Tajikistan President Rakhmonov Cut the Ribbon for the Commercial Production of ZGC Company's Jilau Ore-processing Plant
2015/10/20 6235

On October 18th, the Jilau’s ore-processing plant owned by Zeravshan ld Co.,Ltd (ZGC) began its commercial production. Tajikistan President Rakhmonov attended the opening ceremony and pressed the production starting button.

As the major project of ZGC company, the on-schedule commercial production of Jilau’s ore-processing plant not only stands as a milestone in the history of ZGC company, but also a win-win cooperation in mining industry between Tajikistan and China. After the project starts commercial production, Zijin’s ld output will experience a considerable increase, which will both improve ZGC’s profitability and contribute in a quite positive way to local economic and social development. President Rakhmonov has paid many visits to ZGC, and addressed openly that, “China has always been a trusted ally, dear friend and od neighbor for Tajikistan. JV Zeravshan is the result of od cooperation between China and Tajikistan.”

After Zijin acquired CBML in 2007 (CBML ever hold 75% interest of ZGC company), along with great attention and virous promotion from Tajikistan and China’s vernment,Zijin invested more than USD 400 million accumulatively in mine reconstruction and technological improvement, reversing the ZGC’s long-run loss situation and making ZGC the largest ld producer in Tajikistan. As of September of 2015, ZGC has produced 12.7 tonnes of ld, reported USD 520 million of revenue and paid USD 157 million of taxes in total.

Mr. Chen Jinghe, Chairman of Zijin, also sent a congratulation letter for the commercial production of Jilau’s ore-processing plant.

Related departments of Tadzhik vernment and head officers of Panjakent City and Sughd Province witnessed this monumental moment with ZGC staff together. Tadzhik major media covered this event.