Kazakhstan's Elaman Group is poised to make a significant investment in Pakistan's mining sector, specifically targeting placer gold mining in Gilgit-Baltistan (G-B). According to Dawn, the company has completed preliminary studies in the region and identified strong potential for gold exploration, planning an initial investment of $20 million. This commitment was confirmed during a meeting with Pakistan's Minister for the Board of Investment, Qaiser Ahmed Sheikh, where the Elaman delegation, led by Azamat Utegenov, discussed the group's experience and future investment plans. Tribune Latest echoes this sentiment, highlighting the group's intention to introduce modern mining technologies in collaboration with Chinese partners, indicating a strategic approach to enhancing mining operations in G-B.
MINING
Kazakh Firm Elaman Group Plans $20 Million Investment in Gilgit-Baltistan

Elaman Group plans a $20M investment in G-B's gold mining, while Barrick faces security issues in Balochistan's Reko Diq project, highlighting contrasting dynamics in Pakistan's mining sector.
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Dawn
Updated 22h agoBR
Business Recorder
Updated 1 day agoTNB
The Nation Business
Updated 1 day agoTL