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Charaat Gold gets cash boost to develop its Kyrgyz Republic projects

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.

 
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