Tajik-Chinese Joint Venture (JV) Zarafshon
Location: Djilali, Tajikistan
Sector: Agriculture
Source of funding: USD 277 mln - Zijin Mining Group Ltd
Total cost: USD 277 mln (Although according to some sources USD 305.1 mln
Implementer (contractor/ operator): No information available
Start (of construction): 2007
Planned completion: 2015
INVESTORS SUMMARY
Zijin Mining Group Ltd ("Zijin" or "the Group") is a large mining group mainly engaged in the exploration and mining of gold, copper, zinc and other mineral resources, dual listed in Hong Kong Stock Exchange (H shares, code: 2899) and Shanghai Stock Exchange (A shares, code: 601899). The main business-gold, copper and zinc metal resource reserves and mineral production have entered the top three in the domestic mining industry, with asset scale and sales revenue exceeding RMB 100 billion yuan. As one of the most profitable and competitive large mining companies in Chinese mining industry with the largest control of metal mineral resources, Zijin ranked the 947th place in the Forbes Global 2000 in 2018 and the 14th place among the global non-ferrous mining enterprises, the 2nd place among the world’s public gold miners, and the 82th place in the Fortune China 500 in 2018. Zijin's main existing projects are distributed in 18 provinces and 11 overseas countries. In 2007, the company bought Tajikistan’s gold exploration and mining rights over a 300.000 hectare area near the town of Penjikent in the Central Asian country.
DESCRIPTION OF THE PROJECT
The Jilau deposit operated by Tajik–Chinese joint venture Zarafshon reportedly accounts for more than 70% of the total amount of gold produced in Tajikistan. Funds are mainly used for new equipment, support and modern technology and production. The factory was established in 1994.
A joint venture that is 70% (17 mln USD) owned by China’s state-owned Zijin Mining and 30% (7.3 mln USD) owned by the Tajik government runs two gold mines in Tajikistan that have created more than 2,000 jobs.
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