| Location: | Chui Oblast |
| Sector: | Mineral and petroleum exploration, extraction and processing |
| Total cost: | $ 200 mln |
| Chinese partner: | Zijin Mining Group Co. Ltd.
|
| Kyrgyzstani partner: |
OJSC Altynken |
| Construction start: | 2011 |
| Putting into commission: | 2016 |
OJSC Altynken is 40% owned by Kyrgyzaltyn (100% owned by the Government of Kyrgyzstan) and 60% by the Chinese company Superb Pacific Limited, a subsidiary of Zijin Mining, which is the largest mineral developer in China. Altynken is the biggest domestic company of the Kyrgyz Republic, specializing in the development of gold deposits. Currently, together with the joint venture partners, it is producing more than 97% of Kyrgyzstan's gold. Gold mining accounts for about 10% GDP of the Republic, 40% of industrial production and 60% of exports. The Kyrgyz Republic is ranked the third among CIS countries on gold production.
Taldybulak Levoberezhny is the third largest gold mine in Kyrgyzstan, and also one of the biggest investment programs by Chinese enterprises in the country. The gold mine's designed capacity is 3.7 ton of gold per annum with an annual output value of USD 150 million and an annual tax contribution of USD 24 million.[1]
The field, discovered by Soviet geologists, lies in the Taldy-Bulak Gorge in the Tien Shan mountains some 120 km (75 miles) east of the capital Bishkek and holds an estimated 65 tonnes of gold. Continued exploration is expected to add up to 20 tonnes to the reserves, Kyrgyz geologists say.[2]
In 2016, 2.7 tonnes of gold were produced, and 2.017 tonnes were produced in 2017. In 2018, it produced 104,072 ounces of gold, achieved revenue of 903 million yuan, and a total profit of 158 million yuan.[3]
The company employs about 1,000 people, 96% of whom are local residents and 4% are Chinese specialists.
https://www.timesca.com/index.php/news/7741-fight-halts-altynken-production