The situation was spotlighted in mid-2015 when several miners died from an incident at JSC Kazakhaltyn's Bestobe
Kommersant reports today that Kazakh authorities have seized accounts and property belonging to KazakhGold's KazakhAltyn subsidiary, which holds its entire production assets in Kazakhstan, including licenses for the Aksu, Bestobe
, and Zholymbet gold deposits.
As a temporary economic measure, management has decided to stockpile concentrates at its still producing Bestobe
operation until the CIP plant is operational.
In a related move, the Company has increased operations at the Company's Bestobe
Mine from five to seven days per week and an emphasis has been placed on production from high-grade free milling gold veins (gravity concentrate).
These mines - Aksu, Bestobe
and Zholymbet - were placed back into production earlier this summer and, as of October 31, were operating at approximately 60 percent of planned capacity.
Central Asia Goldfields Corporation (CAGC) Toronto, is pleased to announce that its 50 percent owned subsidiary 1173458 Ontario Limited (to be renamed Kazakstan Goldfields Corporation (KGC)) is two months ahead of schedule in its plans to re-open the three mines - Aksu, Bestobe
and Zholymbet - situated in the Stepnogorsk district of north central Kazakstan.
A) Central Asia Goldfields Corporation, a major gold explorer and mine manager in Kazakstan, with exploration licenses covering over 11,000,000 acres, announces that the Bestobe
mine has been recommissioned and is scheduled to achieve its operating capacity of 750 tonnes/day by late summer.
Variable 1 BESgdp The whole expenditure of enterprise sector on the R&D activities (% of GDP) 2 BESshr The financial contribution of enterprise sector to the whole expenditure on R&D activities of the country (%) 3 BEStoBES The contribution of enterprise sector to the own R&D activities (% of GDP) 4 empBES The share of enterprise sector R&D staff in the whole amount of employees (% calculated on the base of full time employment data) 5 RDin The share of enterprises developing internal R&D activities (% of whole innovative enterprises) 6 RDex The share of enterprises outsourcing the R&D activities (% of whole innovative enterprises) Source: compiled by the authors.