Chinese company is expected to start developing the Kumarghi Bolo (Upper Kumargh) gold deposit in the Ayni district this year. The estimated reserves of the Kumarghi Bolo and Duoba gold deposits reportedly amount to 51.7 tons.
China-based TBEA Dushangbie (Dushanbe) Co., Ltd will begin developing the Kumarghi Bolo (Upper Kumargh) gold deposit located in the Ayni district, Sughd province this year, according to the Ministry of Industry and New Technologies (MoINT).
TBEA Dushangbie (Dushanbe) Co., Ltd was granted licenses for development of the Kumarghi Bolo and Duoba gold deposits in the Ayni district at the beginning of the last year.
According to data received in the Soviet era, one ton of the deposits’ ore contains more than 2 grams of gold.
A total area of both gold deposits is 15.4 square kilometers and the estimated reserves of the Kumarghi Bolo and Duoba gold deposits reportedly amount to 51.7 tons.
Recall, the licenses have been offered to TBEA in exchange for construction of a new combined heat and power (CHP) plant in Dushanbe. Under the reached agreements, TBEA has the right to develop the deposits until it recovers expenses made on construction of the Dushanbe-2 CHP plant. After that, new agreements on development of these deposits will be concluded with the company under other conditions.
In April last year, TBEA top manager Zhang Xin said in an interview with China’s media that according to data provided by the Tajik government, the mineral resources (gold deposits) can cover the company expenses on construction of the Dushanbe-2 CHP plant. He noted that the Tajik government had agreed to give TBEA the rights to further mining deposits (the location was not identified) if the profit made from the gold deposits doesn’t cover the cost of building the Dushanbe-2 CHP plant. At the same time, Mr. Zhang noted that the deposits given to TBEA have large gold reserves, and if all resources are implemented completely they will bring large economic profit to the company.
A total cost of the Dushanbe-2 CHP plant constructed by TBEA is 349 million U.S. dollars, including a US$17.4 million contribution of the Tajik Government.
Xinjiang Tebian Electric Apparatus Stock Co. Ltd (TBEA) is one of the largest electrical manufacturing groups in China and the first floated stock company in Chinese A Shore Market in transmission industry of China after merging the former Hengyang Transformer Works (a large-size stated company founded in 1958 and located in Hunan province, China), and well-known for manufacturing all kinds of high voltage power transmission, transformation and distribution equipment. Under the administration of TBEA, there are 10 large backbone factories, 5 research institutes, 6 business entities and 8 participated enterprises.
