In the past several years the gold contents in the ore at Makmalzoloto have decreased 2-3-fold.
The works could operate with what it has by the start of H2 2018 at best. The depth of ore has also increased – by almost 120 meters from the bottom of the quarry, resulting in the increase of expenses to work there.
According to Kyrgyzaltyn CEO Almaz Alimbekov there are three investors into the Kyldoo site: from Turkey, Singapore and Kyrgyzstan. Preliminary contracts with them have already been concluded.
The potential investors are prepared to invest in the complex development of Makmal. (Ukrainian metal)