Deccan Gold's Altyn Tor project marks new chapter in India-Kyrgyzstan Mining collaboration

Deccan Gold Mines Ltd. ("Deccan Gold"), India's first and only listed gold and critical minerals exploration company, today announced that its Managing Director, Dr. Hanuma Prasad Modali, met with H.E. Mr. Askar Beshimov, Ambassador of the Kyrgyz Republic to India, during his visit to Chennai on September 29, 2025. The meeting reaffirmed the deepening economic and diplomatic partnership between India and Kyrgyzstan, anchored by Deccan Gold's upcoming Altyn Tor Gold Project in Kyrgyzstan, which is on track to commence production later this year.

The Altyn Tor project marks the first overseas mining investment by an Indian company in Kyrgyzstan and represents a powerful symbol of collaboration between the two nations. It reflects Deccan Gold's ambition to be a global mining player while advancing India's Atmanirbhar Bharat vision of securing critical mineral resources.

Dr. Hanuma Prasad Modali, Managing Director, Deccan Gold Mines Ltd., said: "The Altyn Tor project represents more than a milestone for Deccan Gold - it reflects India's ability to shape the future of global mining while deepening our partnership with Kyrgyzstan. My meeting with H.E. Mr. Askar Beshimov, Ambassador of the Kyrgyz Republic to India, reaffirms our shared commitment to building a modern, inclusive resource economy that benefits both nations. As an Indian company with global ambitions, Deccan Gold is proud to advance the Atmanirbhar Bharat vision by demonstrating that ethical mining, cross-border collaboration, and long-term value creation can go hand in hand."

H.E. Mr. Askar Beshimov, Ambassador of the Kyrgyz Republic to India, said: "India is a valued partner for Kyrgyzstan, and we welcome Deccan Gold's' investment in our country. The Altyn Tor project is a testament to the opportunities that exist for cooperation in mining, critical minerals, and broader economic engagement. We see this as a foundation for strengthening our bilateral relations in ways that are sustainable, forward-looking, and mutually beneficial."

Strengthening India-Kyrgyzstan partnership

The meeting reflects the growing alignment between India and Kyrgyzstan in trade, investment, and resource development. Mining and critical minerals are priority sectors that can help both countries strengthen supply chains, reduce import dependence, and foster innovation. Deccan Gold's investment in Kyrgyzstan showcases how cross-border partnerships can support India's long-term resource security while contributing to Kyrgyzstan's economic progress.

Shares of DECCAN GOLD MINES LTD. was last trading in BSE at Rs. 140.90 as compared to the previous close of Rs. 133.30. The total number of shares traded during the day was 1249165 in over 8501 trades.

The stock hit an intraday high of Rs. 144.70 and intraday low of 134.00. The net turnover during the day was Rs. 176936631.00.

Source : Equity Bulls

Keywords

DECCANGOLDMINES INE945F01025 Mining AltynTorProject NewChapter India Kyrgyzstan Collaboration