Viewing results 1 - 6 of 167
OSH, Kyrgyzstan (TCA) — Precious metals and stones, along with ferrous and non-ferrous metals, worth according to some estimates up to 3 trillion dollars are waiting under Afghanistan’s soil to be exploited. But to do so appears to be a remote dream at best for mining entrepreneurs given what happens on the ground rather than beneath it, leaving mining activity to thugs and terrorists whose variety in Afghanistan is hardly less rich. Continue reading
BISHKEK (TCA) — This time the clash between Kyrgyzstan’s authorities and the operator of the country’s largest gold mine and core moneymaker Kumtor Gold seems to be more serious than previous ones. At stake is close to $200 million in dividends paid by Kumtor to its parent company in Canada back in early 2013 and withheld by the latter to its shareholders citing a “charge” for “de-recognition” of mining assets during the summer of the previous year. Perfectly legal, the mining company argues. A corporate kickback in the eyes of the Kyrgyz prosecutors, though. Continue reading
BISHKEK (TCA) — Kumtor Gold Company has said that its two vice presidents — Mark Burton, Vice President, Finance, and Leslie Louw, Vice President, Procurement and Logistics — have left Kyrgyzstan to take their long-planned vacations that had been approved back in January and March 2016. Continue reading
ASTANA (TCA) — An auction to attract investors in the mining and metallurgical sector of Kazakhstan will be held on June 16 as part of the 7th International Mining and Metallurgy Congress and Exhibition AMM 2016, which will take place in Astana on June 15 and 16, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported citing Deputy Minister for Investment and Development of Kazakhstan Albert Rau. Continue reading
BISHKEK (TCA) — Canadian based gold mining company Centerra Gold Inc. says that the Kyrgyz Republic General Prosecutor’s Office (GPO) and other state law enforcement agencies conducted a search at the Bishkek offices of Kumtor Gold Company (KGC), Centerra’s wholly-owned subsidiary, in the afternoon of April 28. Continue reading
ALMATY (TCA) — In the 1st quarter of 2016 investments in fixed assets in Kazakhstan amounted to 1.157 trillion tenge, an increase of 15.7 percent in comparison with the 1st quarter of last year, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on its website. Continue reading
