Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Kazakhstan Produced 9.5 tonnes of Gold in 2000

ALMATY, Kazakhstan - Kazakhstan produced around 9.5 tonnes of gold in 2000, of which the central bank bought about 2.5 tonnes, the president of the central bank, Grigoriy Marchenko, said on Tuesday.

"We don't yet know the final figure for gold production, but it's around 9.5 tonnes, of which we bought around a quarter, or 2.5 tonnes," he told a news briefing.

Data from Kazakhstan's national statistical agency shows gold output was 9.6 tonnes in 1999. The agency put output for the first 11 months of 2000 at 8.55 tonnes.

Marchenko said the share of gold in Kazakhstan's gold and foreign exchange reserves was around 24 to 25 percent, and consisted of some 50 tonnes. The reserve was worth some $2.09 billion as of Dec. 31.