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Head of KAZ Minerals Bozymchak company detained in Bishkek

Ilyas Tulekeev, Director General of KAZ Minerals Bozymchak LLC, was detained in Bishkek on Friday. Sources in the Financial Police informed.

Recall, KAZ Minerals Bozymchak company belongs to KAZ Minerals PLC Group. Kazakhmys Gold Kyrgyzstan company started its work in Kyrgyzstan in 2007. On October 31, 2015 Kazakhmys Gold Kyrgyzstan was renamed into KAZ Minerals Bozymchak, the company holds licenses for exploration and development of copper and gold Bozymchak field in Ala-Buka district of Jalal-Abad region and other licenses, necessary for the operation of the field.

On August 1, 2015, Bozymchak mining and processing enterprise was launched with the participation of the Prime Minister of Kyrgyzstan. According to the government, the company’s annual payments are estimated at 310 million soms. The explored reserves of copper amount to 140,078 tons, gold — 22.96 tons, silver — 144.2 tons. As of the beginning of 2017, more than $ 430 million have been invested in the project.

However, the enterprise did not start working in its full capacity, and later the company was revoked a license.

The license for the development of the country’s largest copper-gold deposit Bozymchak was resumed in autumn 2017.

It is still unknown what charges are brought against the citizen of Kazakhstan, Ilyas Tulekeev. He was put in a pretrial detention center.