Chinese firm to invest $500 million in Tajik metal plant January 24, 2013 - 19:28 AMT PanARMENIAN.Net - China Global New Technology Imp & Exp plans to invest $500 million in construction of a metallurgical plant in northern Tajikistan, the Central Asian country’s State Committee on Investments and State Property Management said on Thursday, January 24, according to RIA Novosti. “The plant will be built as part of the Zarnisor joint venture, whose main investor is this Chinese company,” a Committee spokesman said. Zarnisor was established in 2007 near the Altyn Topkan lead-zinc deposit in Tajikistan’s north. The enterprise’s annual processing capacity amounts to 1 million metric tons of ore. Over five years, China Global New Technology has invested some $150 million in the venture. According to Tajikistan’s Energy and Industry Ministry, production of lead dust at Zarnisor grew 87 percent over 2012 to 23,400 tons, while production of zinc dust rose 130 percent to 37,300 tons. A second production line is to be launched this year, doubling the enterprise’s production capacity.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
