“Russian Platinum” established “Alliance Altyn” for the Jerui gold deposit
Edited by Rhod Mackenzie / 2015-06-11 06:07:06
“Vostok-geoldobycha” (a part of “Russian Platinum”) has registered “Aliance Altyn” Ltd. in Kirgizia for the development of a gold field Jerui, they stated in “Russian Platinum” to the PRIME Agency.
“Alliance Altyn” was registered by the Ministry of Justice on June 2,” a companion of the agency said.
“Vostok geoldobycha” assesses the investment into the development of Jerui at $287.3 million. The company is about to start construction in Q2, 2016 and reach the designated capacity in late 2017-eraly 2018. As early as in 2018, GOK maps out to produce 139 thousand ounces (4.3 tons) of gold. The production volume will make up around 90 thousand ounces (2.8 tons) a year in 2023-2031.
