Tag: natural resources

  • Kazakhstan to Launch Electronic Geological Mapping in 2026

    Kazakhstan to Launch Electronic Geological Mapping in 2026

    Kazakhstan will begin creating an electronic geological map of the country in 2026, following a directive from the president. The project will utilise satellite imagery analysis, along with data from aerogeophysics, geochemistry, and other subsurface research methods, enabling a new level of assessment of the nation’s mineral potential.

    Earlier this year, the government allocated funding from its reserve to develop project documentation for second-generation geological surveys at a 1:50,000 scale. This initiative is part of Kazakhstan’s wider effort to digitise geological information.

    According to the National Geological Exploration Service (NGS), more than 2.6 million units of primary geological data—about 60% of the total—had already been converted into digital format by early 2025. Full digitalisation of the country’s geological data is expected to be completed by 2028.

    Officials say the move will make geological information more reliable and accessible, while also enabling the use of artificial intelligence and automated solutions for data processing.

  • Vast Resources Signs MoU with Tajik Ministry at UK-Tajikistan Mining Forum

    Vast Resources Signs MoU with Tajik Ministry at UK-Tajikistan Mining Forum

    Vast Resources plc, an AIM-listed mining company, announced its active participation in the Tajikistan-UK Mining Forum held yesterday at the London Stock Exchange. The event served as a platform to reinforce bilateral ties between the United Kingdom and Tajikistan while spotlighting the investment potential within Tajikistan’s mining sector.

    During the forum, Vast Resources signed a non-binding Memorandum of Understanding (MoU) with the Ministry of Industry and New Technologies of the Republic of Tajikistan. The agreement outlines a framework for cooperation aimed at identifying both historical and greenfield exploration opportunities for non-ferrous and strategic mineral deposits.

    A notable element of the MoU includes plans to jointly develop a “Tajik Mineral Investment Fund” to facilitate growth in Tajikistan’s mining industry. The agreement remains in effect until 19 May 2026. Vast Resources confirmed that any material developments arising from the MoU will be disclosed as they occur.

  • Ukraine Ratifies Agreement with the US for Access to Natural Resources

    Ukraine Ratifies Agreement with the US for Access to Natural Resources

    Ukraine’s parliament has ratified a landmark agreement with the United States, paving the way for enhanced American access to the country’s natural resources. This move is seen as part of President Volodymyr Zelenskiy’s broader strategy to improve diplomatic and economic ties with former US President Donald Trump.

    The agreement, reached after prolonged negotiations, saw Washington abandon its demand for the repayment of billions of dollars in aid provided to Kyiv since the onset of Russia’s invasion over three years ago. In a decisive vote on Thursday, 338 Ukrainian lawmakers endorsed the ratification, signaling strong political support for the initiative.

    The deal grants the US privileged access to investment opportunities in Ukraine’s resource sectors, including aluminum, graphite, oil, natural gas, and other strategic deposits. This is viewed as a critical step to secure US favor as Trump advocates for an end to the conflict that would potentially benefit Moscow.

    Additionally, the agreement outlines the possibility of the US using future military aid as contributions to a joint investment fund, further solidifying economic cooperation between the two nations. As Russia maintains pressure along a thousand-kilometer frontline, Ukraine appears determined to leverage its natural assets to bolster international alliances and economic resilience.

  • Gold Drives Uzbekistan’s Export Surge in Q1 2025, Making Up Nearly Half of Total Shipments

    Gold Drives Uzbekistan’s Export Surge in Q1 2025, Making Up Nearly Half of Total Shipments

    Uzbekistan’s National Statistics Committee has released its foreign trade data for the first quarter of 2025, revealing that gold remains the country’s top export commodity. According to the report, gold accounted for 44% of total export value, with shipments totaling $3.65 billion—an increase of 36.8% compared to the same period last year.

    The majority of these exports occurred in February and March, a trend driven by rising global demand and soaring gold prices.

    Other notable export figures include coal, coke, and briquettes, which tripled to $400,000, and natural gas, which grew to $94.3 million in value. However, exports of oil and oil products dropped by 16.7% year-on-year to $109.5 million.

    On the import side, Uzbekistan brought in $48.8 million worth of coal, down 7.1% from a year ago. Oil imports also declined to $443.1 million, marking a 16% decrease. The most significant drop was seen in gas imports, which plummeted 8.5-fold to just $38.5 million during the reporting period.

  • Kazakh Authorities Shut Down Five Companies Engaged in Illegal Gold Mining

    Kazakh Authorities Shut Down Five Companies Engaged in Illegal Gold Mining

    Kazakhstan’s Ministry of Internal Affairs (MIA) and National Security Committee (KNB), coordinated by the General Prosecutor’s Office, have shut down the operations of five companies involved in illegal mining and processing of gold-bearing materials in the Abai, Zhetysu, East Kazakhstan, and Turkestan regions, according to inbusiness.kz citing Polisia.kz.

    Authorities found that the companies held licenses only for geological exploration but were in fact conducting large-scale illegal extraction of gold-bearing ore using specialized equipment and machinery. During the raids, over 6,700 tons of gold-bearing ore, 300 tons of ore slurry, 120 tons of ammonium nitrate, explosives, and detonators were seized. In addition, 45 pieces of specialized equipment were confiscated on-site.

    A total of 62 individuals, including directors and founders of several limited liability partnerships (LLPs), were detained. Five criminal cases have been registered related to the illegal circulation of precious metals and raw materials containing precious metals. The damage to the state has been assessed as particularly large.

    Kuanlyk Alpis, a representative of the MIA’s Department for Combating Organized Crime, emphasized the importance of the operation in protecting the country’s natural resources and fighting organized crime in the precious metals sector.

  • Ukraine Reviews U.S. Minerals Deal Amid Concerns Over Economic Sovereignty

    Ukraine Reviews U.S. Minerals Deal Amid Concerns Over Economic Sovereignty

    President Volodymyr Zelenskiy has stated that Ukraine will not accept any mineral rights agreement that jeopardizes its integration with the European Union. However, he refrained from immediate judgment on a proposed minerals deal from the United States, which reportedly demands control over Ukraine’s natural resource income until wartime aid is repaid with interest.

    Speaking at a press conference, Zelenskiy emphasized that Kyiv’s legal experts must thoroughly analyze the proposal before issuing an official stance. Deputy Prime Minister Yulia Svyrydenko echoed this sentiment, stating that a consensus was required before public discussion. Senior presidential advisor Mykhailo Podolyak confirmed that negotiations are ongoing, with no finalized draft in place.

    The latest U.S. proposal, according to sources familiar with the negotiations, includes a joint investment fund managed by the U.S. International Development Finance Corporation. The fund, which would oversee Ukraine’s resource revenues, would be governed primarily by American-appointed board members and see profits converted into foreign currency and transferred abroad.

    Zelenskiy acknowledged Washington’s shifting demands, maintaining that while he is open to cooperation, he will not sign a deal that would harm Ukraine’s economy. With negotiations still in progress, the government remains cautious about making any premature commitments.

  • The Dark Price of Coal: Environmental Impact at Kara-Keche

    The Dark Price of Coal: Environmental Impact at Kara-Keche

    Kyrgyzstan’s Kara-Keche coalfield, located in the Naryn region, has become a critical energy resource but at a devastating environmental cost. Once home to clear glacial streams, lush pastures, and thriving pine forests, the area now battles blackened waters, waste-clogged gorges, and shrinking green spaces. Villagers from Baizak and Bash-Kuugandy report that pastures have drastically deteriorated, water sources have become blocked or contaminated, and coal waste is being improperly disposed of in critical areas. Despite raising these issues with authorities for years, local residents have seen little to no action.

    Environmental studies reveal troubling results. A 2022 analysis found toxic substances in the water, and landslides triggered by mining operations have compounded the destruction, burying roads, streams, and infrastructure. In recent years, illegal dumping and neglect of environmental protocols have exacerbated the situation. Villagers allege that the Kara-Keche branch of the state enterprise Kyrgyzkomur, alongside private companies like Sharbon and Akzhol, fail to comply with safety and restoration requirements outlined in Kyrgyzstan’s environmental laws.

    Conflicts between economic development and ecological preservation are starkly visible here. While Kara-Keche contributes significantly to Kyrgyzstan’s coal production—over one million tons annually—the unchecked mining has displaced local communities and threatened their livelihoods. Complaints to the Environmental and Technical Supervision Service have been met with limited responses due to a government decree banning business audits, further weakening oversight.

    The area also grapples with political and social tensions. A history of conflicts includes landslides, armed confrontations, and allegations of corruption. In one instance, a massive landslide in 2020 caused severe disruption, isolating roads and power lines, while other incidents have highlighted the lack of adherence to safety measures. Despite promises of reforms and fines for mining companies, the damage continues unabated.

    As Kara-Keche’s coal reserves—estimated at 400 million tons—are extracted, the toll on the environment and local populations raises urgent questions about sustainability. The residents demand stricter enforcement of regulations and restoration of the damaged ecosystem to ensure the preservation of Kyrgyzstan’s natural resources for future generations.

  • Kyrgyzstan Produces 26 Tons of Gold in 2024

    Kyrgyzstan Produces 26 Tons of Gold in 2024

    In 2024, Kyrgyzstan extracted 26 tons of gold, according to Meder Masheyev, the Minister of Natural Resources. This total includes 400 kilograms of alluvial gold. Preliminary figures also show coal production at 4.1 million tons and oil at 290,000 tons.

    Additionally, 182.5 tons of new gold deposits were added to the state reserves. The State Commission on Mineral Reserves reports Kyrgyzstan’s total gold reserves now stand at 1,016 tons, indicating a significant resource base for future development.

  • Mining Permits in Albania Remain Stable in 2023

    Mining Permits in Albania Remain Stable in 2023

    The number of mining permits in Albania remained almost unchanged during 2023 compared to the previous year. According to data from the National Agency of Natural Resources, there were 552 active mining permits in 2023, a slight decrease from 554 in the previous year.

    Mining activity in 2023 was predominantly focused on the extraction of chrome ore, which accounted for about 43% of active permits. The latest data shows there are 236 permits for chrome extraction, unchanged from 2022. However, despite the steady number of permits, the production of chrome ore saw a decline. In 2023, about 921,000 tons of chrome were produced, approximately 12,000 tons less than the 933,000 tons produced in 2022.

    Limestone extraction was the second most significant mining activity, with 137 permits representing 25% of the total. Marbled limestone followed with 34 permits, accounting for 6.2% of the total. Combined, these three minerals constituted 75% of Albania’s mining activity. Additionally, there are 31 permits for nickel iron, 17 for copper ore, 16 for sandstone, 16 for slate limestone, and 11 for clay.

    The remaining mining activities include permits for decorative limestone, alabaster gypsum, bituminous gravel sand, and other materials, highlighting the diverse range of mineral resources being extracted in the country.

  • Kyrgyzstan Budget Committee Approves Concept of Uranium and Thorium Mining Law

    Kyrgyzstan Budget Committee Approves Concept of Uranium and Thorium Mining Law

    The Committee on Budget, Economic, and Fiscal Policy of the Jogorku Kenesh (Parliament) of the Kyrgyz Republic today, May 27, considered and approved the draft law “On Amendments to Certain Legislative Acts of the Kyrgyz Republic (to the Code of the Kyrgyz Republic on Administrative Offenses, the Law of the Kyrgyz Republic “On Subsoil”) and the recognition of the Law of the Kyrgyz Republic “On Prohibition of Activities Related to Geological Exploration of Subsoil for the Purpose of Uranium and Thorium Deposits Exploration and Development in the Kyrgyz Republic” as no longer in force in the first reading.

    The Minister of Natural Resources, Ecology, and Technical Supervision, Melis Turgunbaev presented the information about the draft law. The Minister noted that the draft law proposes to declare the Law of the Kyrgyz Republic “On Prohibition of Activities Related to Geological Exploration of Subsoil for Uranium and Thorium Deposits Exploration and Development in the Kyrgyz Republic” dated December 14, 2019, No. 139, which prohibits activities related to geological exploration of subsoil for uranium and thorium deposits, as no longer in force. The adoption of the Law will be accompanied by monitoring by state bodies of modern technologies for uranium and thorium extraction, which will contribute to minimizing the negative impact of mineral extraction on the environment. If such technologies are identified, state bodies will introduce requirements for their implementation by subsoil users.

    During the discussion, deputies Azamat Isirailov, Aisarakan Abdybaeva, and Nadira Narmatova raised questions about mechanisms and procedures for ensuring environmental safety and protecting public health. The Minister emphasised that adopting the draft law will be accompanied by introducing and enforcing environmental protection standards by subsoil users, including minimising emissions of harmful substances, ensuring workplace safety, and compliance with norms regarding the permissible impact on water and soil resources.

    The lifting of the ban would enable the extraction of valuable minerals at 83 deposits highly demanded in the global market. Turgunbayev highlighted the Kyzyl-Ompol deposit, which holds significant reserves of titanomagnetite, with mining operations to be conducted by state-owned companies.