announced by Adriatic, the scheme is expected to become effective on September 3, 2025.

  • Kazakhstan’s Mining Industry Grows 8.5% in First Seven Months of 2025

    Kazakhstan’s Mining Industry Grows 8.5% in First Seven Months of 2025

    Kazakhstan’s mining industry recorded an 8.5% increase in output in January–July 2025, according to figures presented at a government press conference on the country’s socio-economic performance.

    The official website of the Prime Minister noted strong results from companies extracting hydrocarbon raw materials: oil production rose by 11.9%, while gas output increased by 14.3%. Coal enterprises also posted gains, with fuel production up 10.6% despite ongoing logistical challenges.

    The manufacturing sector also saw positive momentum, expanding by 6.1%. Minister of National Economy Serik Zhumangarin highlighted ongoing efforts to diversify the economy and deepen raw material processing. Over the reporting period, machinery production rose by 14%, oil refining by 8.6%, and chemical manufacturing by 6%.

    Investments in fixed capital increased by 16.1% overall, with particularly strong growth of 38.7% in manufacturing.

  • Uzbekistan’s Navoi Mining Targets $20 Billion Valuation in Potential London–Tashkent IPO

    Uzbekistan’s Navoi Mining Targets $20 Billion Valuation in Potential London–Tashkent IPO

    Navoi Mining & Metallurgical Co. (NMMC), one of the world’s largest gold producers, has selected Citigroup, Morgan Stanley, and JPMorgan Chase to lead a possible dual listing in London and Tashkent, according to sources familiar with the matter. The Uzbekistan state-backed miner is eyeing a valuation of around $20 billion, including debt, buoyed by a near-30% surge in gold prices this year.

    The company is considering issuing London-listed global depositary receipts alongside a domestic listing in line with an April presidential decree requiring state-backed firms to go public both locally and internationally. NMMC is also working with Rothschild & Co. as an IPO adviser.

    The planned share sale, which could involve 10% to 15% of the government’s stake, forms part of Uzbekistan’s broader privatization drive. The same decree also calls for an IPO of 25% of the $1.7 billion national investment fund, UzNIF. Officials are still weighing which offering to launch first.

    Gold prices have roughly doubled over the past three years, hitting a record above $3,500 an ounce in April, driven by central bank purchases, investor demand, and heightened geopolitical risk. The rally has lifted mining stocks globally, with Newmont Corp. and Barrick Gold Corp. among those benefiting.

    NMMC, the world’s fourth-largest gold miner, produced 3.1 million ounces of gold last year, generating $7.4 billion in revenue and $4 billion in operating profit, according to its annual report.

    For London, the IPO could provide a much-needed boost after the exchange suffered its weakest first half for new listings in nearly 30 years. The city has long been a preferred destination for mining and emerging market listings.

    No final decision has been made on the offering’s timing or structure, and representatives for NMMC, the banks, and Rothschild declined to comment.

  • Uzbekistan Explores Cooperation with Utah in Mining and Geological Sectors

    Uzbekistan Explores Cooperation with Utah in Mining and Geological Sectors

    On May 16, 2025, First Deputy Minister of Mining Industry and Geology, O. Nasritdinhojaev, along with representatives from the Ministry, met with a delegation from the U.S. state of Utah.

    During the meeting, the parties discussed the ongoing reforms in Uzbekistan’s mining sector, the investment opportunities being created, and explored prospects for cooperation in investments, advanced technologies, and scientific research, considering Utah’s economic potential and its advanced expertise in the mining and geological fields.

    Additionally, both sides exchanged views on improving the qualifications of lecturers and students of the University of Geological Sciences under the Ministry of Mining Industry and Geology. Discussions also included the possibility of opening branches of Utah-based universities specializing in geology and mining—such as the University of Utah and Utah State University—in Uzbekistan.

  • Uzbekistan’s Mining Ministry Discusses Cooperation with SinoPowell Capital

    Uzbekistan’s Mining Ministry Discusses Cooperation with SinoPowell Capital

    The Ministry of Mining Industry and Geology of Uzbekistan hosted a meeting between First Deputy Minister O. Nasritdinkhodjaev and Steve Powell, Managing Director of SinoPowell Capital (USA).

    During the discussion, the parties reviewed recent reforms in the mining and geological sectors, as well as key projects led by JSC “Uzbek Technological Metals Plant.” They also explored opportunities for strengthening long-term cooperation in the industry.

    The meeting highlighted Uzbekistan’s commitment to modernizing its mining sector and attracting foreign investment, with SinoPowell Capital expressing interest in potential projects and joint initiatives aimed at enhancing technological advancements and production efficiency.

    Both sides agreed on the importance of continued dialogue to facilitate mutual growth and innovation in the field of technological metals.

  • Nationalist Surge in Romania’s Election Shakes Mining Sector and Western Alliances

    Nationalist Surge in Romania’s Election Shakes Mining Sector and Western Alliances

    Romania’s political future has entered uncharted territory after George Simion, a pro-Trump, nationalist candidate, surged ahead in the first round of the presidential election, triggering political upheaval and potentially redefining the country’s economic and geopolitical direction.

    Simion, who ran on a platform of economic nationalism, sovereignty, and resistance to foreign influence, resonated with voters increasingly disillusioned by EU integration and the perceived foreign control over Romania’s resources. In the wake of his strong showing, the current prime minister has indicated plans to resign, signaling a broader shake-up in governance.

    The implications of Simion’s rise are particularly significant for Romania’s critical minerals sector. The country is rich in rare earth elements, copper, and gold—resources that have attracted the attention of North American companies seeking alternatives to Chinese supply chains. Projects such as Euro Sun’s and Glencore’s Rovina Valley copper-gold venture have been labeled strategic by European authorities. However, Simion’s rhetoric against multinational corporations and foreign-led mining initiatives raises concerns about the future of such projects.

    The specter of increased resource nationalism looms large, with industry insiders warning that a Simion-led government may enforce tighter regulations, raise royalties, or revisit current licenses. These moves could deter foreign investment and reverse recent progress toward a stable, investor-friendly mining environment.

    Simion’s ascent also risks disrupting Romania’s role as a reliable US ally in Eastern Europe. With NATO’s eastern flank under strain due to Russia’s war in Ukraine, any pivot in Bucharest’s foreign policy stance could ripple across the region’s security architecture.

    The second and decisive round of voting, set for May 18, will determine whether this populist shift becomes a permanent fixture. The backdrop to this year’s vote includes the annulled results of a prior election marred by fraud accusations and alleged Russian interference, adding further tension to an already volatile political landscape.