The Abai region has attracted some KZT 3.5 trillion worth of investments since the beginning of 2025, akim (governor) Berik Uali has announced. According to Uali, the number of ongoing projects has grown from 29 to 97, while the volume of investments has increased from KZT 2.2 to 3.5 trillion. 50 projects have been featured…
From January to September, Azerbaijan exported $238 million worth of gold, 2.1 times more than in the same period last year. This was reported in the October edition of the export review by the Center for Analysis and Communication of Economic Reforms. In September alone, Azerbaijan exported $27.4 million worth of gold, a 45.75% increase…
In January-September, Uzbekistan significantly increased its exports of non-monetary gold, according to the National Statistics Committee. The value of gold exports reached $9.9 billion, up by 70.9% YoY. Gold’s share in the country’s total exports rose to 37.1%, compared with 28.9% in January-September last year, underscoring the key role of the precious metal in Uzbekistan’s…
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)