Kyrgyzstan produces over 20,000 tons of gold annually, according to Deputy Minister of Natural Resources and Subsoil Use Alisher Kurmanaliev. According to him, gold is the main driver of the country’s mining industry. In Kyrgyzstan, 14 mining companies are developing nine primary gold deposits: Kumtor, Makmal, Solton-Sary, Jerooy, Terekkan, Ishtamberdy, Jamgyr, Karakazyk, and Taldy-Bulak Levoberezhny.…
Kubanychbek Ysabekov, Deputy Chairman of the State Tax Service, spoke about the taxes paid by gold mining companies. According to him, Kyrgyzstan profits not only from taxes but also from dividends and jobs. Kumtor paid over 10 billion soms in taxes in the first nine months of this year. “Tax revenues are expected to reach…
On October 10, the Minister of Economy Gevorg Papoyan visited the Amulsar mining site to assess the ongoing project by Lydian Armenia, one of the country’s largest investment initiatives. He was joined by Vayots Dzor Governor Vahagn Arsenyan, Deputy Minister Edgar Zakaryan, and government representative Gnel Sanosyan, a board member of Lydian Armenia. Accompanied by…
According to the World Gold Council, global gold production in 2024 was 3.7 thousand tons – only 0.6% more than in the previous year. China leads the world in gold production, accounting for 10.4%, or 380.2 tons. Significant volumes were also produced in Russia (330 tons), Australia (284 tons), and Canada (202.1 tons). The top…
Azerbaijan exported $210.7 million worth of gold from January to August, up 2.2-fold YoY. This was reported in the September edition of the “Export Review” published by the Center for Analysis of Economic Reforms and Communications. In August alone, Azerbaijan exported $31.9 million worth of gold (+49.5%). (Report)
Uzbekistan significantly increased its gold exports from January to August. According to the National Statistics Committee, the volume of gold shipments abroad reached $8.42 billion, up by 68.9% YoY. Gold’s share in the country’s export structure rose to 36.7% from 28.5% in January-August 2024, underscoring the continuing central role of the precious metal in Uzbekistan’s…
Uzbekistan plans to raise its gold production to 118 tons in 2025, President Shavkat Mirziyoyev has announced during a meeting with education sector workers, where he also emphasized the government’s intention to introduce a unified state exam in schools. The head of state recalled that in 2016 the country produced 86 tons of gold, while…
Uzbekistan entered the top 10 global gold producers in 2024, extracting 129 tons of the precious metal, which accounted for 3.5% of total global output, according to the World Gold Council (WGC). Global gold production in 2024 reached 3,661 tons, up by 0.5% YoY. China remained the world’s largest producer with 380 tons, followed by…