Kyrgyzaltyn OJSC companies

In accordance with Decree of the President of the Kyrgyz Republic No. -175 dated July 23, 1999, «On reorganization of the Kyrgyz State Consortium Kyrgyzaltyn in order to ensure the transparency and improvement of the management structure, State Consortium Kyrgyzaltyn was reorganized by transformation into Kyrgyzaltyn Joint Stock Company. Currently the Company, together with the joint venture partners, is producing more than 97% of the Kyrgyzstan's gold. Gold mining accounts for about 10% GDP of the Republic, 40% of industrial production and 60% of exports. The Kyrgyz Republic is ranked to be the third among CIS countries on gold production. Mission of Kyrgyzaltyn OJSC - to focus on production of precious metals with minimal costs. Strategic goal is to achieve the maximum generation of profits for the Company, providing the: increase in gold production and profitability; expansion and replenishment of the mineral resource base of companies and ensuring commercial reserves; high level of gold production efficiency; sustainable development of Kyrgyzaltyn OJSC companies investing in modernization and technical re-equipment; implementation of metals extraction technology from production wastes. State-owned shareholding is 100%, the shareholder is the State Property Management Fund of the Kyrgyz Republic. The structure of Kyrgyzaltyn OJSC composes the production branches: Makmalzoloto Plant; Solton-Sary Mine; Tereksay Mine; Refining Factory Factory; Non-production branches: