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Chaarat tweaks Tulkabash contractor agreement

AIM-listed Chaarat Gold Holdings has changed its agreement with Ciftay, the Turkish contractor it chose to build its Tulkubash project in Kyrgyz Republic, with the cap for the total cost of works lowered and Ciftay now taking a stake in Chaarat, rather than at a project level.

Chaarat tweaks Tulkabash contractor agreement Chaarat tweaks Tulkabash contractor agreement Chaarat tweaks Tulkabash contractor agreement Chaarat tweaks Tulkabash contractor agreement Chaarat tweaks Tulkabash contractor agreement

Chaarat Gold's Tulkubash project in the Kyrgyz Republic

The new agreement replaces the joint venture partnership signed in 2019 and includes a reduction in the value of the construction contract works payable by Çiftay to a maximum of $25 million

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