Bank Of Baku

Gold plant to be established in Kazakhstan

Gold plant to be established in Kazakhstan
# 05 July 2011 08:38 (UTC +04:00)
Baku – APA-Economics. A single gold production plant will be constructed in Kazakhstan and all companies engaging in extraction will deliver all materials to this plant, Kazakh President Nursultan Nazarbayev stated.

According to him, a special law must be adopted for regulation of gold producing companies’ operation: “This law will support to increase the production and quality of the production”.

At present, 40 tons of gold are produced pey year in Kazakhstan. The government intends to reach the index 70 tons. Gold reserves are estimated at about 800 tons.
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