TALCO Gold, a joint venture created by the Tajik state aluminum company TALCO and Chinese Tibet Huayu Mining, announced that it would start developing the mercury-antimony deposit Konchoch in March 2020.
TALCO received the license back in 2015.
The joint venture plans to extract some 15 thousand tons of antimony per year and produce 6 thousand tons of antimony oxide.
Thus, TALCO will be able to drive its share on the global market of antimony, now dominated by China, to 10%.
The company will also mine some 2.2 tons of gold per year. This will increase Tajikistan gold output by more than one third. (Ukrainian metal)