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Mongolia and Kazakhstan to jointly build gold and silver refining plant

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Eight cooperation agreements and memorandums worth about USD 200 million were signed during the Mongolia-Kazakhstan Business Forum.

Mongolia and Kazakhstan established an agreement on building and commissioning a gold and silver refining plant during a Mongolia-Kazakhstan Business Forum held on October 11 in Nur-Sultan, Kazakhstan. The Kazakhstan side will introduce its technology of gold and silver refining into Mongolia free of charge. The patent costs USD 30 million.

Minister of Mining and Heavy Industry D.Sumiyabazar said “The Kazakhstan side will render support on technology and human resource to build and operate the plant.

~Mongolia and Kazakhstan to jointly build gold and silver refining plant~

In connection with commissioning the plant, we are preparing to submit a draft law on Precious Stones and Metals. By adopting the law, conditions will be created for not only processing gold and silver at home but also promoting jewelry manufacturing.”

The gold and silver refining plant will be erected with USD 81.7 million and will process seven to eight types of other elements besides refining 25 tons of gold and 50 tons of silver a year.

Eight cooperation agreements and memorandums worth about USD 200 million were signed during the Mongolia-Kazakhstan Business Forum.