Kazakhstan Metals and Mining

In H1, Kazakhstan reduced oil production by 1.5%, gas - by 1%

In the first six months of 2019, volume of oil production in Kazakhstan amounted to 37.975 million tons, which is by 1.5% less than in the first half of 2018.

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Kazakhstan reduced steel production in June

During June 2019, metallurgical enterprises of Kazakhstan smelted 0.337 million tons of steel that is by 12.7% less in annual ratio.

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ArcelorMittal Kazakhstan structure cancels contract with Gazprom Neft because of sanctions

Russian companies that have come under sanctions are beginning to experience problems even in the most loyal jurisdictions.

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Chinese NFC bought 19.4% in Kazakhstan Koksay for $ 70 million.

KAZ Minerals Group, a major copper producer in Kazakhstan, and China Nonferrous Metal Industry's Foreign Engineering and Construction Co Ltd (NFC) have completed a deal to acquire a stake in th

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KAZ Minerals attracts $ 600 million to expand Aktogay.

The Development Bank of Kazakhstan (DBK) opened a $ 600 million credit line to the KAZ Minerals group to expand the Aktogay Mining and Processing Plant (GOK), the bank’s press service reports

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In January-May, Kazakhstan reduced oil production by 2.9%, gas - by 3.5%, coal - by 2.5%

In January-May 2019, Kazakhstan produced 31 237 thousand tons of oil and 5 263.4 thousand tons of gas condensate, which is by 2.9% and 4.3% less, respectively, than in the same period of 2018, the

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Russian Copper Company to launch copper mine in Kazakhstan in H2

The Russian Copper Company intends to launch an underground mine for the extraction of copper ore at the Vesenne-Aralchinskoye deposit in Kazakhstan on the border with Russia in Q3 2019.

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Since the beginning of the year, Kazakhstan reduced production of flat products by 34.4%

In May 2019, metallurgical enterprises of Kazakhstan smelted 0.407 million tons of steel, which is by 0.2% less than n the same period last year.

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Cobalt and Nickel find investor: Kenges Rakishev to invest $200-300 million in Gornostaevskoye

As it has become known to the Kommersant, Fincraft Resources of the main shareholder of the gold mining company Petropavlovsk Kenes Rakishev, will invest $200-300 million in the launch of mines at

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Within 2019 Polymetal to receive 40% of profits in Kazakhstan.

Polymetal Int (combines the assets of JSC "Polymetal") expects that in 2019 it' sKazakhstan assets will bring the company nearly 40% of the profits, the company's chief execu

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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