Subsoil Users Must Pay for Licenses in Accordance with the Value of the Mineral Deposits
Companies must pay for subsoil use based on the actual value of the mineral deposits, as this will provide an incentive for them to develop the licensed sites. This statement was made by the Deputy Prime Minister of the Russian Federation, Dmitry Patrushev, during a meeting of the Board of …
Uzbekistan Increases Coal Production but Reduces Oil and Gas Output in the First Quarter of 2025
In the first quarter of 2025, the mining industry of Uzbekistan produced goods worth 18.3 trillion Uzbek sums, accounting for 8.7 percent of the country’s total industrial production volume, according to the national statistics agency, as reported by Sputnik Uzbekistan. The highest growth was recorded in coal production, which reached …
China Increased Oil Production In January and February
According to the State Statistics Administration of the People’s Republic of China, the country reduced coal production during this period. China is increasing oil production. This is evidenced by data for January and February published by the State Statistics Administration (SSA) of the People’s Republic of China. The volume of …