China National Gold Eyes Mineral Exploration Opportunities in Uzbekistan

China National Gold Group, a state-owned Chinese enterprise, has expressed interest in investing in the geological exploration of promising mineral deposits in Uzbekistan, according to the Ministry of Investments, Industry and Trade (MIIT).

A memorandum of understanding has been signed with the Chinese side. In addition to mineral exploration, China National Gold Group plans to develop local production, introduce advanced technologies, train specialists, and attract investors.

China National Gold Group is the largest gold mining company in China. Its operations span exploration, mining, and processing of gold and other valuable minerals.

Back in 2012, the company acquired a mine in Kyrgyzstan with gold reserves estimated at 97.3 tons and copper reserves exceeding 1 mln tons.

Kursiv Uzbekistan reports that on August 6, the official White House website published an executive order from U.S. President Donald Trump imposing an additional 25% tariff on all imports from India.