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Tajikistan discovers two large gold deposits

(Agence France-Presse)
Updated: 2011-01-13 09:21
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Tajikistan announced on Wednesday its geologists had discovered two massive gold deposits as the impoverished Central Asian nation seeks investments for its gold mining industry.

"Prospecting works have gone on for four years and today we can confirm with certainty the fact of new deposits and an increase in gold reserves," Tajikistan's chief geologist Azim Ibrokhim told reporters.

He said the two deposits were estimated to contain 177 tons of gold – the first deposit discovered in central Tajikistan is estimated to contain 118 tons of the precious metal, while the other field in the country's north is believed to have 59 tons of gold, said Ibrokhim.

With the help of foreign investors including China's Zijin Mining, Tajikistan produces up to 1.3-1.5 tons of gold annually and is looking for new investors to help mine gold and silver.

A major gold producer under the Soviets, the majority-Muslim country bordering war-ravaged Afghanistan is heavily dependent on aluminium and cotton industries as well as remittances from migrant laborers abroad.

 

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