ISLAMABAD: Kazakhstan’s Elaman Group has completed preliminary studies in Gilgit-Baltistan and identified strong potential for placer gold exploration and development, expressing its intention to make an initial investment of $20 million, with further funding planned in subsequent phases.

The commitment was conveyed by an Elaman Group delegation during a meeting with Minister for the Board of Investment (BOI) Qaiser Ahmed Sheikh in Islamabad on Thursday. The talks focused on investment opportunities in Pakistan’s mining sector, particularly placer gold mining in Gilgit-Baltistan.

The Kazakh delegation was led by Azamat Utegenov, founder and managing partner of the Elaman Group, and included Ulas Alimbaev, Director of Strategic Development; Rysbek........

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