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Tajikistan to withdraw mining licenses from Singapore’s company

Tajikistan Materials 9 January 2013 09:43 (UTC +04:00)
Tajik Government may withdraw two mining licenses from Singapore’s company Marvis
Tajikistan to withdraw mining licenses from Singapore’s company

Azerbaijan, Baku, Jan.8 / Trend, J.Nasibova/

Tajik Government may withdraw two mining licenses from Singapore's company Marvis, CA-News reported with reference to chairman of Head Administration of Geology under Tajikistan's government, Azim Ibrohim.

"The company has not fulfilled its obligations with regard to implementation of the projects, what might be caused by the company's financial difficulties," Ibrohim said.He underlined that the administration offered the company to prepare the project on mining. However, the offer was left unanswered.

As Ibrohim mentioned, under the contract, "Marvis" was obliged to develop the bottom lift of the natural gas field "Kyzyl Tumshuk" in South Tajikistan, which has huge gas resources according to Tajikistan. The company also has a license for developing another field "Guldara" in the south of the country.

As Ibrohim said, all the documents on withdrawal of the licenses have been submitted to the court.

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