• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%

Viewing results 1 - 6 of 144

Smart Mining Plus: How International Science Diplomacy Works in Kazakhstan

In an era where sustainable development and technological innovation are reshaping global industries, international cooperation has become a cornerstone of progress. One such example is the collaboration between Nazarbayev University (NU) in Kazakhstan and Hokkaido University in Japan. Supported by a $3.2 million grant under Japan’s Science and Technology Research Partnership for Sustainable Development (SATREPS) program, their joint project,  Next-generation Smart Mining Plus for Sustainable Resources Development,  aims to modernize mining through smart technologies and knowledge exchange. The research is scheduled to run until March 31, 2030, offering a long-term framework for technology transfer and institutional capacity building. Fidelis Suorineni, Professor at the NU School of Mining and Geosciences and a leading expert in mining systems and geotechnical engineering, shares his vision and emphasizes the benefits of this international partnership. TCA: What makes your collaboration with Hokkaido University unique? Suorineni: The partnership with Hokkaido University is special not only because of the institutional synergies but also due to building a foundation of personal trust and continuity. My professional relationship with Professor Yohei Kawamura of Hokkaido University dates back to 2013, when we were both working in Australia -- he at Curtin University and I as the Inaugural Chair of Mine Geotechnical Engineering at the University of New South Wales. Despite relocating to different parts of the world, we have continued our collaboration ever since. Japan is globally recognized as a technology hub, especially in mining and environmental technologies. Its institutions develop, manufacture, and supply cutting-edge solutions. On the other hand, Kazakhstan is rich in natural resources; it ranks sixth globally in terms of reserves and is a leader in uranium and chromite production. This partnership is thus strategically complementary. Through this collaboration, Nazarbayev University gains access to Japanese technologies that support safe, efficient, and environmentally sustainable resource extraction, technologies that are also essential for Japan’s manufacturing industries. Additionally, both countries benefit through mutual education and expertise development. While Japanese universities such as Hokkaido and Akita offer strong academic programs, they have limited access to physical mining sites. In contrast, our School of Mining and Geosciences in Kazakhstan combines world-class faculty with direct access to operational mines, allowing hands-on training for students. For the past five years, Japanese students and faculty have visited NU annually for two to three weeks to participate in specialized courses and mine visits. Likewise, each year, two of our graduate students and select faculty members travel to Japan to attend six-week short courses, which include laboratory work and field trips. This exchange ensures a balanced and mutually beneficial transfer of knowledge and experience. TCA: How will the SATREPS Smart Mining Plus project benefit Kazakhstan specifically? Suorineni: The SATREPS project brings significant benefits to Kazakhstan. Its full title, Next-generation Smart Mining Plus for Sustainable Resources Development, captures its ambitious scope. At its core, the initiative aims to integrate current and emerging mining technologies into the local context, promoting more sustainable, efficient, and environmentally responsible methods of resource extraction. For Kazakhstan, this initiative represents a step forward in managing...

Kazakhstan Begins Mineral Exploration in Afghanistan’s Nuristan Province

Kazakhstani geologists have begun prospecting potential mining sites in Afghanistan, starting with the resource-rich Nuristan Province. The initiative reflects Kazakhstan’s broader efforts to expand its mining interests and strengthen economic ties with Afghanistan. In mid-April, a group of geologists and engineers from Kazakhstan traveled to Afghanistan, according to the Ministry of National Economy. During their visit, specialists collected 130 kilograms of ore samples from prospective deposits in Nuristan Province, targeting beryllium, lead, and zinc resources. The samples will now be sent to Kazakhstan for laboratory analysis. Depending on the results, Kazakhstan may move to a more in-depth phase of negotiations regarding the development of these deposits. Nuristan Province is located along the border between Afghanistan and Pakistan, south of the Hindu Kush mountain range, with its administrative center in the city of Parun. Mining activity in the province has historically focused on artisanal extraction of precious and semi-precious stones, including varieties of beryl. At least 55 gemstone deposits are known to exist in the region, featuring lazurite, cordierite, ruby, kunzite, emerald, and danburite. However, industrial-scale mining of lead and zinc has not previously been developed in the area. Kazakhstan’s geological exploration in Afghanistan will not be limited to Nuristan. During a meeting in Kabul between Kazakhstan’s Deputy Prime Minister Serik Zhumangarin and Afghanistan’s Minister of Mines and Petroleum Hedayatullah Badri, it was agreed that another team of Kazakhstani specialists would travel to Afghanistan at the end of May. The Afghan side also expressed readiness to share information about confirmed mineral reserves that could be of interest to Kazakh companies. “Today Kazakhstan has formed a professional pool of extractive companies experienced in geological exploration, mining, and processing of solid minerals. These companies are keen to find and invest in promising deposits,” Zhumangarin noted. Representatives from major firms such as ERG Exploration, Kazakhmys Barlau, and Kazatomprom accompanied the Kazakh delegation. The meeting participants agreed to establish a joint technical commission to facilitate timely discussions on emerging issues. Zhumangarin also attended the Kazakhstan-Afghanistan Business Forum, which saw participation from 50 Kazakhstani companies. During the forum, he highlighted the potential for Afghanistan to serve as a key logistics hub between Central and South Asia, while Kazakhstan could become a reliable supplier of food products, technologies, engineering services, chemicals, and IT solutions. "An ambitious but achievable goal has been set, to increase the volume of trade to $3 billion in the short term. Achieving this requires building sustainable supply chains, expanding the range of traded goods, and creating favorable conditions for investment and entrepreneurship," Zhumangarin stated. He also proposed to Afghan Deputy Prime Minister Abdul Ghani Baradar the opening of a Kazakh trade house in Kabul. Additionally, the Kazakh side suggested considering the export of buses manufactured by QazTehna LLP to Afghanistan. As previously reported by The Times of Central Asia, Kazakhstan is also exploring the possibility of exporting cars produced in Kostanay and Almaty to Afghanistan, with first deliveries potentially taking place this year.

German Company to Mine and Process Lithium in East Kazakhstan

Two new industrial facilities dedicated to the mining and processing of lithium are set to be established in the Ulan district of East Kazakhstan Region by 2029. The announcement was made by Nurymbet Saktaganov, akim of East Kazakhstan Region, who noted that plans are underway for the construction of a mining and processing plant, as well as a pegmatite ore processing facility. $500 Million Investment from Germany The project will be implemented with the participation of HMS Bergbau AG, a German mining company that plans to invest $500 million into the development of a lithium deposit discovered in 2023. The initiative will include both the extraction of raw materials and the production of lithium oxide concentrate, a product in high demand across the global high-tech sector. Germany’s interest in Kazakhstan’s rare earth resources was discussed during a September 2023 meeting between President Kassym-Jomart Tokayev and Dennis Schwindt, Chairman of the Board of HMS Bergbau AG. Tokayev reaffirmed Kazakhstan’s openness to foreign investment and emphasized the country’s intention to become a key player in the supply of strategic raw materials. He highlighted lithium’s growing importance in modern industry, particularly for renewable energy and high-tech manufacturing. Operating in the USA, Singapore, South Africa, Poland, and several other markets, HMS Bergbau AG is considered a major independent force in the global solid minerals sector. Its new facility in East Kazakhstan will serve as a vital link in the international lithium supply chain, amid rising global demand driven by electric vehicles, portable electronics, and energy storage systems. $15.7 Billion Discovery by South Korean Researchers In a parallel development, researchers from the Korea Institute of Geosciences and Mineral Resources (KIGAM) announced in 2024 the discovery of a lithium deposit in East Kazakhstan valued at approximately $15.7 billion. Spanning 1.6 square kilometers, the site was previously mined for tantalum. The research, commissioned by the Kazakh government, was based on geological data indicating frequent co-location of lithium, cesium, and tantalum deposits. “KIGAM has been studying the area since last May at the request of the Kazakh government, given that tantalum usually comes with lithium and cesium,” The Korea Times reported. Lithium: A Cornerstone of the New Economy Globally recognized as one of the most critical and scarce elements, lithium is essential for producing lithium-ion batteries that power everything from smartphones and laptops to electric cars and grid-scale energy storage systems. Kazakhstan’s efforts to harness its lithium reserves in East Kazakhstan are expected to boost the country's role in the global energy transition and significantly enhance investment opportunities in the region.

Kazakhstan to Auction 50 Rare Metal Deposits in June 2025

Kazakhstan will grant exploration and development rights for 50 deposits of gold and rare metals through an electronic auction scheduled for June 2025, the Ministry of Industry and Construction has announced. Almas Kushumov, Director of the Ministry’s Department of Subsoil Use, shared the details through MINEX Kazakhstan (Mining and Exploration Forum). “We will auction off deposits with confirmed balance reserves, gold, coal, rare metals, and polymetals,” Kushumov said. “The information will be published soon on the Unified Platform of Subsoil Use, and in June we plan to hold the electronic auction. All participants will be able to submit their documents online.” The auction will be hosted on the Unified Subsoil Use Platform: minerals.e-qazyna.kz. Licenses will be awarded for both exploration and production, with production licenses valid for 25 years. Companies from the United States, European Union, and China have already submitted applications, according to the ministry. The full list of the 50 deposits will be made public in the coming days. Kazakhstan has prior experience with this auction format, between 2023 and 2024, 117 deposits were awarded through electronic auctions, generating over KZT29 billion ($55.9 million) in signing bonuses. Kazakhstan currently holds over 9,000 registered deposits, including 987 classified as solid mineral sites. Many of these were surveyed more than three decades ago, which is why the government is now prioritizing not only production rights but also geological exploration, with strong interest from both domestic and foreign investors. Kushumov noted that the introduction of the Code on Subsoil and Subsoil Use in 2018 significantly improved the investment climate, tripling the volume of private capital in the sector. As previously reported by The Times of Central Asia, the state mining company Tau-Ken Samruk is advancing work at the Kuirektykol rare earth deposit, where exploration began in 2022. Recent studies have identified new promising zones which, if confirmed, could place Kazakhstan among the global leaders in rare earth metal reserves.

Kazakhstan: Alexander Mashkevich, Business and Jewish Community Leader, Dies

Alexander Mashkevich was a prominent figure in Central Asian business for many years: a founder of Eurasian Resources Group, a major mining company that is partly owned by Kazakhstan’s government and has operations in Africa and Brazil, and chairman of the board of directors of the Almaty-based Eurasian Bank. He also founded the Jewish Congress of Kazakhstan and became its first president. Mashkevich, who moved from Kyrgyzstan to Kazakhstan in the 1990s and later obtained Israeli citizenship, died on March 22 after an illness. He was 71 years old and leaves a wife, Larissa, and two daughters, Anna and Alla. Mashkevich “made an enormous contribution to the development of Kazakhstan’s metals and mining sector and the country’s economy,” said Eurasian Resources Group, or ERG. Between 2014 and 2024, Mashkeviich was chairman of the board of directors of Luxembourg-based ERG, which says it is one of the world’s largest producers of ferrochrome, an alloy that can be used to make stainless steel, and cobalt, which is used in batteries and other technologies. The company also says it is also a major producer of copper, the only producer of high-grade aluminum in Kazakhstan, and a big supplier of alumina and iron ore in the Eurasia region. It provides electricity and is a major railway operator in the region. Mashkevich received awards from the Kazakh state for contributions to the country’s development. His operations also came under scrutiny from Britain’s Serious Fraud Office, which for many years investigated suspected bribes that were paid to access mining contracts in Africa. In 2023, the office closed its case without bringing charges. The Eurasian Natural Resources Corporation, a subsidiary of ERG, had meanwhile sued the fraud office for alleged wrongdoing. The two sides settled last year. Separately, Belgian prosecutors alleged that Mashkevich and two partners were involved in a money-laundering scheme. In 2011, the matter was dropped after the three businessmen paid a fine without admitting guilt. Mashkevich, who had a Lithuanian Jewish background, built a reputation as a philanthropist. He was active in the Jewish community in Central Asia, leading the Euro-Asian Jewish Congress, or EAJC, for more than a decade after it was founded in 2002. He supported Jewish schools and other institutions, and one of his last projects was the establishment of a museum about Albanian citizens who saved Jews during World War II, according to the EAJC. In addition to synagogues, he also provided funds for the construction of mosques and churches in Kazakhstan. Mashkevich’s parents met in Kyrgyzstan after being evacuated during World War II. At a conference in Israel in 2011, Mashkevich said Jews had to excel in order to survive. “We have to find – every day – new, creative ways to respond to challenges, which we get every, every, every day the last few thousand years,” Mashkevich said in English. “And I suppose we will get these challenges another few thousand years.”

Opportunities and Challenges in Uzbekistan’s Mining Industry

Uzbekistan is well-positioned to become a key global supplier of critical minerals, but the stakes are high. If not managed prudently, the country risks falling victim to the very challenges that have historically plagued resource-rich nations. According to Nodir Ruzmatov, founder of One Nexus Group and a Master’s candidate in Public Policy at UC Berkeley, Uzbekistan faces a pivotal moment. In his article, “Striking Gold or Courting Disaster in Uzbekistan’s Mining Boom,” Ruzmatov writes: “Uzbekistan stands at a crossroads. Global demand for critical minerals, key to clean energy and high-tech manufacturing, is growing at an unprecedented rate. With gold, copper, lithium, and rare earth elements in abundance, Uzbekistan has an opportunity to become a major global supplier. But as history has shown, such riches can be a double-edged sword.” Rising Demand, Rising Stakes Global demand for critical minerals has surged due to the rapid expansion of electric vehicles, renewable energy systems, and digital infrastructure. Uzbekistan, already a top gold producer and an emerging copper exporter, holds significant reserves of the minerals needed to power the global energy transition. Properly harnessed, this sector could attract billions in investment, create thousands of jobs, and elevate Uzbekistan’s standing in the global economy. Yet, the path forward is fraught with risks. Ruzmatov warns of the “resource curse”, a paradox where natural wealth leads to economic mismanagement, environmental degradation, and political instability. The Syr Darya River serves as a cautionary example: already burdened by industrial waste from neighboring Kazakhstan, it now faces growing contamination from heavy metals, arsenic, and other toxins. These pollutants threaten agriculture, food security, and public health across the region. Learning from Global Experience Ruzmatov draws parallels between Uzbekistan’s situation and water management conflicts in other parts of the world. Disputes over the Colorado River between the United States and Mexico, and environmental challenges in Southeast Asia’s Mekong River basin, show that resource tensions can be addressed through strong legal frameworks and cross-border cooperation. For Uzbekistan, this means not only protecting its rivers but also developing a governance model that prioritizes environmental integrity, transparency, and regional collaboration. A Sustainable Path Forward To avoid repeating past mistakes, Ruzmatov advocates for: Strict environmental regulations to guide mining operations Investment in cleaner, more efficient technologies Enhanced regional partnerships to manage shared natural resources equitably Greater public involvement and scientific research to inform decision-making As he concludes, “The question is no longer whether Uzbekistan should develop its critical minerals sector but rather how it will do so. The Syr Darya crisis and the Aral Sea disaster serve as stark warnings. If Uzbekistan fails to address its water pollution issues now, the consequences will be irreversible.” Uzbekistan has the potential to lead Central Asia in responsible, sustainable mining. Realizing this potential will depend on careful planning, international engagement, and a long-term commitment to environmental and social resilience.