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10 MAY 2006  

The new investor of Jerooy gold deposit agreed to the demands of Kyrgyz government

The new investor of Jerooy gold deposit – Global Gold Company – is agreed to all the demands of Kyrgyz government. Global Gold, located in Austria, was founded especially for Jerooy and is a branch of Strategic Investment Group.

In particular, Global Gold has agreed to increase the share of Kyrgyaltyn in the joint venture up to 40% (earlier it had 33%). Moreover, the gold mined at the deposit will be refined in Kyrgyzstan, despite the high cost of this procedure in the Republic.

Jerooy resources are estimated at 70 tons of gold.



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