Russian precious metal producer Polymetal is in talks with the Kazakh government over acquisition of 2 mines in the country, the companys CEO Vitaly Nesis has revealed. He noted that the process of reaching an agreement and obtaining government approval is time-consuming. Polymetal is also holding negotiation with Tau-Ken Samruk over possible joint exploration operations at gold deposits. Presently, Polymetal operates at the Varvarinskoye deposit in Kazakhstan. The company expects a slight decrease in gold production at the deposit this year. In 2011, Polymetal produced 3 tons of gold and 7,000 tons of copper at the Varvarinskoye. |
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