Central Asian Minerals and Resources PLC (“CAMAR”), through its wholly owned subsidiary, Gulf International Minerals Limited, owns a 49 per cent. interest in the joint venture mining company, Aprelevka, which is licensed to operate and is currently operating the Aprelevka gold mine in Tajikistan.
The other party to the joint venture is the Ministry of Energy and Industry of the Republic of Tajikistan. The mining areas where Aprelevka is licensed to operate are at Aprelevka itself, Burgunda, Kizil-Cheku, Ikkijilon and the Kansai concentrating facility and nearby mill tailings. CAMAR intends that Aprelevka will, in due course, apply for additional mining licenses in areas contiguous to the Aprelevka gold mine.
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