Open Joint Stock Company "KyrgyzAltyn" (http://www.kyrgyzaltyn.kg/en) is the first rate enterprise in Kyrgyz Republic that specializes in development of gold deposits and performs the following strategically important tasks:
- development of raw materials sources, complete integrated management of gold deposits;
- rational use of productive potential;
- development of foreign economic ties;
- arrangement of conditions for the social development of staff;
- development of social infrastructure in the deposit sites;
- provision of safety techniques and environmental protection.
The "Kyrgyzaltyn" Open-End Joint Stock Company is the largest company of the Kyrgyz Republic specializing in development of gold deposits.
"Kyrgyzaltyn" JSC was created in 1992 as Kyrgyzaltyn State Concern in order to amalgamate enterprises of the mining industry of the Kyrgyz Republic for maintenance of production of existing enterprises and realization of new gold mining projects.
In the 23rd of July, 1999, "Kyrgyzaltyn" State Concern was reorganized into Kyrgyzaltyn JSC in order to enhance an efficiency of its activity and to implement corporate management principles.
Together with its joint venture partners Kyrgyzaltyn JSC produces more than 97% of gold in Kyrgyzstan. Nearly 10% of gross domestic product, 40% of industrial output and 60% of export of the Republic fall on gold mining. The Kyrgyz Republic ranks third among CIS countries in production of gold.
The recent revival of gold market allowed Kyrgyzaltyn JSC to carry out work for improvement of existing and for creation of new gold mining enterprises.
Kyrgyzaltyn JSC represents the Kyrgyz party in Centerra Gold Company (Kumtor deposit) and in the joint ventures such as Altynken LLC (Taldy-Bulak Levoberezhny), Jerooyaltyn CJSC (Jerooy deposit), Buchuk Gold LLC (Buchuk area of the Solton-Sary deposit), Alryn-Tor Gold LLC (geological exploration area round the Altyn-tor area of the Solton-Sary deposit), Tohtazan LLC (TGMC at the liquidation stage).