In May, central banks globally bought 23 tons of gold and sold 12 tons. Kazakhstan was the biggest seller, offloading 11 tons. Poland led buyers with 10 tons, followed by Turkey with 6 tons and India with 4 tons. Uzbekistan’s central bank didn’t sell any gold in May after selling 1 ton in April. Thus,…
Gold will not be mined at Shambesai, President of Kyrgyzstan Sadyr Japarov has said. The president was in Kadamdzhai district of Batken region. There he met with local residents on the issue of development of Shambesai gold field. Sadyr Japarov said that an end had been put to this issue. “Now let’s forget about this…
According to operational data, Kyrgyzstan in January-April exported 3,121.7 kilograms of gold for a total value of almost $212.2 million, according to the National Statistical Committee. Over the same period last year the country exported 1,411.2 kg of gold. Buying countries for the reporting period in 2024 were: – Hong Kong (special administrative region of…
TALCO Gold, the daughter company of the aluminum giant, increased its income almost 2.7-fold. Gold manufacture increased. According to the legislation, the volume of the output is kept secret. In January-April, TALCO Gold sold 298.7 million somoni (around $27.3 million) worth of gold and antimony, up by 188.8 million somoni YoY, or by 272%. The…
In January-March, Kyrgyzstan exported 2.11 tons of gold worth $139.3 million. In March, about 467 kilograms of the precious metal were sold. The republic sold most of the gold to the special administrative region of China – Hong Kong – 1,126 tons for $75 million. Switzerland was in the second place among export countries with…
In January-March, about 2.1 tons of the precious metal were exported from the Kyrgyz Republic. While in previous months the republic exported almost the entire volume of gold to Switzerland, now the leader was Hong Kong (China). The top five export commodities remain unchanged for the second year in a row: gold, ores and concentrates…
The depth of the quarry at the Muruntau gold mine has reached 650 meters. The next stage will see the depth exceeding 1 thousand meters and yielding over 50 million tons of ore per year. This is the largest gold deposit with the reserves estimated at more than 4.5 thousand tons. At present the quarry…
The Asian Development Bank forecasts gold export growth in 2024-2025, ADB experts have said during the presentation of the Asian Development Review in Bishkek. According to them, the current account deficit is expected to narrow in 2024-2025, as gold exports increase and imports slow due to lower domestic demand and re-exports. (Kazinform)