News / IBC Members' news /
Altyn Alliance reports on Jerooy project

December 13, 2019

The implementation of the Jerooy project was discussed at a roundtable in Bishkek on December 12, 2019.

The meeting was attended by the leaders of Alliance Altyn LLC and representatives of Russian Platinum, the Government of the Kyrgyz Republic, government agencies, local authorities and the expert community.

Alliance Altyn General Director Mikhail Shubin announced the results of the company’s activities this year. From the beginning of mining, 5 thousand tons of ore have already been extracted and sent to the warehouse; quarry capacity is 5 million cubic meters of rock mass.

Construction and installation works at the gold recovery plant will be completed by the New Year, and then commissioning will begin. The first gold is planned to be received by the end of March 2020.

According to the approved technical project, the capacity of the mill is 1.3 million tons of ore per year. However, the mill is being built with a margin of productivity of at least 15%. This provides the opportunity to engage in the development of off-balance reserves.

The company made feasibility studies for the parallel development of reserves by quarries and adits, and developed a feasibility study, which was audited by the SRK international company. In 2020, it is planned to conduct additional geophysical studies of the stability of the sides. If the conclusion is positive, Alliance Altyn will begin construction of an underground mine in one and a half to two years.

The meeting participants paid much attention to the environmental issues. Thanks to the use of advanced technologies, ore and liquid used in processing are almost excluded from entering the soil and water. At the gold processing plant, modern INCO-neutralization process and semi-dry tailing are applied.

The meeting participants also discussed social issues. Talas residents learn from projects implemented by the Bakubat Talas Foundation funded by Alliance Altyn, including the realization of opportunities provided by the state through public-private partnerships.

According to Shubin, under the Bakubat Talas Foundation, the company discusses lending issues with Talas Governor Marat Murataliev and akim Zamirbek Sydykov. The Foundation’s loan portfolio will be replenished annually by 90 million soms, and there is a need to use it correctly.

Each rural government is implementing at least two development projects.