DUSHANBE, February 25, 2015, Asia-Plus — The Majlisi Namoyandagon (Tajikistan’s lower house of parliament) today ratified an agreement between the Government of Tajikistan and Tajik-Sino Mining Company on development of the Zarnisori Shimoli (Northern Zarnisor) deposit.
Speaking at the session, the first deputy head of the State Committee on Investment and State-owned Property (GosKomInvest), Lochin Fayzullozoda, noted that China allocates 200 million U.S. dollars for implementation of the project.
“Enterprises for processing ore and producing lead will be built that will create more than 2,000 new jobs in the area,” Tajik official noted.
According to him, the enterprises will process more than 2 million tons of ore and produce 20,000 tons of lead per year.
The Zarnisori Shimoli (Northern Zarnisor) deposit is located in the Mastchoh district, Sughd province.
China Global LTD purchased the Zarnisor (formerly Altyn-Topkan) mine by auction and the limited liability company, Tajik-Sino Mining Company, was established on the basis of the mine in 2006. The company with an authorized capital stock of 103.2 million somoni was registered with the Ministry of Justice on October 1, 2007. The company was granted licenses for development of the lead and zinc deposits Zarnisor and Pay-Buloq.
