21.2 C
Belgrade
Supported byspot_img
spot_img

Tajikistan’s Talco forms $200m mining JV with Chinese firm

Member of Europium Groupspot_img
Supported byspot_img

Tajikistan’s state-owned aluminium smelter Talco has reportedly launched a $200m joint venture with Chinese firm Tibet Huayu Mining to explore for gold and antimony in Tajikistan.

On 24 June, the partners conducted a ground-breaking ceremony for a mine that is anticipated to be operational from 2020, according to AFP and the Tajik presidential press service.

Through the JV Talco Gold, which will be the operator of the mine, Talco and Huayu expect to produce 1.5t of gold per annum and 16,000t of antimony.

Supported by

The press service noted that the mine is estimated to have total deposits of around 50t of gold and 265,000t of antimony.

The latest deal builds on China’s acquisition of rights to several mineral concessions in Tajikistan in recent years.

Earlier this year, Tajikistan awarded the rights to operate the Upper Kumargh gold mine in the country’s northern Sugd region to China’s TBEA.

The mine was awarded in exchange for TBEA’s construction of a power plant in Dushanbe, according to media reports.

Export-Import Bank of China is a chief facilitator of much of the Chinese investment in Tajikistan, reported AFP.

Established in 2002, Tibet Huayu Mining is focused on the development, processing, and sale of non-ferrous metals such as lead, zinc and copper.

With an asset base worth CNY1bn ($153.72m), the company is also engaged in a survey of solid mineral resources.

Source: mining-technology

Supported byElevatePR Digital

Related News

Lithium from Lopare to be supplied to “Mercedes”

The Swiss joint-stock company ARCORE AG, which has identified significant quantities of lithium carbonate, magnesium, potassium, and boron through exploration in the Lopare municipality,...

International Graphite Ltd advances key projects in Western Australia with Springdale drilling and Collie processing

International Graphite Ltd is making significant strides in advancing its graphite processing operations in Western Australia. The company is currently conducting a 10-hole diamond...

Uzbekistan’s bold move: Ambitious push to lead global rare earth mining

Uzbekistan's President Shavkat Mirziyoyev has underscored the importance of developing the country's rare-earth mining sector, positioning it as a top priority for his administration...

Breakthrough discovery: Europe’s largest rare earth deposit found in Norway

Rare earth elements (REEs) are a group of 17 chemical elements comprising Scandium, Yttrium and the 15 lanthanides, including notable elements such as Neodymium,...
Supported by
Supported by
Supported by
error: Content is protected !!