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Kumtor gold mine has little effect on glaciers in Kyrgyzstan, experts say

BISHKEK (TCA) — An expert group has concluded that the impact of the Kumtor gold mine on the reduction of the Ak-Shyyrak glaciers is “negligible”. According to experts, the glaciers had begun to melt down long before the Kumtor mine started operation, and the warming climate was the main reason for that. Continue reading

Kyrgyzstan’s Kumtor gold mine reports 2015 production results

BISHKEK (TCA) — The Kumtor mine, the largest gold mine in Kyrgyzstan, produced 16,195.4 kg of gold in 2015. Gold sales in 2015 were 16,189.9 kg with a revenue totaling $604.5 million, Kumtor Gold Company said on March 16. Continue reading

Kazakhstan to start refining gold from Iran

ASTANA (TCA) — Last year Kazakhstan’s three gold refineries produced more than 30 tons of refined gold, an increase of 15 percent compared to 2014, Meiramgali Tleuzhanov, director of Tau-Ken Altyn gold refinery, told a news conference on March 15, the official website of the Prime Minister of Kazakhstan reported. Continue reading

Centerra reports ‘important next step’ in advancing Mongolian gold project

BISHKEK (TCA) — Canada-based Centerra Gold Inc., the largest Western-based gold producer in Central Asia which is also developing the Kumtor gold deposit in Kyrgyzstan, on February 4 announced that the Mongolian Parliament had passed a resolution setting the state ownership interest in the Gatsuurt Project at 34% and authorizing the Mongolian government to complete negotiations with Centerra on the terms of such ownership. Continue reading

Gold production grew 31% in 2015 in Tajikistan

DUSHANBE (TCA) — Tajikistan’s gold production in 2015 grew 31.6 percent and silver production increased by 61 percent compared to 2014, Avesta news agency reported citing Tajik Minister of Industry and New Technology Shavkat Bobozoda. Continue reading

Tajikistan’s gold and hard-currency reserves grew in 2015

DUSHANBE (TCA) — In 2015 gold reserves of the National Bank of Tajikistan grew 40 percent and the total gold and foreign-currency reserves increased by 28 percent, National Bank Chairman Jamshed Nurmakhmadzoda told reporters in Dushanbe on January 26, Avesta news agency reported.    Continue reading