Kazakhstan, Metals and mining
Uranium One (international mining division of Rosatom) might reduce uranium mining in Kazakhstan in 2017.
The Statistics Committee of the Ministry of Economy of Kazakhstan reported that the output of copper cathodes and refined zinc in Kazakhstan fell by 3.3% and 1.0% in annual terms in January-Februar
According to the information of the Institute of Natural Monopolies Problems, in 2016, the volume of the transit via the infrastructure of Russian Railways to Russian seaports decreased slightly (-
In 2017, Varvarinskoye (a part of Polymetal) plans to produce 3.8 tons of Dore alloy, which is by 73% more than in the previous year, the company's general director Alexander Simon reported.
Currently Rio Tinto intends to invest more than $ 100 million into geological exploration in 14 countries around the world, where the company works, including Kazakhstan.
In February, a pilot project to increase the production of coal concentrate was launched at the Eastern central processing plant of the combine ArcelorMittal Temirtau (Kazakhstan).
It is planned to open a mining plant for coal extraction at the deposit of the former Dolinsky mine. It is planned to extract 1 mln 150 thousand tons of coal annually there.
The fall in prices in the mining industry over the past few years has forced many metal miners to reduce investments and sell their assets.
In 2016 the Kazakhmys Corporation produced 225.657 thousand tons of copper cathode equivalent. This figure exceeded the same period of last year by 5.4 thousand tons (a 2.5% increase).
KAZ Minerals published production activity and audited financial results for 2016.