Laramide Resources Ltd. has embarked on an ambitious new exploration project in Kazakhstan’s Chu-Sarysu Basin, one of the world’s most prolific uranium regions. Through a three-year option agreement with Aral Resources Ltd., a Kazakh company registered with the Astana International Financial Center, Laramide Resources plans to explore a nearly 6,000-square-kilometer area in the Chu-Sarysu Basin. […]
Polymetal International plc, a leading mining company, has announced a significant divestment of its Russian business to JSC Mangazeya Plus for a staggering $3.69 billion. This strategic move, requiring shareholder approval, marks a pivotal shift in Polymetal’s focus towards its operations in Kazakhstan and represents a significant step in de-risking the company’s portfolio amid geopolitical […]
TotalEnergies, a French energy company, has reaffirmed its commitment to the energy transition in Kazakhstan by signing a power purchase agreement (PPA) for the 1 GW Mirny wind project. This milestone marks the country’s first PPA for a wind project of such scale. The ambitious project, located in the Zhambyl region, aims to establish the […]
Saudi renewable energy developer ACWA Power has collaborated with the Republic of Kazakhstan’s Ministry of Energy and Samruk-Kazyna to build a 1GW wind energy and battery storage project in line with the Central Asian country’s 2050 Strategy. The partnership marks ACWA Power’s market entry into Kazakhstan and represents the biggest Saudi investment in Kazakhstan’s power […]
Petrofac said that its engineering and production services (EPS) unit, in a joint venture with Kazakhstani company Isker has won an engineering, procurement, construction, pre-commissioning, and commissioning (EPCC) contract worth around $135 million from North Caspian Operating Company (NCOC) for new water treating facilities in Atyrau, Kazakhstan. The work scope for the 30-month contract covers […]
Caspian Beverage Holding, a Kazakh beverages producer, has secured a five-year loan of up to $4 million from the European Bank for Reconstruction and Development (EBRD) for offering greater range and wider availability of its beverage products. The loan will help Caspian Beverage enlarge its distribution network and expand its sales to gain an increased […]
UK satellite internet company OneWeb said that it has launched 34 more satellites into the orbit aboard a Soyuz launch vehicle from the Baikonur Cosmodrome in Kazakhstan. The satellites are said to have separated from the rocket and were sent across in nine batches with the signal acquisition expected to take place in the coming […]