About us
On December 20, 2021, a simple partnership agreement was concluded between Kyrgyzaltyn and Avelum Partner LLC. The agreement provides for cooperation on the comprehensive development of the Altyntor site of the Solton-Sary deposit with the processing of man-made formations (existing tailings and mountain dumps). At the same time, the share of Kyrgyzaltyn in the new partnership is determined at 17 percent, and the company Avelum Partner - 83 percent.
Management
Eraliev Timur Toktobaevich - General Director
Zinnatul Ahsan - Executive Director
Moldobekov Uluk Moldobekovich - Deputy General Director for Production
Usenbekov Ernis Dokturbaevich - Deputy General Director for Technical Issues and Public Relations
Ormoshev Salavat Mamatalievich - Deputy General Director for Finance
Nogoev Temirlan Amanturovich - Deputy General Director for Security
Bozgorpoev Zhalil Battalovich - Head of the Department of Organizational and Execution Work
Commitments
As part of the Agreement, the Avelum Partner LLC, in its capacity as the project investor, has committed to provide full funding for the project, including the following:
- modernize the concentrator plant;
- construct a new tailings disposal area;
- develop the site infrastructure;
- performance of stripping work;
- construct a tailings processing line;
- Social support to the local community in the form of a voluntary payment of 20,000,000 soms irrespective of the products sold, not including 2% non-tax deductions to the local budget.
Investment
The Agreement provides for a step-by-step funding of the project operations.
To date, the size of expenditures, as envisaged by the investment plan, has made up US$4,608,615.
The taxes and deductions as paid by the LLC Avelum Partner in the 8 months of Year 2022 have amounted to a total of KgS22,473,8079.30.
