Azerbaijani Parliament has ratified the agreement on Soyudlu (Zod) gold mine. At a session on December 27, the bill of the Republic of Azerbaijan on adoption and approval, authorization for implementation of the “Agreement on restoration, exploration, development, share of production of gold mine of Soyudlu (Zod)” was submitted for discussion. Following the discussions, the…
Revenue from the income tax on gold mining companies amounted to more than 12.5 billion soms, the Ministry of Finance of Kyrgyzstan reported. In the first 10 months of 2024, collection of this tax reached 12,619.1 billion soms. The financiers had forecast 11,707.5 billion soms. Thus, the tax collection exceeded expectations by 911.6 million soms,…
In January-October, Kyrgyzstan exported 13,836.6 million grams of gold (13.83 tons) to China, the UAE, Great Britain and Switzerland. According to the National Statistical Committee, the total amount of precious metal exports reached 91,884,391.9 billion soms, equivalent to $1,064,425.5 billion. Compared to last year, the volume of exported gold increased by 7.4%. The amount of…
A criminal case has been opened on the fact of illegal mining of placer gold at Orto-Tokoi reservoir, the press service of the Prosecutor General’s Office reports. “It was found out during an inspection that due to the lack of proper control on the part of local government bodies, as well as officials of Orto-Tokoi…
Prime Minister Olzhas Bektenov has visited metallurgical enterprise of Astana. The head of the government checked the process of fulfillment of the President’s instructions on diversification of economy and implementation of investment projects. In particular, he visited the LLP Tau-Ken Altyn gold refinery specializing in purification of gold from other metals, substances and alloys. Since…
Kyrgyzstan has more than 5,000 deposits of various minerals, including gold, rare earth elements, uranium, thorium and other valuable metals, Deputy Minister of Natural Resources Narynbek Satybaldiev has announced at a briefing. According to approved government data, gold reserves in Kyrgyzstan amount to just over 1,000 tons. However, geologists estimate the country’s total resource at…
In the first nine months of 2024, Kyrgyzstan exported 15% more gold than in the same period of 2023. The National Statistical Committee provided the data. In total, during this period, Kyrgyzstan exported 11.3 tons of gold worth $853 million. This is a 15% increase in weight and a 37% increase in value compared to…
The Canadian company Euro Sun Mining, the owner of the Rovina gold project in Romania, the second largest in Europe, has concluded a binding Memorandum of Understanding with the Anglo-Swiss group Glencore, the world’s largest commodity trader, for the production to be obtained at the field in Romania. The project faces environmental hurdles generated by…
