Gold-extracting companies can obtain a right to receive general license to export gold and silver ingots instead of one-time licenses. The amendments to the legislations have been prepared by the Ministry of Industry and Trade. The ministry believes the current system is slowing the exports down. Unlike general licenses, one-time ones are seriously limited: they…
Government of Kyrgyzstan has asked for two months to respond to the demands of activists on Jerooy deposit, civic activist Aibek Busurmankulov has reported. According to him, the organizers of the national assembly were received by the Prime Minister Mukhammedkaly Abylgaziev in Talas. “The head of the government has asked for two months. As you…
Since the start of the alluvial season, Dnepr-Gold LLC has extracted 500 kg of gold. The main volume of gold is washed at the sites in Taskan and Burhaky rivers valley. So far the company has exceeded its output target by 16.6%. Initially it was planned to extract 440 kg of gold. Moreover, Priiskatel LLC,…
The national assembly on Jerooy gold deposit, scheduled for October 1, was canceled. According to the organizers, they received information about threat of disruption of the event and its use for political purposes. “We can’t voice names, but apparently, there were people among us, who pursued their goals. There is information about possible provocations, we…
In January-May Russia increased gold manufacture by 9.59% YoY, to 101.44 tons. In particular, gold extraction totals 80.99 tons, up by 11.74%, secondary gold – 13.1 tons, down by 4.59%, and auxiliary gold – 7.35 tons, up by 15.93%. Silver output dropped by 9.32%, to 383.654 tons, including 175.39 tons of extracted silver, down by…
Gold mining company Centerra Gold Inc. announced that Michael S. Parrett would succeed Stephen A. Lang as independent Chair of the Board of Directors effective October 1. Stephen Lang, who joined Centerra’s Board of Directors in 2008 and had held the Chair position since 2012, would remain as a board member and support an orderly…
In January-June the net profit indicators of Kyrgyzaltyn OJSC turned out to be 14 times higher than in 2018, press service of the company reported. The net profit of Kyrgyzaltyn amounted to 119.2 million soms. In 2018 the OJSC earned only 8.5 million soms over the same period. “Such high rates became possible thanks to…
Kyrgyzstan and Centerra Gold came to a new agreement on Kumtor project after long negotiations. It has entered into force. It has been repeatedly written about additional payments that the republic would get under the new agreement. But it is important not only because of them. Aza Migranyan, Doctor of Economics, Professor, Head of the…
