Uzbekistan expects an increase in gold reserves in the country in 2020-2024 by 474 tons and uranium by 32,000 tons. In monetary terms, this is equivalent to $ 18.7 billion.
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The company paid $100 million in cash for the deposit.
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Azerbaijan's state oil fund SOFAZ has no plans to increase the volume of its gold reserves in 2016, regardless a rise in prices of the precious metal, source in the Fund told Trend.
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Recent explorations have led to identification of new reserves of gold at Iran’s Zarshouran gold mine, Mohammad Reza Ahmadi, manager of Zarshouran Gold Complex, said.
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The National Bank of Kazakhstan increased investments in gold in USD terms in May 2016. The volume of investments reached the level of $9.13 billion as compared to $7.79 billion in the same period of the last year, finprom.kz reports
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Kazakhstan's gold and currency reserves including gross reserves of the National Bank and the National Fund's assets slightly decreased to $90.64 billion in January 2016, said the statement of the Kazakh National Bank Feb. 9.
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Azerbaijan’s state oil fund SOFAZ has no plans to increase its gold reserves in 2016, a source in the Fund told Trend.
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Kyrgyzstan's international reserves grew as compared to the beginning of the year to $1. 885 billion, according to the Kyrgyzstan National Bank.
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Kyrgyzstan's gold and currency reserves dropped to $1.8 billion. It has sold $160 million worth of the metal this year, and bought $31 million over the past month, said Tolkunbek Abdygulov, chairman of the National Bank.
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