Kyrgyzstan: Silvercorp Metals transfers $60 million for Chaarat development
Canada-based Silvercorp Metals has transferred $60 million to the Kyrgyz government under projects to develop the Tulkubash and Kyzyltash areas of the Chaarat deposit. The company transferred the funds to the National Investment Agency of Kyrgyzstan after its license was extended for 30 years, until 2062. As agreed by the parties, a joint venture has…