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Charaat Gold gets cash boost to develop its Kyrgyz Republic projects

Published: 16:13 25 Mar 2019 GMT

Artem Volynets, chief executive of Chaarat Gold Holdings Limited (LON:CGH), discusses with Proactive London's Andrew Scott their recent joint venture with Turkish mining specialist Ciftay.

The deal will see Chaarat receive a cash boost of US$31.5mln to develop the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.

Ciftay will pay the cash in increments and become the mining and construction contractor at Tulkubash with a 12.5% stake in both that project and Kyzyltash.

Chaarat Gold makes strong progress with Tulkubash open-pit project in the...

Chaarat Gold Holdings Ltd (AIM:CGH) chief financial officer David Mackenzie joined Proactive's Stephen Gunnion with an overview of the company's operations in the Kyrgyz Republic, where it is advancing two significant projects on the same license: Tulkubash and Kyzyltash. Tulkubash, an...

on 23/1/24