In Kyrgyzstan’s mineral-rich Soltan Sary zone, the Altyn Tor deposits include an estimated 4.65 million tonnes of rock with an average of 1.21 grains of gold per tonne, or an estimated 180,000 troy ounces of gold.
Deccan Gold Mine, a listed mineral exploration company, said on September 30 that it is on pace to start production from a mine in Kyrgyzstan beginning next month, sending its shares skyrocketing by more than 6%.
According to a corporate filing, the managing director “reaffirmed” the growing commercial ties between the two countries during a meeting with the ambassador of the Kyrgyz Republic to India in Chennai. As the “first offshore mining investment” made by an Indian business in Kyrgyzstan, Deccan Gold has partnered with the government to invest in the “Altyn Tor” gold project. According to the gold miner, the project is promoting India’s Atmanirbhar vision in crucial mineral resources and assisting in its goal of becoming a major participant in the global mining industry.
Collaboration with Kyrgyzstan
Managing Director of Deccan Gold Mines Hanuma Prasad Modali said, “The Altyn Tor project is more than a milestone for Deccan Gold – it symbolizes India’s potential to affect the future of global mining while extending our connection with Kyrgyzstan.” The business went on to say that it wants to create a “new, inclusive resource economy” for both countries.
“India is a key partner for Kyrgyzstan, and we welcome Deccan Gold’s investment in our nation,” said Askar Beshimov, the Kyrgyz Republic’s ambassador to India.
Concerning Altyn Tor
The “basis for enhancing bilateral ties” has been the Altyn Tor project, which has investigated mining and key mineral cooperation between the two countries, Ambassador Beshimov said.
In Kyrgyzstan’s mineral-rich Soltan Sary zone, the Altyn Tor deposits include an estimated 4.65 million tonnes of rock with an average of 1.21 grains of gold per tonne, or an estimated 180,000 troy ounces of gold. In order to turn the project into a mining operation, Deccan Gold plans to start production in October 2025. Andhra Pradesh, Karnataka, Mozambique, Kyrgyzstan, and Finland are among the important gold and mineral exploration holdings of Deccan Gold.