You think it’s tough doing business here?
Try Kyrgyzstan. At least one major foreign-run gold mining operation had its license suspended there, another was slapped with a $5 million fine, and a third had its exploratory camp burned down by marauding horsemen.
Eurasianet.org reports gold producers will be forbidden from shipping gold ore out of Kyrgyzstan. Starting next year, gold is only to be processed in-country, an official from the Ministry of Economic Regulation says. Exporters of gold concentrate, a purer mix than ore, will have to pay an extra tax before taking the material out.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?