Romania: arbitration case against Canadian company for controversial gold mining project unexpectedly won

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,…

Kyrgyzstan: gold exports up in 2023

Kyrgyzstan exported 20.2 tons of gold in 2023, up 69-fold YoY. According to the State Statistical Committee of Kyrgyzstan, the export value amounted to $1.284 billion, up 14-fold. During this period, Kyrgyzstan exported gold to the following countries: Switzerland – 17.065 tons ($1.088 billion), China’s Hong Kong – 1.847 tons ($115 million), UAE – 1.294…

Kyrgyzstan: 20.2 tons of gold sold in 2023

In 2023, Kyrgyzstan exported 20.2 tons of gold for $1,284.3 billion, data of the National Statistical Committee said. Only 290 kilograms of precious metal worth $1.3 million were exported in 2022. Thus, last year, the volume of gold exports increased 69-fold YoY. Switzerland accounted for the main volume of exports of the precious metal —…

Uzbekistan: gold sales up in July 2023

In July, Uzbekistan sold 11 tons of gold, according to the World Gold Council. This brought the total gold sales for the country to 46 tons in the first seven months of this year. During this period, Uzbekistan also purchased 16 tons of gold. Additionally, Kazakhstan sold 4 tons of gold in July, and both…