Kazakhstan to buy out export gold
Kazakhstan will replenish its gold reserves by means of buying out gold meant for export.
Gold production rising
Gold production output in Kazakhstan in January – July grew 48.3% as compared to the like period of 2010, the State Agency for Statistics reports.
Net gold and currency reserves grow
Net gold and currency reserves of the Kazakhstan’s National Bank grew by 31.44% from January to July, making up $36.3 billion as of the end of July.
PHOTO: Massimov attended Junior Boxing Championship in Astana
Prime-Minister of Kazakhstan took part in the ceremony of awarding the gold medal to Bekzhan Kibitkaliyev who won in 54kg category.
Gold production output in H1 2011 60% up
According to the State Agency for Statistics, gold production output in Kazakhstan in the H1 2011 grew by 60% as compared to the like period of 2010.
Aggregate gold and currency reserves of Kazakhstan 24.5% up since January
The figure made up $73.3 billion as of the end of June.
President Nazarbayev mulls state-owned gold refinery
In terms of gold production we have set a goal to produce 70 tons a year. We will be the 2nd after Russia in the post-soviet space: Nazarbayev.
Kazakhstan considers a 3rd gold refinery
The project could be implemented either solely by the state or in partnership with private investors: Vice Prime Minister and Minister of Industry and New Technology Asset Issekeshev.
Gold and currency reserves grew by 31% in January-April to $36.4 billion
In April, gold and currency reserves grew by 5.14%, with net currency reserves growing by 4.92% and gold reserves growing by 7%.
Kazakh company to pay $5 million to Kyrgyzstan
Summer Gold will pay $5.1 million to Kyrgyzstan for delays in construction of a gold plant. Kyrgyz government intentionally hindered construction, the company says.