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Russian President Vladimir Putin has taken part in the opening ceremony of a gold processing plant at the Jerooy mine in northwestern Kyrgyzstan. The project was developed by Russia’s Alliance Group in cooperation with VTB bank.
“The Talassky mining complex is one of the largest joint projects that has been successfully implemented,” Putin said via video link, describing the project as vital for relations between the neighboring states.
According to the president, the project in the Central Asian country will see “record volumes” of investment totaling $600 million.
“The latest technologies and equipment deployed in the project comply with environmental regulation,” Putin said. “This will enable the enterprise to produce up to five tons of gold per year efficiently, without harm to the environment.”
The former Soviet republic has been trying to develop its second-largest gold deposit since the 1990s. Cooperation with American, Canadian, British and Austrian investors failed to materialize.
Russian companies won the contract back in 2015. By launching the construction of the refinery, Alliance Group accelerated the development of the Jerooy mining project, which reportedly holds around 90 tons of gold and 25 tons of silver.
The refining plant was expected to start operating last year, but was attacked during unrest preceding the emergence of current president Sadyr Japarov. The attack reportedly caused more than $10 million in losses for the Russian firms.
Russian President Vladimir Putin has taken part in the opening ceremony of a gold processing plant at the Jerooy mine in northwestern Kyrgyzstan. The project was developed by Russia’s Alliance Group in cooperation with VTB bank. Read Full Article at RT.com Read More
Anarchy, American-Style The Left runs Oceania, and we work for their various bureaus. The 1960s revolution was both anarchic and nihilist. But it was waged against—not from—the establishment. Hippies and the Left either attacked institutions or, in Timothy Leary fashion, chose to “turn on, tune in, drop out” from them. The current revolution is much different—and far […]
Shaban Syed Contrary to reports in western media, the US instigated war in Ukraine is failing, despite billions of dollars of weapons, funds and mercenaries sent by NATO to “weaken” Russia. While these reports continually reiterate how the world condemns Russia for its military actions in Ukraine, they omit the fact that by “world” they […]
In all the hysteria over the latest strain of the Coronavirus virus, the frenzied ideological (and essentially authoritarian and anti-constitutional) activities of the House January 6 “Investigatory” Committee, and the frenetic lead up to this recent Christmas, one significant anniversary was missed, or rather ignored, by our media, including the so-called “conservative” media: the birth […]