10 geological companies may lose their licenses for developing mineral resources

DUSHANBE, July 16, Asia-Plus — Ten Tajikistan’s leading companies dealing with exploration and development of mineral resources in the county may lose their licenses, Azim Ibrohimov, the head f Tajikistan’s Main Geology Directorate, remarked at a briefing in Dushanbe on July 16.

According to him, the directorate may revoke their licenses because of violations in their financial accounting.  “These ten companies have not yet submitted reports on their activities to the Main Geology Directorate,” Ibrohimov said.  

He noted that those companies include joint venture Aprelevka, limited liability companies Nasimi Iskandar, Khoja Moumin, Zarrink, Crystal, Vostokredmet, Saloca and Sangalt, as well as Petroleum-Sughd.  

“We have prepared an official letter to the government on revoking their licenses,” the main geology directorate head said.  

He noted that the main geology directorate is successfully implementing the geology development program designed for 2007-2015, which was endorsed by the government in December 2006, and over the first six months of this year, it has spent 618,496 somonis earmarked by the national budget for 32 projects for the same six-month period.   

Ibrohimov further added that 18 investment projects aimed at developing and processing mineral resources have been launched in the country this year.  “Some $150,000 are expected to have been invested in nine of these projects by local companies and enterprises, and more than $18 million, with more than $13 million from Russia’s Gazprom, are supposed to have been invested in another nine projects by foreign companies by the end of this year,” the geology directorate head said.  

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