According to the National Bank, the pre-emptive right to purchase all gold produced within Kazakhstan enabled to purchase 5.3 tons of gold, with another 11.8 tons purchased in the H1 2012.
The South American country of Guyana said Friday it had suspended the granting of new permits to mine for gold and diamonds in rivers because of concerns over widespread pollution.
When commenting on the reasons behind the Bank’s decision to exercise its preemptive right to purchase Kazakhstan-produced gold, Mr. Marchenko pointed to lack of transparency in gold exports following the liberalization of the national market of precious metals.