trending Market Intelligence /marketintelligence/en/news-insights/trending/neH1llJgV3BPtNGPu6hCvQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Chaarat Gold agrees on JV, funding with Turkish contractor for Kyrgyz project

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Chaarat Gold agrees on JV, funding with Turkish contractor for Kyrgyz project

Chaarat Gold Holdings Ltd. said March 18 that it struck a joint venture with Turkish mining contractor Ciftay Insaat Taahhut ve Ticaret A.S. to collaborate on both ore bodies of its flagship gold project, Chaarat, in northwestern Kyrgyzstan.

Ciftay will be appointed the construction and long-term mining contractor for the Tulkubash zone. It sent equipment to the site in 2018 and built a temporary construction camp over the winter.

On the basis of a US$252 million valuation of both projects, Ciftay will progressively invest US$31.5 million in return for a 12.5% equity stake in Tulkubash and Kyzyltash, Chaarat said.

Total capital expenditure for the project is expected at between US$120 million and US$130 million, the vast majority of which, after Ciftay's contribution, will be debt funded.

London-listed Chaarat is securing the remaining project financing, which is targeted to close in the third quarter.

First gold remains on schedule for 2021, according to the release.

Chaarat is set to publish an updated feasibility study for Tulkubash in the second quarter.

The company reported a 15% increase in Tulkubash's gold resources at the start of the year, taking measured and indicated resources to 42 million tonnes grading 1.2 g/t on average, classified mostly as indicated.