Laramide Resources seizes new uranium exploration opportunity in Kazakhstan’s Chu-Sarysu Basin

Laramide Resources seizes new uranium exploration opportunity in Kazakhstan’s Chu-Sarysu Basin

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 to divest Russian business for $3.7bn amid strategic shift

Polymetal International to divest Russian business for $3.7bn amid strategic shift

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 […]

ACWA Power to build 1GW wind energy and battery storage facility in Kazakhstan

ACWA Power to build 1GW wind energy and battery storage facility in Kazakhstan

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 wins contract from NCOC for new water treating facilities in Kazakhstan

Petrofac wins contract from NCOC for new water treating facilities in Kazakhstan

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 […]