According to the public relations report of the Kurdistan Gold Mines Development Company; on Monday, April 10, 1403, the Deputy Director of Human Capital and Financial and Economic Affairs, as well as the Director of Finance of Sadr Tamin Investment Holding, inspected the progress of the Saqqez gold extraction plant construction project.
During this visit, Zarei Mousavi and Shiwai, after reviewing the progress of the gold factory project, also visited the Qalaqleh Gold Mine and were briefed on the activities carried out by Kurdistan Gold Mining Development Company.
Majedi, the CEO of the company, during this visit, explained the actions taken in the past year regarding exploration and extraction at the Qalaqleh Gold Mine, adding that significant achievements were made in the exploration of the mine. He mentioned that the mine's reserves are currently being re-evaluated based on new exploration data. He also emphasized that much of these achievements are due to the efforts of the company's mining management team. Regarding the extraction operations, he noted that within a month, the mining contractor will begin extraction work after setting up the necessary facilities.
Majedi, regarding the challenges in this area, stated: "During the recent visit by the esteemed governor of Kurdistan and the directors of relevant provincial organizations, we have been working on obtaining the necessary permits for the mining sector, including the development of the mining face and the access road from the mine to the factory. We hope that in the coming months, these challenges will be resolved, allowing us to sustainably supply the gold extraction plant with raw materials."
The visitors then proceeded to the site of the factory and observed the progress of this national project.
Zarei Mousavi, after hearing the explanations from the project managers regarding the construction operations, expressed gratitude for the efforts of the Kurdistan Gold team and added: "There has been noticeable progress in both the mining and factory sectors compared to previous years. The financial and economic team of Tasicco, as the main investor in the project, is working diligently to secure the project's financial resources. We hope that with an accelerated pace of execution, we will witness the completion and operation of this national project this year."
In the course of this visit, the financial and economic team of Tasicco, along with the managers of the Kurdistan Gold Mining Development Company, met with the regional managers of several banks, including Bank Mellat, Bank Melli, Bank Tejarat, and Bank Keshavarzi, to discuss solutions for securing the necessary financial resources for the project. During these meetings, the regional bank managers expressed their readiness to participate and provided various options available within each bank’s structure to contribute to the investment and financing of the project. At the end of the meetings, it was agreed that follow-up sessions would be held at the senior organizational level between the Tasicco Investment Holding and the banks.
The project of expanding exploration activities, equipping the Qaleh Gold Mine, and constructing the Saghez Gold Extraction Plant, with an investment exceeding 65 million dollars and aimed at producing 500 kilograms of gold bullion annually in the underdeveloped region of Kurdistan, is being implemented by the Kurdistan Gold Mining Development Company, a subsidiary of the Tasicco Investment Company, affiliated with Shasta. The project will directly employ at least 500 people.
