Tajikistan to withdraw mining licenses from Singapore firm
The Tajik government may withdraw two mining licenses from Singapore's company Marvis, CA-News reported referring to the chairman of Head Administration of Geology under Tajikistan's government Azim Ibrohim.
"The company has not fulfilled its obligations with regard to implementation of the projects, what might be caused by the company's financial difficulties," Ibrohim said.
He underlined that the administration offered the company to prepare the project on mining. However, the offer was left unanswered.
Ibrohim said that under the contract, Marvis was obliged to develop the bottom of the natural gas field Kyzyl Tumshuk in South Tajikistan, which has huge gas resources according to Tajikistan. The company also has a license for developing another field Guldara in the south of the country.
Ibrohim said that all the documents on withdrawal of the licenses have been submitted to the court.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!