Formula Sveta (The Formul of Light), a Russian company, expressed its interest in investing in the mining sector in Guliston, situated in Tajikistan’s Sughd region. This interest was expressed during a meeting in Khujand between Rajabboy Ahmadzada, the chairman of the Sughd region, and representatives from Formula Sveta and Orient Investment.
Chairman Ahmadzada highlighted the region’s potential and discussed various investment opportunities, with a particular focus on the mining industry. Sergey Isakov, representing Formula Sveta, and Li Kuang Dao, chairman of Orient Investment, were present during these discussions.
The management of Formula Sveta expressed specific interest in the revitalization of the Adrasmon mining enterprise in Tajikistan’s Guliston. The plans involve introducing modern equipment and technological lines to restore the enterprise to its full operational capacity.
Formula Sveta is engaged in mining activities and the production of electrical tools and equipment. The company aims to improve its operations and broaden its involvement in the mining sector through this potential investment.
Meanwhile, Tajikistan’s mining output increased by over 18% in the past year. In 4M24, the mining and precious metals industry produced goods worth TJS 4.3 bn ($398.6mn), which is TJS 667 mn ($61.7mn) more than the same period in 2023.
Tajikistan has 21 companies involved in mining and processing minerals and precious metals, with seven of them operating with Chinese investments. The sector employs around 12,500 people, with 11,500 being Tajik citizens and the rest Chinese.
Source: Daryo
