Korea Resources

Astana and Seoul come to an agreement on joint production of rare-earth metals in Kazakhstan

Kazakhstan will produce rare-earth metals on its territory together with South Korea, the President of Kazakhstan, Nursultan Nazarbayev said on Thursday.

“We will produce rare-earth metals together with Korean companies in exchange for the newest technologies. The technologies and industry of South Korea are cutting-edge,” – Nazarbayev said summarizing the results of negotiations with the President of South Korea in Astana.

Nazarbayev noted that on the whole Kazakh-Korean relations were developing stably. “We highly value the results of the negotiations,” – he said. Read more »

South Korea shows interest in Ukrainian subsurface sites

The Ministry of Ecology and Natural Resources of the Ukraine signed a Memorandum of Understanding with the largest Korean Energy Corporation “Kores”. The agreement considers joint development of the sites and minerals prospecting. Read more »

Korea to show interest in the Ukrainian subsurface sites

The Ministry of Ecology and Natural Resources of the Ukraine signed a Memorandum of Understanding with the largest Korean Energy Corporation “Kores”. The agreement considers joint development of the sites and minerals prospecting. Read more »

$1.5 bln to be invested in development of Tavan-Tolgoi

The investment in the development of the coal deposit Tavan-Tolgoi in Mongolia might equal to about $1.5 bln, the President of RZD, V. Yakunin said, Vedomosti reports.
According to him, this amount concerns the offer of the monopoly on the condition of the joint development of the site.
The application for participation in the auction is submitted but there might be some changes in the project, Mr. Yakunin said.
On February 1st, 2011 Mongolia started the pre-qualification selection of the applications on development of the coal deposit Tavan-Tolgoi. Read more »

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