Chaarat Gold rises on Chinese interest
Chaarat Gold could soon get Chinese investment after a potential deal was given the thumbs up by authorities in the country.
Chaarat Gold could soon get Chinese investment after a potential deal was given the thumbs up by authorities in the country.
Chaarat, a gold explorer based in the Kyrgyz Republic, said Shandong Gold Mineral Resources had secured regulatory approval for investing from the Development Commission of China (NDRC).
Approval from the NDRC is required before any Chinese firm can make an investment in a foreign company.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chaarat said discussions with Shangdong, the third largest gold producer in China, could continue but warned no agreement had been made and there was no certainty a deal would be done.
The business also announced a deal between China Gold International Resources, the largest gold producer in China, and its 70%-owned subsidiary Kichi Chaarat.
The venture will see joint construction and sharing of the cost of a power line from Chatkal, the entry point to Chaarat, to the national grid of the Kyrgyz Republic.
When construction and commissioning of the power line in complete, the company said the projected cash cost of gold production at the site was expected to fall considerably.
In addition, the need to transport large quantities of diesel by road would be eliminated, enabling a more rapid development of the deposit, it added.
The firm's shares rose 5.7% following the news.
MM
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Revolut launches its first stocks and shares ISA with BlackRock and Vanguard ETFs
A year after getting its UK banking licence, Revolut is now launching its first stocks and shares ISA with a suite of exchange-traded funds (ETFs) from BlackRock and Vanguard.
-
What does Trump’s ‘Big Beautiful Bill’ mean for the US economy?
Donald Trump’s budget bill will slash taxes, but is expected to add at least $3 trillion to US national debt