Tajikistan: TALCO to start mining gold

TALCO Gold plans to construct a precious metals extracting and processing works in the north of Tajikistan. Construction is expected to have been completed by the end of 2019. Around 1 thousand jobs will be created. TALCOo Gold is a part of Talco. The latter received the gold deposits on the territory of Aynin district…

Tajikistan: TALCO to start mining gold

In 2018 the Tajik Aluminum Company plans to start developing the Konchochskay group of deposits. The deposits have large reserves of gold, silver, mercury, antimony and other metals. “In 2018 we will start mining and processing gold, silver and antimony”, the company said. TALCO obtained the license to develop the deposits in December 2015. The…

Tajikistan: TALCO to increase aluminum output

Tajik Aluminum Company intends to increase aluminum output to 1 million tons per year. For this in 2018 it will start constructing a new aluminum plant and will completely modernize the existing one. The new plant will be constructed by Yunnan. The Chinese company has already prepared the feasibility study and is developing the design.…

Tajikistan: TALCO to be completely modernized

TALCO intends to increase aluminum capacities to 300 thousand tons per year by 2020. According to a company representative Igor Sattarov, it has all the possibilities of reaching the goal thanks to the current economical situation, positive market prospects and implementation of the new aluminum manufacture technique. Previously TALCO capacity was 600 thousand tons of…

Tajikistan: TALCO output up amid world prices rise

Tajikistan Aluminum Company is increasing primary aluminum output, the country main export product. According to the company representatives, the output increase is spurred by the world prices growth. “We have both resources and ability to increase output and reach the annual target by year-end”, TALCO information-analytical department director Igor Satarov said. This year the company…

Tajikistan: TALCO aluminum output down in H1 2017

In January-June the Tajik Aluminum Company produced 49.101 thousand tons of aluminum, down by 32.8% YoY. The decrease had to do with the world price jumps on aluminum and the usage of outdated technology, which makes TALCO products uncompetitive. According to the industry and new technologies minister Shavkat Bobozoda, the only aluminum manufacturer and the…

Tajikistan: blackout cost TALCO $8 million in 2016

Last year’s blackout has reportedly cost the Tajik Aluminum Company (TALCO) more than $8 million. Over the first two months of this year, Tajik aluminum smelter has reduced aluminum production by 36.3% YoY, according to the Ministry of Industry and New Technologies (MoINT). In January-February, TALCO produced only 16,300 tons of primary aluminum, down by…

Tajikistan: TALCO and RUSAL reach amicable agreement

The Tajik Aluminum Company (TALCO) and the Russian aluminum giant, United Company Russian Aluminum (RusAl), have reached an amicable agreement. According to the TALCO press center, TALCO and RusAl signed an amicable agreement in Moscow on March 23. The sides reportedly accepted that there were no unresolved disputes between them. Meanwhile, a source in the…

Tajikistan: TALCO accused by mistake

The Ministry of Finances has admitted that while preparing the Tajik Aluminum Works 2010-2015 and H1 2016 operational results review it has made some mistakes. “In particular, export-import operations were stated in the company profits that have nothing to do with the company financial activity and, thus, cannot represent its financial state”, the ministry said.…

Tajikistan: TALCO almost stopped

The Tajik Aluminum Company still experiences the aftermath of the emergency electricity cut off and calculates losses. “On October 28, because of the electricity cut off in some regions, TALCO was left without light”, information department director Igor Sattarov reported. In September the company operated 303 electrolysis baths. TALCO specialists believe that the electricity cut…

Tajikistan: TALCO relieved of electricity debts

For the past 6 years electricity debts of Tajikistan Aluminum Company valued at 261.6 million somoni have been written off. Even though the company receives electricity at low tariffs. Because of the untimely payment for electricity in H1 TALCO’s debts reached 468.4 million somoni. The company consumes some 30% of Tajikistan-produced electricity every year. In…