The Cabinet approved the agreement with Silvercorp Metals for the Chaarat gold ore deposit: $550 million in investments and $70 million in direct budget payments (text of the agreement)
The signing of this agreement will be carried out on behalf of the Cabinet by the head of the National Investment Agency, Ravshanbek Sabirov. On behalf of Silvercorp Metals, the document will be signed by the company's director, Rui Feng.
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Canadian company Silvercorp Metals Inc. will acquire a 70% license for gold mining projects from Chaarat Gold Holdings Ltd. for $162 million.
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Silvercorp acquired 70 percent of the shares in the "Tulkubash" and "Kyzylbash" projects in the Kyrgyz Republic.
The Canadian company Silvercorp Metals Inc. announced the signing of an agreement with Chaarat Gold...