Tajik-Sino Mining Company to develop lead and zinc deposits
By Aynur Jafarova
Tajikistan's State Committee on Investment and State-owned Property Management (GosKomInvest) and Tajik-Sino Mining Company have signed an agreement on the development of the lead and zinc deposit in Tajikistan's Sughd Province.
Under this agreement signed in Dushanbe, Tajik-Sino Mining Company will invest $200 million in the development of the Zarnisori Shimoli (Northern Zarnishor) deposit located in the Mastchoh district, within the next four years.
The company reportedly commits itself to build a polymetal-processing enterprise with a processing capacity of 2 million tons of ore a year and a metallurgical plant with a processing capacity of 20,000 tons of lead a year.
China Global LTD purchased the Altyn-Topkan mine by auction and the limited liability company, Tajik-Sino Mining Company, was established on the basis of the mine in 2006. The company with an authorized capital stock of 103.2 million somoni was registered at the Ministry of Justice on October 1, 2007.
Tajik-Sino Mining Company is located in the settlement of Zarnishor. The enterprise was granted licenses for the development of the Altyn-Topkan and Pay-Buloq lead and zinc deposits.
According to an agreement signed between the Tajik Ministry of Energy and Industries and China Global LTD, the Chinese company has invested $30 million in the construction of an ore-dressing plant and the development of Pay-Buloq and Altyn-Topkan deposits in 2007-2010. The first line of the ore-dressing plant was put into operation in June 2009.
Over the first six months of this year, Tajik-Sino Mining Company has mined 650,000 tons of ore.
The company has produced 23,600 tons of lead concentrate, 39,500 tons of zinc concentrate and 2,200 tons of copper concentrate.