TALCO Gold, the daughter company of the aluminum giant, increased its income almost 2.7-fold. Gold manufacture increased. According to the legislation, the volume of the output is kept secret. In January-April, TALCO Gold sold 298.7 million somoni (around $27.3 million) worth of gold and antimony, up by 188.8 million somoni YoY, or by 272%. The…
In January-March, Kyrgyzstan exported 2.11 tons of gold worth $139.3 million. In March, about 467 kilograms of the precious metal were sold. The republic sold most of the gold to the special administrative region of China – Hong Kong – 1,126 tons for $75 million. Switzerland was in the second place among export countries with…
In January-March, about 2.1 tons of the precious metal were exported from the Kyrgyz Republic. While in previous months the republic exported almost the entire volume of gold to Switzerland, now the leader was Hong Kong (China). The top five export commodities remain unchanged for the second year in a row: gold, ores and concentrates…
The depth of the quarry at the Muruntau gold mine has reached 650 meters. The next stage will see the depth exceeding 1 thousand meters and yielding over 50 million tons of ore per year. This is the largest gold deposit with the reserves estimated at more than 4.5 thousand tons. At present the quarry…
The Asian Development Bank forecasts gold export growth in 2024-2025, ADB experts have said during the presentation of the Asian Development Review in Bishkek. According to them, the current account deficit is expected to narrow in 2024-2025, as gold exports increase and imports slow due to lower domestic demand and re-exports. (Kazinform)
Foreign Minister of Kyrgyzstan Jeenbek Kulubaev visited the Malaysian company Public Gold, which sold and manufactured gold and silver products on an industrial scale. The parties discussed with the leadership of Public Gold the establishment of cooperation with Kyrgyz companies on the creation of joint ventures in the Kyrgyz Republic for the production of gold…
RG Gold, developing the Raigorodok deposit in Akmola region, could suspend gold extraction using heap leaching this year. “Because of the thinning of oxidized ore we, most likely, will have to suspend operation and mothball heap leaching manufacture,” the financial director Marat Shaimardanov has said. RG Gold is using two types of processing capacities with…
Romania would not have to pay any compensation to the Canadian mining company Gabriel Resources for stopping the gold mining project at Rosia Montana, the International Center for Settlement of Investment Disputes in Washington (ICSID) decided on March 8. Romania’s Government issued a statement confirming the outcome of the case on March 9. The verdict,…
