11th Aug 2014 09:10
LONDON (Alliance News) - GoldBridges Global Resources PLC Monday said its Sekisovskoye mine development project has been approved by Kazakhstan's Ministry of Industry and New Technologies for inclusion in the State Programme on Forced Industrial-Innovative Development.
The programme was established in 2010 as part of President Nazarbayev's initiatives for modernisation of the Kazakhstan economy and pledges state support to selected projects by providing financing facilities such as grants and low interest loans, infrastructure development and policies to remove bureaucratic hurdles
The company said according to the terms of the programme, the Kazakhstani government will build infrastructure to expand the current connection of the Sekisovskoye project to main electricity and transportation networks.
GoldBridges shares were quoted up 1.7% at 3.26 pence Monday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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