DUSHANBE, January 21, 2013, Asia-Plus – China Global New Technology Imp. & Exp. Co., LTD plans to invest some 500 million USD in construction of a metallurgical works in northern Tajikistan, according to the State Committee for Investments and State-owned Property Management (GosKomInvest).
The GosKomInvest press center reports the issue was discussed at a meeting of the GosKomInvest head Davlatali Saidov with senior representatives of the Chinese company that took place here at the end of last week.
Chinese entrepreneurs reportedly noted that the company headquarters in Shanghai had already considered and approved the plan to build the plant in Tajikistan that would produce metallurgical products and sulfate acid.
China Global New Technology Imp. & Exp. Co., LTD is the main investor in Tajik-Chinese joint venture, The Tajik-Chinese Mining Company that was launched in 2007. In December 2007, the company began construction of the ore-dressing plant, Zarnisor, with an annual capacity of one million tons in the Mastchoh district. To-date, China Global New Technology Imp. & Exp. Co., LTD has reportedly invested 150 million USD in this plant.
We will recall that Mr. Xian Ji Yuan, Vice President China Global New Technology Imp. & Exp. Co., met with Tajik Minister of Energy and Industries, here on January 16.
The sides reportedly discussed construction of the second technological line that will increase the ore-dressing plant’s annual capacity to 2 million tons.
They also considered issues related to construction of metallurgical workshop in the city of Istiqlol (formerly Taboshar) and ways to increase the enterprise’s export potential.
Last year, the enterprise reportedly produced more than 23,400 tons of lead powder and more than 37,300 tons of zinc powder for a total amount of 320.9 million somoni.
