ALLTECH INVESTMENTS TERMINATED ITS PARTICIPATION IN BLACKSPACE AND TK GEO RESOURCE PROJECTS
ALLTECH Investments has fully exited from two projects: Blackspace (coal and ferronickel production in Indonesia) and TK Geo Resource (gold production in Kyrgyzstan).
Blackspace’s main focus is production of ferronickel applying exclusive technology. Projects suggested construction of new infrastructure and social development of the regions of operation. Company's project pipeline also included geological exploration and development of manganese.
TK Geo Resource is gold mining project in Kyrgyzstan. In 2016 the company started production of gold at Kurandy field and launched its own enrichment plant. Moreover TK Geo Resource hold 4 exploration licenses for the nearby gold fields in the Chui region.
ALLTECH Investments decided to focus on development of new promising assets.