Kazakh firm plans $20m gold mining in G-B

Kazakh company has expressed its intention to invest $20 million in placer gold mining projects in Gilgit-Baltistan (G-B), as discussions were held with the Board of Investment (BoI) on opportunities in Pakistan's mining sector, particularly in the northern region. According to an official statement issued on Thursday, Federal Minister for the Board of Investment Qaiser Ahmed Sheikh held a meeting with a delegation of Elaman Group from the Republic of Kazakhstan to discuss potential investment in placer gold mining in G-B. During the meeting, the delegation informed the minister that Elaman Group planned to immediately invest $20 million in placer gold mining projects in the region, with prospects of further investment in subsequent phases. The group said it had already conducted preliminary studies of G-B and identified strong potential for placer gold exploration and development.