Pakrut Gold Mining in Vahdat City
Location: Vahdat, West-Tajikistan
Sector: Mineral Exploration, Extraction and Processing
Source of funding: -
Total cost: USD 180 mln
Implementer (contractor/ operator): China Road and Bridge Corporation
Start (of construction): 2012
Planned completion: 2018
INVESTORS SUMMARY
Both the governments of China and Tajikistan invest in this project, although China contributes significantly more than Tajikistan.
DESCRIPTION OF THE PROJECT
By the end of 2018, the company plans to produce 207 kg of gold. With the full operation of the factory, gold production is expected to reach 1–1.5 tonnes per year. Since it started operating, the company has transferred 230 mln TJS to the country’s budget in the form of tax payments. The company is also actively engaging in the construction of road infrastructure, recreational facilities and power transmission lines. This factory will create new jobs for 2,000 people: 80% Tajik and 20% Chinese employees.
The Government of Tajikistan and Kryso Resources Ltd. Co.’s development of the Pakrut field began in 2012. Currently, China enjoys 100% ownership over the company. It is expected that after 2030, gold extraction in this field will be controlled by Tajik authorities.
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