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Joint venture to be created at Makmal in 2018

«We are preparing in 2018 to create a joint venture at Makmal,» Almaz Alimbekov, Chairman of the Board of Kyrgyzaltyn OJSC, said at a meeting of the Committee on Fuel and Energy Complex and Subsoil Use of the Parliament.

According to him, now the deposit is unprofitable because of old equipment, technologies and depletion of raw materials base and associated high production costs. Since last year Kyrgyzaltyn has been negotiating with a potential investor.

«We hope that we will soon resolve the issue with Makmal. There are already investors who are interested in the project. I can not say so far who will eventually start resetting Makmal,» Almaz Alimbekov said.

The chairman of the State Property Management Fund noted that Kyrgyzaltyn had few deposits left. Therefore, it is necessary to help the company to participate in tenders for the development of deposits.

The number of employees of Makmalzoloto integrated plant is 953 people. The enterprise is a town-forming, therefore Kyrgyzaltyn can not close it.

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