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Economy 12/07/2010 Amantaytau Goldfields’ net income makes up 315.913m soums
Amantaytau Goldfields’ net income makes up 315.913m soums
Tashkent, Uzbekistan (UzDaily.com) -- Amantaytau Goldfields (AGF), an Uzbek-British joint venture, reported that its net income made up 315.953 million soums.

According to the company’s annual report, net revenue from goods realization comprised 40.101 billion soums, prime cost – 15.232 billion soums. The company’s expenses reached 23.227 billion soums.

Capital investments of the venture made up 4.836 billion soums at the end of 2009. Long-term liabilities reached 22.361 billion soums and current liabilities – 42.99 billion soums. The charter capital of enterprise was 17.574 billion soums.

Shareholders directed 5% of net income to AGF reserve fund and delayed consideration of issue on payment of dividends up to improvement of the enterprise’s financial conditions.

Main directions of Amantaytau Goldfields activities are exploration, development, mining, production and processing, export and sales of products from gold fields. Currently, the enterprise develops Amantaytau gold field.

Founders of the venture are Britain’s Oxus Gold (50%), State Committee on Geology and Mineral Resources of Uzbekistan (40%) and Navoi Mining and Metallurgy Combine (NGMK, 10%).

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