As part of the official visit of Tajik First Deputy Prime Minister of Tajikistan Kholikzoda to Kyrgyzstan, a representative business delegation from Tajikistan arrived. The purpose of the visit was to establish and expand trade and economic cooperation, familiarize themselves with the industrial potential of Kyrgyzstan and sign memorandums of cooperation, Kyrgyzaltyn reported. The Tajik…
The state-owned company Kyrgyzaltyn has taken full control of the assets of the former Kara-Balta Mining Plant. The main decision was the acquisition of 100% of the share in Kara-Balta Mining Company LLC, created on the basis of the restructured assets of the Kara-Balta Mining Plant. The cost of the transaction was 322.9 million soms.…
Kyrgyzstan’s largest domestic gold mining company, Kyrgyzaltyn, plans to launch two industrial projects in 2025. “Currently, a gold extraction plant is being built at the Solton Sary deposit in Naryn region in partnership with Indian collaborators. Once operational, the facility will create at least 400 new jobs,” the company’s statement said. Additionally, Kyrgyzaltyn is planning…
The President of Kyrgyzstan Sadyr Japarov visited the brand store for the sale of weighted gold bars of Kyrgyzaltyn JSC. The head of state was informed that the official opening of the store took place on September 5. The sales of gold bars amounted to 50 million soms and the company’s net income — 3…
Personnel changes have occurred in the management board of Kyrgyzaltyn OJSC, the website of the Kyrgyz Stock Exchange reports. The board of directors of Kyrgyzaltyn OJSC elected Aisha Karpayeva as Deputy Chairperson of the company’s management board. Previously, she held the post of Deputy Minister of Natural Resources, Ecology and Technical Supervision. Aisha Karpayeva was…
Kyrgyzaltyn JSC has been granted rights to use Kyzyl-Ompol subsoil. The corresponding order was signed by the head of the Cabinet of Ministers of Kyrgyzstan. The company received the right to conduct geological exploration and develop deposits in Issyk-Kul region. Kyrgyzaltyn has the right to develop deposits of titanomagnetite, zirconium, phosphorus, thorium and uranium on…
A new gold bar production plant will be opened in Kara-Balta city in August, Deputy Chairman of the Board of Kyrgyzaltyn OJSC Narynbek Satybaldiev has announced at a press conference. The launch of the plant will be part of the events timed to the 100th anniversary of the formation of the Kara-Kyrgyz Autonomous Region and…
Kumtor Gold Company CJSC will pay Kyrgyzaltyn OJSC $151.3 million in dividends, up by $11.3 million YoY. After Kumtor pays dividends to the state for last year, Kyrgyzstan’s total income from the gold mining company’s shares for 2022 and 2023 will be $291.3 million. This exceeds the amount of dividends received by the country from…