REGNUM reported that Kentor Gold will invest USD 96 million into Kyrgyzstan Andash deposit development and another USD 200 million will be paid for the mine maintenance.

More than USD 27 million has been invested into Andash deposit since the license receipt in 2005 including about USD 582,000 as the payments to the national budget. However the mine has not been open yet and the dressing plant has not been built due to the local citizen reluctance.

There are 49 gold deposits registered in Kyrgyzstan with total gold volume of 388 tons or more. At 25 deposits of vein gold 382 tonnes are already confirmed. The deposits of placer gold contain about 5.9 tonnes. Total cost of Kyrgyzstan gold deposits is USD 16.5 billion.

(Sourced from REGNUM)