Coffee-Breaks Sposnor
Full Gold Mining was created within the framework of the intergovernmental agreement "Resources in lieu of investments", signed between the Governments of the Kyrgyz Republic and the People's Republic of China. The main founder of the company is Lingbao Huangqing Joint Stock Limited Liability Company.
In 2008, a Cooperation Agreement was signed between the Chinese Development Bank, Lingbao Huangqing , China Road Corporation of China, Lingxi Investment Company, Full Gold Mining, the Ministry of Transport of the Kyrgyz Republic, the State Geology Agency, according to which Full Gold LLC Mining" is granted the right to develop the Ishtamberdi deposit. Currently, the company's founders are three founders: Lingbao Huangqing - 82%, China Road Corporation of China - 10%, Lingxi Investment Company - 8%.
Reserves
At the end of 2023, Full Gold Mining has five development licenses, with a total licensed area of 4,707 square meters. meters. The deposit's reserves are 25.03 tons, the average gold content in the ore is 7.76 g/t. Of these, the Western site, development license 1315 AE, reserves 16.63 tons, average gold content in ore is 7.17 g/t. And the Eastern site, development license 3110 AE, reserves 6.92 tons, average gold content in ore is 10.33 g/t. The total reserve for the remaining three licenses is 1.48 tons, with an average ore grade of 6.26 g/t gold.
Investments and taxes
At the end of 2022, Full Gold Mining invested a total of 14.7 billion soms (approximately 210 million US dollars) for the construction and development of the deposit; the value of the company’s assets is 7.8 billion soms (approximately 110 million US dollars). Taxes and social payments in the amount of more than 3.3 were paid to the budget. billion soms, and more than 73 million soms were allocated as sponsorship assistance.
The company began construction of mine workings in 2008, and in May 2009 began construction of a processing plant with a capacity of 1,500 tons per day, passed state acceptance on August 15, 2011, with the participation of 14 competent government agencies, and was put into operation.
Currently, the company, depending on the type of ore, uses two technologies for gold extraction: flotation and leaching. The oxidized ore is applied to the leaching method, resulting in the product: Dore Alloy. This product is refined at the Kyrgyzaltyn Refinery and sold to the National Bank of the Kyrgyz Republic. The primary ore is applied to the flotation method, resulting in a flotation concentrate, which is exported to China.
Currently, the company employs 831 people, of which 72 are foreigners, and 759 are citizens of the Kyrgyz Republic.