Website: Eurasia.com

  • British Chamber Urges Immediate Action to Restore Stability in Kosovo’s Mining Sector

    British Chamber Urges Immediate Action to Restore Stability in Kosovo’s Mining Sector

    The British Chamber of Commerce in Kosovo has called for urgent institutional intervention in the country’s mining sector, warning that recent developments have created legal uncertainty and posed serious challenges for industry stakeholders.

    In a public statement shared on Facebook, the Chamber stressed that restoring legal certainty, reinforcing investor confidence, and safeguarding regulatory credibility are critical priorities for Kosovo’s mining industry. The organisation noted that recent issues surrounding the functioning of the Independent Commission for Mines and Minerals have disrupted licensing procedures, delayed compliance with statutory deadlines, and undermined the overall stability of the investment environment.

    According to the Chamber, predictable and timely decision-making, equal treatment of private and public enterprises, and strict adherence to the existing legal framework are essential to maintaining Kosovo’s competitiveness in mineral exploration and development.

    The statement concludes that resolving these institutional and regulatory concerns is vital to preserving the long-term stability and strategic development of Kosovo’s mining sector.

  • Geologist Calls for Market-Based Approach to Processing Kazakhstan’s Technogenic Mineral Waste

    Geologist Calls for Market-Based Approach to Processing Kazakhstan’s Technogenic Mineral Waste

    Kazakhstan has accumulated vast volumes of technogenic mineral formations (TMF) over decades of mining and metallurgical operations, raising renewed debate over how to effectively utilise these surface stockpiles containing valuable metals.

    In an interview, experienced geologist Bolat Kabaziev described TMF as industrial waste generated by mines, processing plants and metallurgical facilities that still contain recoverable metals. Despite increasing public discussion in recent years, he noted that relatively few large-scale projects have been implemented, as metal recovery from waste requires complex and often innovative technologies.

    Currently, both conventional methods such as gravity separation and flotation, as well as hydrometallurgical techniques including leaching, are used to extract metals from TMF. Kabaziev emphasised that while processing such waste can mitigate environmental risks posed by tailings and dumps, proper reclamation and monitoring remain essential.

    He expressed concern over the earlier transfer of Soviet-era TMF into private ownership, arguing that the move was premature and did not accelerate environmental remediation or reprocessing. In his view, placing TMF into an open and competitive market would have encouraged smaller private companies to begin processing operations more actively.

    Access to TMF located on operating mining sites has also become a challenge, particularly after the adoption of the 2018 Subsoil Code. According to Kabaziev, conflicts over ownership and balance separation have slowed reuse efforts.

    Beyond surface waste, he highlighted the potential of recovering metals from previously mined deposits where unextracted reserves remain underground. Advances in technology could make such resources economically viable, particularly amid rising gold and copper prices.

    While tax reductions on TMF have been introduced, Kabaziev believes more systematic action is needed. He proposes establishing a scientific and industrial centre to conduct nationwide monitoring of TMF and reassess regulatory approaches. Determining metal content, he noted, is technically feasible through standard exploration methodologies.

    Kabaziev concluded that reintroducing TMF into active economic circulation could attract new investors without undermining geological exploration efforts. Given declining mineral reserves and slow replenishment, he considers TMF a strategically important resource capable of sustaining metal production for decades if managed responsibly.

  • RG Gold to Launch Development of Sharyk and Novodneprovskoye Gold Deposits

    RG Gold to Launch Development of Sharyk and Novodneprovskoye Gold Deposits

    Kazakhstan-based gold producer RG Gold is set to begin development of two additional deposits — Sharyk and Novodneprovskoye — located in the Burabay district of Akmola region, according to a newly published project disclosure.

    The company plans to implement a mining plan for gold-bearing ores at both sites and construct a mining and hydrometallurgical complex with an annual processing capacity of 600,000 tonnes of ore.

    RG Gold already operates within the Novodneprovskoye contract area, which includes the Novodneprovskoye, North Raigorodok and South Raigorodok deposits. Active production is currently underway at the Raigorodok sites using a gold processing plant with a capacity of 5 million tonnes of ore per year. In 2025, gold output at the facility reached 6.5 tonnes. Until 2021, oxidised ores at Raigorodok were also processed via heap leaching.

    The new deposits — Sharyk and Novodneprovskoye — are expected to be developed through open-pit mining of oxidised ores. Annual production from the two pits is planned to supply at least 600,000 tonnes of ore for heap leaching processing.

    According to project documentation, the planned operational life of Novodneprovskoye is five years, from 2027 to 2031, while Sharyk is expected to operate for one year in 2030. The relatively short timelines reflect the size of reserves. As of the end of 2024, Novodneprovskoye contained 1,246 kg of gold at an average grade of 0.99%, while Sharyk held 142 kg at a grade of 0.43%.

    RG Gold has previously conducted exploration activities at Novodneprovskoye, Sharyk and Central Raigorodok. In 2017, approximately 1 billion tenge was allocated for geological exploration within the Novodneprovskoye contract area.

    In 2025, RG Gold was acquired by China’s Zijin Gold International for approximately $1 billion from businessman Bulat Utemuratov.

  • EU Expects US to Narrow Scope of Steel and Aluminium Derivative Tariffs

    EU Expects US to Narrow Scope of Steel and Aluminium Derivative Tariffs

    European Union officials expect the United States to soon streamline its broad tariffs on products containing steel and aluminium, potentially easing a major source of tension in transatlantic trade relations.

    According to sources familiar with the bloc’s position, the Trump administration may within weeks reduce the number of so-called “derivative products” subject to the 50% tariff rate applied to goods containing the two metals. The EU has repeatedly argued that the sweeping metals tariff contradicts last year’s US-EU trade agreement, which established a 15% tariff ceiling for most European exports.

    The United States regularly updates the list of derivative products covered by the higher tariff, which now includes more than 400 items. The expanding scope has complicated compliance for exporters, who must calculate the share of steel or aluminium content in their goods, and has diminished the practical benefits of the bilateral trade accord.

    EU Trade Commissioner Maros Sefcovic told lawmakers he had received reassurances from US counterparts that the issue is being reviewed and that progress could come “rather soon.”

    The anticipated changes would not affect tariffs on commodity-grade steel and aluminium.

    The discussions come amid broader uncertainty in transatlantic trade relations. The US Supreme Court recently struck down the administration’s use of emergency powers to impose reciprocal tariffs, prompting Washington to introduce a new 10% global levy in addition to existing duties. That move could push tariffs on certain EU exports above levels allowed under the US-EU agreement.

    In response, the European Parliament has suspended work on ratifying the trade accord pending clarification of the new US policy. Despite the complications, both sides have signalled their intention to preserve the agreement while navigating the transition to a revised trade framework.

  • Kazakhstan Coal Output Declines in January Amid Long-Term Power Expansion Plans

    Kazakhstan Coal Output Declines in January Amid Long-Term Power Expansion Plans

    Coal production in Kazakhstan declined in January 2026 despite the government’s long-term plans to expand coal-fired power generation capacity.

    According to official statistics, output of thermal coal reached 9.92 million tonnes in January, down 1.7% compared to the same period last year. Total coal production, including coking grades, amounted to 10.31 million tonnes, reflecting a year-on-year decrease of 0.7%.

    The modest start to the year comes as the government prepares a coal power development programme through 2030, which предусматривает the commissioning and modernisation of approximately 7.6 GW of thermal power capacity.

    In 2023–2024, Kazakhstan’s thermal power plants consumed around 55 million tonnes of coal annually. With the rollout of new energy projects, additional demand could rise by up to 16 million tonnes per year, requiring increased output and more stable supply chains.

    Bogaty r Komir, the country’s largest private coal producer, plans to raise production to 45.2 million tonnes in 2026 and further expand to 56.5 million tonnes by 2032. The company’s primary resource base is the Ekibastuz deposit, which holds estimated reserves of approximately 2.4 billion tonnes.

    For full-year 2025, Kazakhstan’s total coal production reached 115.9 million tonnes, marking an increase of around 6.5% compared with the previous year.

  • Kazakhmys to Invest Over KZT 20 Billion in Ulytau Region Development

    Kazakhmys to Invest Over KZT 20 Billion in Ulytau Region Development

    Kazakhmys Corporation will invest more than 20 billion tenge in social and infrastructure projects in Kazakhstan’s Ulytau region under a newly signed memorandum of cooperation with the regional akimat.

    The agreement prioritises investments in healthcare, education, infrastructure modernisation and urban development.

    Among the flagship initiatives is the establishment of Ulytau University, as well as the launch of Zhezkazgan’s largest mosque, a trauma care centre in Satpayev and the Namys sports complex with a 150-bed boarding facility.

    Urban improvement projects in Zhezkazgan will include the redevelopment of Zhasar Park, the Gharishkerler Boulevard and the embankment of the Kengir Reservoir. Renovation of the S. Kozhamkulov Theatre is also planned.

    A separate focus of the programme will be the modernisation of water supply, heating and energy infrastructure systems across the region.

  • Tau-Ken Samruk Increases Gold Resources at Zhosabay Deposit in Akmola Region

    Tau-Ken Samruk Increases Gold Resources at Zhosabay Deposit in Akmola Region

    Tau-Ken Samruk has expanded gold resources at the Zhosabay site in Kazakhstan’s Akmola region following the results of its 2025 exploration campaign.

    According to updated geological data, total gold resources at the deposit have increased to 8.2 tonnes, representing a 68% rise compared with previous state balance figures. Of this, 787 kilograms were upgraded to the Measured category, Indicated resources rose by 1,338 kilograms, an increase of 30%, and Inferred resources expanded to 1,677 kilograms, marking a 248% increase.

    During 2025, the company completed 7.3 kilometres of drilling and updated the 3D geological model of the deposit.

    For 2026, Tau-Ken Samruk has planned 8.6 kilometres of additional drilling, of which 1.16 kilometres have already been completed. The exploration licence is held by Akmolit LLP, a subsidiary of Tau-Ken Samruk.

    The company intends to continue further exploration to improve the resource classification and submit updated resource and reserve data for inclusion in the state balance by the end of 2027.

  • Mitsubishi Corporation to Invest in Anglo American’s Woodsmith Fertiliser Project

    Mitsubishi Corporation to Invest in Anglo American’s Woodsmith Fertiliser Project

    Mitsubishi Corporation (MC) has entered into a definitive agreement with Anglo American plc to invest in the Woodsmith fertiliser resource project in the United Kingdom and collaborate on the development of its feasibility study.

    The Woodsmith project, located in Northeast England, hosts one of the world’s largest polyhalite resources and is expected to support stable operations for more than 60 years. It is set to become one of the UK’s most significant new mining developments in decades. Anglo American has been advancing the project since 2020 as a core component of its long-term growth strategy.

    Polyhalite is a natural multi-nutrient fertiliser containing potassium, sulphur, magnesium and calcium. It is characterised by low chloride content and comparatively lower greenhouse gas emissions during production. The ore body is naturally high grade and does not require beneficiation, reducing water consumption and eliminating mining waste, factors that contribute to the project’s lower environmental footprint. Agronomic trials conducted globally over the past decade have demonstrated improvements in crop yield and soil health.

    Under the agreement, Mitsubishi Corporation will contribute funding to the feasibility study and participate in pilot sales to validate the product’s market potential and build demand. The study will assess development plans, operational parameters, economic viability and social and environmental impacts. Mitsubishi will also leverage its global food and agriculture networks, including facilitating agronomic trials through its group companies.

    The collaboration will allow Mitsubishi to evaluate potential further equity participation at the time of Anglo American’s Final Investment Decision, currently anticipated from 2028.

    Demand for fertiliser minerals is expected to grow over the medium to long term, driven by global population growth, evolving dietary trends and increasing focus on food security. Sustainable fertiliser products are also gaining importance as agriculture faces mounting pressure to reduce environmental impacts and adopt responsible practices.

  • White & Case Advises on $1.6 Billion-Backed Tungsten JV Between Cove Kaz and Tau-Ken Samruk

    White & Case Advises on $1.6 Billion-Backed Tungsten JV Between Cove Kaz and Tau-Ken Samruk

    Global law firm White & Case LLP has advised Cove Kaz Capital Group, a portfolio company of Cove Capital LLC, on the signing of definitive agreements with Tau-Ken Samruk National Mining Company to advance the Northern Katpar and Upper Kairakty tungsten projects in Kazakhstan.

    The transaction includes a share purchase agreement and shareholders’ agreement establishing a joint venture structure in which Cove Kaz will hold a 70 percent stake and Tau-Ken Samruk will retain 30 percent ownership in Severniy Katpar LLP.

    The two projects are described as the largest undeveloped tungsten resource globally, with a planned combined annual production target of 12,000 metric tons, equivalent to approximately 15 percent of current global output.

    Following execution of the agreements, Cove Kaz will proceed with a definitive feasibility study and downstream refining plans. The development is expected to create around 2,000 jobs and enhance Kazakhstan’s position in the global critical minerals supply chain.

    The project has received backing from both the US and Kazakh governments. Letters of interest have been issued for up to $1.6 billion in potential financing from the Export-Import Bank of the United States and the US International Development Finance Corporation.

    The White & Case advisory team was led by partners Carolyn Lamm in Washington, DC and Maxim Telemtayev in Astana, alongside partners Martin Menski, John Vetterli, Keith Hallam and Morgan Hollins.

  • UK and US Sign Critical Minerals Partnership to Strengthen Supply Chains

    UK and US Sign Critical Minerals Partnership to Strengthen Supply Chains

    The United Kingdom and the United States have signed a new partnership aimed at securing critical mineral supply chains and boosting investment in domestic mining and processing projects.

    The Memorandum of Understanding was signed in Washington DC by UK Foreign Office Minister Seema Malhotra and US Under Secretary of State Jacob Helberg during a meeting attended by representatives from more than 50 countries. The agreement is designed to accelerate efforts to secure supplies of critical minerals essential for industries ranging from automotive and defence to clean energy and electronics.

    The partnership supports the UK’s Critical Minerals Strategy, published last November and backed by up to £50 million in new funding to strengthen domestic production and processing capacity. Under the strategy, the government aims to ensure that by 2035 no more than 60 percent of the UK’s supply of any single critical mineral comes from one country.

    The new UK-US framework seeks to encourage greater private investment in mining and processing projects, while enhancing cooperation between the two allies to build more resilient and diversified global supply chains.

    Minister Seema Malhotra said the agreement reflects a shared commitment to strengthening supply chain resilience and safeguarding long-term economic growth. Industry Minister Chris McDonald added that the partnership would help stimulate new investment into British mineral projects and support sectors reliant on secure access to raw materials.

    The agreement adds to the UK’s expanding network of bilateral critical minerals partnerships, which already includes Australia and Canada.

    The UK critical minerals sector contributes £1.79 billion to the economy and supports more than 50,000 jobs. There are currently over 50 domestic projects focused on extracting and refining critical materials.