Kazakh Group to Invest $20m in Gilgit-Baltistan Gold Mining

GILGIT-BALTISTAN: Kazakhstan-based Elaman Group has announced plans to invest $20 million in placer gold mining projects in Gilgit-Baltistan. The announcement was made following a meeting with Federal Minister for the Board of Investment Qaiser Ahmed Sheikh. The company has conducted preliminary studies and identified strong potential for gold exploration in the region. Elaman Group plans to introduce modern mining technologies in collaboration with Chinese partners to ensure sustainable and environmentally responsible operations. Authorities have assured full regulatory support, stating the project will boost employment, economic growth, and regional development through foreign investment in the mining sector.