• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10720 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10720 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10720 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10720 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10720 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10720 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10720 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10720 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 1 - 6 of 4

Literary Competition Showcases Outstanding New Kazakh Novels

The “Modern Kazakh Novel” competition, with the support of Shukhrat Ibragimov, Chairman of the Board of Directors of Eurasian Resources Group (ERG), was launched last year as a national cultural initiative. The project was designed to stimulate the growth of contemporary Kazakh prose and foster closer ties between authors and readers. With more than 3,000 submissions, the competition highlighted the Kazakh public's interest in literature. Eight authors reached the final stage of the competition. Seven finalists were each awarded 3 million tenge ($6,300), while the winner of the grand prize received 15 million tenge ($31,500). A notable achievement of the initiative was the publication of the shortlisted works. A thousand copies of each novel were printed and officially presented to the public. Of these, 750 copies were transferred to the National Library of the Republic of Kazakhstan, allowing the books to be distributed widely through the national library network. [caption id="attachment_46360" align="aligncenter" width="300"] @ERG[/caption] The finalists were Duman Ramazan (with a novel called Trial), Kuanysh Zhienbay (The Final Stop in Aralkum), Nurzhan Kuantaiuly (Unfaithful Game), Askar Altay (Cascade), Murat Almasbek (Two Shores), Kuat Borash (Repentance), and Aiyum Akyltai (Debt). The grand prize was awarded to Zhusipbek Korgasbek for his novel The Wolf from Cologne. Plans have also been announced to adapt the work into a feature film. In his message to participants, ERG's Chairperson Shukhrat Ibragimov highlighted the value of national literature and expressed confidence in contemporary writers. He stressed that national values remain vital for younger generations, as they connect historical heritage with the demands of a rapidly evolving world shaped by innovation and digital technologies. Ibragimov also noted that one of literature’s key roles is to shape new characters that reflect the realities of each new era. In this context, such competitions create meaningful opportunities for emerging writers and help reinterpret national identity from fresh perspectives. According to jury chair Qaynar Olzhai, the initiative was initially intended to support novels written in the Kazakh language. Over the course of a year, hundreds of applications were received. From 220 promising novel projects reviewed by experts, five finalists were originally planned. However, due to the unexpectedly high quality and quantity of submissions, the sponsor agreed to expand the shortlist by adding two more finalists. [caption id="attachment_46361" align="aligncenter" width="200"] @ERG[/caption] Ultimately, every meaningful achievement is rooted in intellectual and spiritual development. From pilots and mountaineers to global business leaders, many groundbreaking ideas originate from reading and literature. In this sense, the “Modern Kazakh Novel” project is an effort to support the creative community and encourage literary innovation.

Kazakhstan Eyes Entry into Global Gallium Market

The Eurasian Resources Group (ERG) is set to invest in gallium production and intensify exploration for copper and other critical minerals, aiming to position Kazakhstan as a key player amid rising global demand for strategic resources. Kazakhstan to Become World’s Second-Largest Gallium Producer ERG has announced a $20 million investment to launch gallium production in Kazakhstan, beginning in 2026. The metal, which will be extracted from bauxite ore, primarily used in alumina production, is targeted for supply to OECD countries. “ERG plans to become a significant player in the global gallium market, starting production in 2026 with the prospect of expanding volumes to 15 metric tons per year,” said the group's CEO, Shukhrat Ibragimov. Gallium is a critical mineral in high-tech industries, including semiconductors, radar systems, and aerospace navigation. It is listed as a strategic material by both the United States and the European Union. According to the U.S. Geological Survey, global gallium production reached 760 tons in 2023, with China dominating the supply. Following Beijing’s imposition of export restrictions on gallium, germanium, and antimony in December 2023, Western nations have been seeking alternative sources. Kazakhstan may now fill part of that void. Expanding Copper Prospects In tandem with its gallium ambitions, ERG is ramping up copper exploration efforts. At the AMM-2025 mining and metallurgical forum in Astana, ERG Exploration, a subsidiary of ERG, announced a significant copper discovery in the Karaganda region. “We have completed drilling 51 wells, copper ore has been discovered in 42 of them, with copper content in some samples reaching 6.7%,” said Zaura Kunanbayeva, ERG Exploration’s senior geologist. The Karabas site is estimated to contain over 250,000 tons of copper, with the potential to yield up to 1 million tons of ore. Additional finds include molybdenum, lead, zinc, and silver. A final assessment is expected in the second half of 2025. Tin Reserves Reassessed ERG has also reported revised figures for the Syrymbek deposit in North Kazakhstan, believed to be the world’s largest undeveloped tin reserve. Following a revaluation, tin reserves increased to 286,000 tons, while copper reserves were updated to 55,000 tons. “The price of tin has doubled in five years and recently reached $33,000 per ton. The project’s proximity to China, the world’s largest tin consumer, makes it strategically valuable,” said Aida Alzhanova, Deputy Head of Strategy at Solidcore Eurasia. Government Support and Foreign Investment At the same forum, Deputy Minister of Industry and Construction, Iran Sharkan, highlighted that more than $820 million has been invested in geological exploration since 2018. The government aims to expand the country’s exploration area from 1.9 to 2.2 million square kilometers by 2026. “As a result, we have seen a 33% increase in domestic copper processing and a twofold increase in gold ore production over the past 10 years. Kazakhstan has entered the top 20 countries globally in terms of gold reserves,” Sharkan noted. Kazakhstan’s mining sector is also attracting international attention. In May, Australian company C29 Metals Limited signed a joint exploration agreement with Astana-based Bask...