Global miner Rio Tinto is entering Kazakhstan. The company signs a memorandum with Kazakh state company Tau-Ken Samruk on joint prospecting and mining in Kazakhstan. The Kazakh side will supply rights and permission while Rio Tinto will provide technology. The parties plan to create a joint venture on parity basis. The deal was welcomed by the Kazakh authorities as investment in exploration decreased in past few years due to falling commodity prices. Tau-Ken Samruk is an arm of sovereign fund SamrukKazyna for metals and mining. |
Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more
Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more
Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more