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Gold production output in H1 2011 60% up

14 july 2011, 17:05
0
REUTERS/Petr Josek Snr©
REUTERS/Petr Josek Snr©
Gold production output in Kazakhstan in the H1 2011 grew by 60% as compared to the like period of 2010, the State Agency for Statistics announced July 14.

According to the Agency, the H1 2011 figure made up 8.4 tons of refined gold.

For the period under review, raw gold and semi-processed gold production totaled 18.8 tons, 57.9% against the same period of 2010.

In 2010 annual production of raw gold and semi-processed gold stood at 29.9 tons, with 13.3 tons being refined gold. The Kazakhstan’s Ministry of Industry and New technology seeks to bring gold production up to 70 tons a year.

July 4 President nazarbayev announced that Kazakhstan needs a state-owned gold refinery.

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