China launches $200mn mining venture with largest Tajik smelter

Dushanbe

China and Tajikistan embarked on a new $200 million gold and antimony mining venture Sunday, the Tajik presidential press service said. On Sunday a groundbreaking ceremony was held for a mine that is expected to produce its first gold and antimony in 2020. The venture between Tajikistan’s state-owned aluminium smelter Talco and Chinese company Tibet Huayu Mining Co., Ltd is expected to produce 1.5 tons of gold annually and 16,000 tons of antimony. China has acquired rights to a number of mineral concessions in Tajikistan in recent years, some in exchange for Chinese loans and investment in other areas of the economy.—AFP

 

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