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Assets of the National Fund alone as of the end of August stood at $40.35 billion, 30.25% up from the start of the year.
Kazakhstan National Bank issued Al-Farabi golden coin and Aldar Kosse silver coin.
Kazakhstan will replenish its gold reserves by means of buying out gold meant for export.
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 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.
Prime-Minister of Kazakhstan took part in the ceremony of awarding the gold medal to Bekzhan Kibitkaliyev who won in 54kg category.
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.
The figure made up $73.3 billion as of the end of June.
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.
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.
In April, gold and currency reserves grew by 5.14%, with net currency reserves growing by 4.92% and gold reserves growing by 7%.
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.
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