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.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.