Government of Kyrgyzstan hopes that operation of Kumtor mine will be extended for 5-6 years. According to the head of Kyrgyzaltyn OJSC Almazbek Alimbekov, Centerra Gold has already allocated $24 million for exploration. “The work was carried out by local companies, so the money remained in the country. If the mine will operate for other…
“Settlement of issues related to the Kumtor project may encourage foreign investors to provide additional resources for development of the mine,” Aigul Berdigulova, Analyst at the Economic Analysis Department of the Eurasian Development Bank, declared. According to her, entry into force of a strategic agreement between the Government of Kyrgyzstan and Centerra Gold brings certainty…
The miners team Vitim, developing the alluvial sites in Irkutsk region, since the start of the season has extracted 1263 kg of gold, down by 5% YoY. Last year as of August 1 the company extracted 1332 kg of gold. According to the output plan this year the company has to yield 2800 kg of…
TALCO Gold, a joint venture created by the Tajik state aluminum company TALCO and Chinese Tibet Huayu Mining, announced that it would start developing the mercury-antimony deposit Konchoch in March 2020. TALCO received the license back in 2015. The joint venture plans to extract some 15 thousand tons of antimony per year and produce 6…
“Entry into force of a new strategic agreement between Centerra Gold and the government of Kyrgyzstan will have a positive effect on both operation of the mine and the mining industry,” Eldar Tadzhibaev, Chairman of the Central Committee of the Mining and Metallurgical Union, declared. According to him, it is good that the government and…
“Business welcomed the news of the entry into force of the Strategic Agreement between the government of Kyrgyzstan and Centerra Gold on Kumtor,” Askar Sydykov, Executive Director of the International Business Council, declared. According to him, any uncertainties in relations between the government and Centerra Gold directly affect the investment climate in Kyrgyzstan. The business…
The manufacturing cooperative Plamya, developing alluvial gold sites in the Republic of Sakha (Yakutia), since the start of the washing season has obtained some 100 kg of gold. The quota for the company this year amounts to 280 kg. Compared with the previous year the output has decreased somewhat due to the thinning of reserves,…
Government of Kyrgyzstan has increased money receipts under a strategic agreement with Centerra Gold to $150 million, the Information Support Department of the Cabinet’s Office reported. The Prime Minister Mukhammedkaly Abylgaziev has held a meeting on the mechanisms of work of the Nature Development Fund and the Social Partnership for Regional Development Fund, created as…