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China makes fresh forays into gold mining sector in Tajikistan
From Eurasianet, New York
Friday, April 15, 2022
Tajikistan's president traveled to the northern Sughd region on April 14 to oversee the opening of a new gold processing plant built by a Chinese investor at a cost of around $136 million.
The enterprise, Talco Gold, will produce up to 2.2 tons of gold and 21,000 tons of antimony annually, according to government officials.
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China is by far Tajikistan's main source of foreign direct investment. In 2021, businesses from China invested more than $211 million in Tajikistan, an amount that account for nearly 62% of the global FDI figure. Those funds mainly went toward the extraction and processing of lead, zinc and tin ores, and the mining of precious and semi-precious gems and metals.
Talco Gold is a joint venture between the Talco Aluminum Co., a Tursunzoda-based company said to be owned Hasan Asadullozoda, the brother-in-law of President Emomali Rahmon, and China's Tibet Huayu Mining. ...
Some economic experts cast doubt on whether China's debt strategy for Tajikistan brings sufficient rewards.
"China gives money as a loan to Tajikistan for specific projects, and often the parliament approves tax exemptions during the construction period," one analyst told Eurasianet on condition of anonymity, as criticism of the government can incur reprisals. "Construction equipment is brought in from China, and Chinese workers are engaged in the building. As a result, all the money goes back to China, and Tajikistan remains saddled with the debt."
... For the full report:
https://eurasianet.org/china-makes-fresh-forays-into-gold-mining-sector-in-tajikistan
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