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BISHKEK (TCA) — Looking at figures, it can be concluded that Kyrgyzstan’s largest gold mine and champion moneymaker Kumtor is bound to be depleted within not too many years and the annual gold production can be more or less kept up only with the opening of new deposits. Continue reading
ASTANA (TCA) — Polymetal is planning to become the second-largest gold producer in Kazakhstan with a total output of 13 tons of gold per year from its Varvarinskoye and Kyzyl mines by 2020, Novosti-Kazakhstan news agency reported citing Kanat Dosmukametov, Polymetal’s managing director in Kazakhstan. Continue reading
ASTANA (TCA) — Projected gold reserves in Kazakhstan are estimated at 9.5 thousand tons, the Chairman of the Committee of Geology and Subsoil Use of the Ministry of Investment and Development of Kazakhstan Bazarbai Nurabayev said during the 7th mining forum MINEX 2016 in Astana on April 20, the official website of the Prime Minister of Kazakhstan reported. Continue reading
ASTANA (TCA) — As part of Kazakhstan President Nursultan Nazarbayev’s visit to Tehran on April 11, companies from Kazakhstan and Iran signed more than 60 contracts totaling over $2 billion in the spheres of metallurgy, mining, agriculture, transport, and tourism, the Kazakh presidential press service said. Continue reading
ASTANA (TCA) — Polymetal International plc has entered into a binding agreement with Kazzinc LTD, a subsidiary of Glencore plc, for the acquisition of Orion Minerals LLP, the holding company for the Komarovskoye gold deposit in Kazakhstan, Polymetal said on April 4. Continue reading
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
