KAZAKHSTAN

Polymetal International plc: Proposed divestment of Polymetal Group’s Russian business and notice of General Meeting

Retrieved on: 
Wednesday, March 13, 2024
AIX, Ertis, MOEX, Person, Circular, Intra, Sale, Nationalization, Proxy, Polymetal, Mining, THIS, VIA, NOT, LAWS, POX, State, Mass meeting, Polymetal International, Transaction, Completion, Risk, Gold, Resolution, United, JSC, Committee, Baksy, Cryptocurrency

Polymetal International plc (“Polymetal”, the “Company” or the “Group”) announces today that it has entered into contracts for the divestment of its Russian business for an effective total consideration of approximately US$3.69 billion (the “Transaction”).

Key Points: 
  • Polymetal International plc (“Polymetal”, the “Company” or the “Group”) announces today that it has entered into contracts for the divestment of its Russian business for an effective total consideration of approximately US$3.69 billion (the “Transaction”).
  • A quick, transparent, and sanctions-compliant exit under the terms of the proposed Transaction serves the interests of all stakeholders.
  • The completion of the divestment will allow the Group to de-risk the Company’s business, deliver stable cash flows and pursue new investment opportunities.
  • The Transaction values the Russian business at approximately US$3.69 billion [1] including third-party debt and intra-group arrangements detailed in the Circular.

Republic of Kazakhstan: Invitation to PDAC 2024 Booth 7009

Retrieved on: 
Friday, February 23, 2024
Prospectors, Booth, MTCC, PDAC, Metro Toronto Convention Centre

Ottawa, Ontario--(Newsfile Corp. - February 23, 2024) - Visit Republic of Kazakhstan at Booth #7009 at the Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 3 to Wednesday, March 6, 2024.

Key Points: 

Ottawa, Ontario--(Newsfile Corp. - February 23, 2024) - Visit Republic of Kazakhstan at Booth #7009 at the Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 3 to Wednesday, March 6, 2024.

B5+1 Forum aims to strengthen Central Asian regional economic integration:

Retrieved on: 
Monday, March 11, 2024
CIPE, Forum, Chamber of commerce, Commerce, Government, State, Agribusiness, Transport

In line with the goals outlined in the New York Declaration of the C5+1 Presidential Summit in September 2023, this Forum prioritizes accelerated regional cooperation, improved connectivity, and a more favorable business environment through the public-private dialogue process.

Key Points: 
  • In line with the goals outlined in the New York Declaration of the C5+1 Presidential Summit in September 2023, this Forum prioritizes accelerated regional cooperation, improved connectivity, and a more favorable business environment through the public-private dialogue process.
  • This Forum represents a year-long collaborative effort with more than 300 experts and 200 business organizations in Central Asia.
  • The upcoming B5+1 Forum aims to address practical solutions to the challenges facing these priority sectors to help increase international investment in the region.
  • Over two days, experts and business community leaders will share their vision for an integrated economic future for Central Asia as a single regional market.

MSCI upgrades VEON to 'AA' ESG Rating

Retrieved on: 
Monday, March 4, 2024
ESG, AA, Euronext Amsterdam, Certification, VEON

Amsterdam, 4 March 2024: VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that, MSCI has raised the Company’s Environmental, Social, and Governance (ESG) rating to 'AA' from 'A'.

Key Points: 
  • Amsterdam, 4 March 2024: VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that, MSCI has raised the Company’s Environmental, Social, and Governance (ESG) rating to 'AA' from 'A'.
  • This upgrade positions VEON within the ‘Leaders’ category amongst the 131 telecommunication services companies evaluated by MSCI, demonstrating our commitment to sustainable and ethical business operations.
  • The ESG rating agency also named VEON’s exit from Russia as a factor contributing to the rating upgrade.
  • For further details on VEON and our ESG practices, please visit our website at https://www.veon.com/we-are-veon/sustainability .

Kenges Rakishev and Aselle Tasmagambetova Invest in New Venture Firm BYB Capital, aim to boost Kazakhstan's Tech Startups

Retrieved on: 
Thursday, February 29, 2024
Saby, Natural Resources, Investment, Growth, Mentorship, BYB, ESG, Forbes List, Health, Business, Nursultan Nazarbayev International Airport, Ecosystem, Intellectual property, Kazakhstan Stock Exchange, Agriculture, Software

ALMATY, Kazakhstan, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Entrepreneurs Kenges Rakishev and Aselle Tasmagambetova will be the first investors in new venture capital firm BYB Capital, whose goal is to boost technology startups in Kazakhstan and support its growth and international expansion.

Key Points: 
  • ALMATY, Kazakhstan, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Entrepreneurs Kenges Rakishev and Aselle Tasmagambetova will be the first investors in new venture capital firm BYB Capital, whose goal is to boost technology startups in Kazakhstan and support its growth and international expansion.
  • The new corporation has been introduced today at Fincraft Group's auditorium in Almaty, with over 100 guests in attendance.
  • BYB will support early-stage B2B software enterprise companies focusing on Central Asia and the Caucasus and trans-border and U.S. market expansion.
  • Creating a venture fund is a well-considered decision we have worked on for several years," explained Tasmagambetova.

Arras Minerals Acquires the Highly Prospective “Tay” Porphyry Copper Target in Kazakhstan

Retrieved on: 
Wednesday, February 28, 2024
ARK, Copper, Anomaly, Geology, News, CPG, KAZ Minerals, Arras, Radius, IP, American Institute, Rare-earth element

The license covers 118 square kilometres in northeastern Kazakhstan and is located within the Bozshakol-Chingiz magmatic arc, an under-explored emerging porphyry province.

Key Points: 
  • The license covers 118 square kilometres in northeastern Kazakhstan and is located within the Bozshakol-Chingiz magmatic arc, an under-explored emerging porphyry province.
  • Tay is located 28 kilometres (“km”) to the north of the Bozshakol open pit copper-gold mine which is operated by Kaz Minerals.
  • Tay is 100% owned by Arras and is not included in the Teck-Arras Strategic Exploration Alliance announced on December 7, 2023.
  • Located 28 km north of the Kaz Minerals Bozshakol mine, a significant copper-gold operation with over one billion tonnes of reserves, producing 100,000+ tonnes of copper annually.

Asensus Surgical Celebrates 1,000 Senhance Cases Completed at Three Global Hospitals

Retrieved on: 
Tuesday, February 27, 2024
Intelligence, Hospital, Deep learning, Dentistry

"We're thrilled to reach the significant milestone of 1,000 successful Senhance cases at each of these reputable hospitals.

Key Points: 
  • "We're thrilled to reach the significant milestone of 1,000 successful Senhance cases at each of these reputable hospitals.
  • This achievement underscores the growing acceptance and confidence in our Senhance Surgical System," remarked Anthony Fernando, President and CEO of Asensus Surgical.
  • "It's a testament to our unwavering dedication to advancing surgical capabilities and ultimately improving patient outcomes."
  • The Senhance Surgical System is designed to increase surgeon control and reduce variability through Augmented Intelligence and deep learning capabilities.

VEON launches ROX, its digital-first brand in Pakistan

Retrieved on: 
Tuesday, February 27, 2024
OQ, Tamasha, Maus, GameNOW, Euronext Amsterdam, ROX, IZI, VEON

MWC24 Barcelona, 27 February 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Jazz, its digital operator in Pakistan, is launching ROX, a new mobile service brand to serve the digital natives of the country with an integrated lifestyle experience.

Key Points: 
  • MWC24 Barcelona, 27 February 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Jazz, its digital operator in Pakistan, is launching ROX, a new mobile service brand to serve the digital natives of the country with an integrated lifestyle experience.
  • ROX is designed to appeal to the digital-first generation of Pakistan and provides a range of digital lifestyle services through a dedicated mobile app.
  • "In Pakistan, with 64% of the population under the age of 30, there is a significant demand for digital-first experiences.
  • In Uzbekistan, the OQ was launched in October 2023 and had already gained 177 thousand MAUs by December 31st.

Arras Minerals Confirms Large “at Surface” Untested Porphyry System on the Elemes Licence in Kazakhstan

Retrieved on: 
Thursday, February 22, 2024
ARK, Bias, Soil, Collection, ALS, Anomaly, XRF, News, KAZ, Metallurgy, Geo, National instrument, Arras, Radius, KVA, Rare-earth element

Tim Barry, CEO of Arras Minerals stated, “The coherence and continuity of the copper soil anomaly over 8.8 kilometers is impressive.

Key Points: 
  • Tim Barry, CEO of Arras Minerals stated, “The coherence and continuity of the copper soil anomaly over 8.8 kilometers is impressive.
  • In summary, we now have a confirmed second large porphyry system within our extensive licence package in NE Kazakhstan.”
    Figure 2.
  • The 8.8 km copper soil anomaly identified by Arras within the Elemes Licence.
  • The location of the medium sulphidation epithermal system sampled by Arras and announced on 11 July 2023 is also shown.

Demand Booming as Global Uranium Mining Market Expected To Reach $11.3 Billion By 2030

Retrieved on: 
Wednesday, February 21, 2024
Cloud, Powder River Basin, Mining, News, Growth, UXC, Denison Mines, Probability, Offering, Soil, SCP, 3D, Nuclear fission, Stallion, SABRE, Orano Canada, OTCQX, Conventional weapon, Water, Partnership, Luce Irigaray, Survey, Carbon, STUD, Void coefficient, Mergers and acquisitions, PALM, Xplor, Uranium, UEC, Exploration, ISR, TSX, PLS, Power plant engineering, DNN, SASK, Nuclear energy, FCU, Uranium mining

It also said that the global uranium mining market is expected to reach US$ 11,388.3 million by 2030, with an annual growth rate of more than 5.0%.

Key Points: 
  • It also said that the global uranium mining market is expected to reach US$ 11,388.3 million by 2030, with an annual growth rate of more than 5.0%.
  • The uranium mining market is estimated to be 53.0 thousand tons (kt) in 2023.
  • The report added: “Uranium mining is the extraction of uranium ore from the ground for use in nuclear power plants and the development of nuclear weapons.
  • Based on the mining method, the open-pit mining segment is the most common method of uranium mining, accounting for over 90% of global uranium production in 2022.