Companies specializing in gold mining in Kyrgyzstan transferred more than 158 billion soms to the country’s budget in the form of tax deductions, the press service of the State Tax Service reported. According to the data presented, from 2020 to 2024, 160 mining enterprises provided about 147.5 billion soms in taxes to the budget. In…
According to the results of monitoring of companies mining placer gold in the Kyrgyz Republic, environmental damage amounted to 1,039 billion soms, the First Deputy Minister of Natural Resources, Ecology and Technical Supervision Kubat Kaseinov announced at a meeting of the Committee on Fuel and Energy Complex, Subsoil Use and Industrial Policy of the Parliament.…
Armenia’s Finance Minister Vahe Hovhannisyan has announced that the Amulsar gold mine is expected to begin operations until the end of the year. According to the minister, the project will have a limited but positive effect on the national economy. “If Amulsar starts operating this year, we estimate it could contribute about 0.5% to GDP…
In February, Uzbekistan became the world’s leading gold seller, according to the World Gold Council. The Central Bank of Uzbekistan sold 12 tons of gold, taking the top spot among gold-exporting countries. Kazakhstan ranked second with 8 tons. Poland emerged as the largest buyer, purchasing 29 tons of gold. Following Poland, the next largest buyers…
Azerbaijan exported gold worth $40 million from January through February, marking a significant increase in export revenues. Data from the March issue of the “Export Review” published by the Center for Economic Reforms Analysis and Communication (CERAC) indicate that this figure represents a 5.9-fold increase compared to the same period in 2024 ($6.8 million). The…
According to US Geological Survey (USGS), China, Russia (310 tons) and Australia (290 tons) are the top gold producers in 2024, with China leading at 380 tons. Other major producers include Canada (200 tons), the U.S. (160 tons) and Kazakhstan, Mexico and Ghana (130 tons each), as well as Uzbekistan, which has increased output to…
Development of Bozuchuk site at Solton-Sary gold deposit in Naryn region will begin in 2025, the Minister of Natural Resources, Ecology and Technical Supervision of Kyrgyzstan Meder Mashiev has announced at a briefing. According to him, Chinese Zhong Ji Mining Company has completed construction of a plant at the field. “This is a subsidiary of…
In the first two months of 2025, Uzbekistan exported $1.73 billion worth of gold, according to data from the National Statistics Committee. Compared to the same period last year, gold exports increased by 31.3%. The share of gold in Uzbekistan’s total exports also grew, reaching 37.3%, compared to 36.3% in the previous year. (UzDaily)