The Tajik government has reportedly agreed to give Xinjiang Tebian Electric Apparatus Stock Co. Ltd (TBEA) the rights for further mining of deposits if the profit made from two gold deposits doesn’t cover the cost of building the Dushanbe-2 combined heat and power (CHP) plant.
TBEA top manager Zhang Xin said that according to data provided by the Tajik government, the mineral resources (gold deposits) could cover the company expenses on construction of the Dushanbe-2 CHP plant.
Zhang noted that the deposits given to TBEA had large gold reserves, and if all resources were implemented completely this will bring big economic profit to the company.
Earlier the Tajik government granted licenses to develop two gold deposits in the country to TBEA. The licenses have reportedly been offered in exchange for construction of a new combined heat and power (CHP) plant in Dushanbe.
“The license for development of the Upper Kumargh gold deposit was granted to TBEA at the beginning of this year,” an official source at the Main Geology Directorate under the Government of Tajikistan said.
According to it, the license for development of the Duoba gold deposit had been granted to TBEA.
The licenses have reportedly been offered in exchange for construction of a new combined heat and power (CHP) plant in Dushanbe.
“Under the reached agreements, TBEA has the right to develop the deposits until it recovers expenses made on construction of the Dushanbe-2 CHP plant,” the source said.
The source added the afterwards new agreements on development of these deposits would be concluded with the company under other conditions.
Both deposits are located in the Ayni district of the Sughd province, and according to expert estimates, 1 ton of these deposits’ ore contains more than 2 g of gold.
TBEA in 2013 received necessary licenses from the Government of Tajikistan to conduct exploration operations at both these deposits until 2017. The company was also exempted from customs duties and value added tax on import of equipment.
A total cost of the Dushanbe-2 CHP plant constructed by TBEA is $349 million, including a $17.4-million contribution of the Tajik Government. (Trend/Ukrainian metal)
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