| Location: | Jalal-Abad Oblast |
| Sector: | Mineral and petroleum exploration, extraction and processing |
| Total cost: | $ 112.35 mln |
| Chinese partner: | Full Gold Mining LLC |
| Kyrgyzstani partner: |
Kyrgyz Government |
| Construction start: | 2008 |
| Putting into commission: | 2016 |
Full Gold Mining LLC was founded by the Chinese company Lingbao Gold, which is a state-owned gold mining enterprise in Lingbao, Henan, China. It mainly engaged in the mining, smelting and refining of gold, silver, copper products and sulphuric acid. It has 49 mining and exploration rights in Henan, Xinjiang, Jiangxi, Inner Mongolia and Gansu.
At present, Full Gold Mining LLC is the executor of China and Kyrgyzstan Governments’ joint project “Resources in exchange for investment”. According to the project the China Development Bank finances rehabilitation of 50 km Osh – Sarytash – Irkeshtam road section from 190 to 240 km. In exchange they acquire Ishtamberdi gold deposit for development. So far Full Gold Mining invested more than 112 million dollars in the economy of Kyrgyzstan.[1]
In 2011 Kyrgyzstan commissioned its second foreign-run gold ore deposit in Jalal-Abad oblast.[2] However the launch of the processing plant has been waiting for more than 5 years. There were several reasons for the delay.[3] Initially it was planned in 2011, but was postponed to 2012. As a result it worked only for a month in 2012, and was suspended at the request of the State Inspectorate for Technical and Environmental Safety, this also entailed the suspension of the license issued by the State Geological Agency. Within the next 3 years, Full Gold Mining exported the concentrate to China and modernized the concentrator, paying a fee for retaining the license to process gold. In 2016, the first gold alloy was produced. The National Bank will be the major consumer of the final products.[4]
According to the chief engineer of Full Gold Mining LLC, the company plans to develop the field for 10 years. At least 90 percent of the employees of the LLC are local residents, engineers and technicians came from all regions of the country. [5]
On January 5, 2018, 400 miners were fired after they refused to accept amendments to their labor contracts, which included lowering their salaries.[6] According to the Vice President of Full Gold Mining, such a decision has been made because of the financial issues the company has been experiencing since its establishment.[7]
https://www.minexforum.com/en/chinese-gold-mining-company-fired-370-kyrgyz-workers/
https://24.kg/english/87659_Ala-Buka_residents_oppose_development_of_Ishtamberdy_field/