President of Kazakhstan Nursultan Nazarbayev has instructed Kazakh officials to attract large transnational corporations during a nationwide teleconference dedicated to the Day of Industrialization.
It is expected that state-run geological exploration project will yield 12 million tons of complex ore in Kazakhstan in five years.
Global credit agency Standard & Poor's said Tuesday that it saw little improvement in iron ore prices in the near-term and warned that smaller single-commodity miners could see their ratings slip.
Our situation is worst with copper and polymetals: the proven reserves of non-ferrous metals will support the industry for another 10-15 years only: Issekeshev.
Summer Gold will pay $5.1 million to Kyrgyzstan for delays in construction of a gold plant. Kyrgyz government intentionally hindered construction, the company says.
- Nursultan Nazarbayev
- United States
- Asia Pacific
- BHP Billiton
- Standard & Poor's
- Summer Gold