- Company profile
- A central ingredient of the business idea
is to conduct exploration work as well.
Company profile
Central Asia Gold AB ("CAG AB") is a Swedish junior mining company focused on gold production in Russia, primarily in Zabaikalskiy region and the Republics of Khakassia and Tyva. The company has currently 4 operations involving exploration and production of gold, one of which, Kara-Beldir LLC, is a joint venture with the major Canadian gold producer Centerra Gold Inc.
The group's main assets comprise a large number of mineral licenses held by the various subsidiaries. The licenses as at the end of September 2011 are estimated to contain almost 1,000,000 troy ounces (oz) (1 oz = 31.1 g) of gold reserves according to the Russian C1+C2 categories (equaling some 32 tons).
In summer 2011, Central Asia Gold AB employed 1,139 people, including contractors. In 2010, 730 kg of gold were produced.
Headquartered in Stockholm, Sweden, Central Asia Gold AB is listed at the Swedish stock exchange NASDAQ OMX First North Premier. The number of shareholders was approximately 3,700 as of September 30, 2011.
In September 2011, the company had 17,616,987 ordinary shares in issue and a market capitalization of 385,812,015 SEK.
Our vision and values
To become a medium size gold exploration and production company in an international context.
Our goal
Our goal is to create value for our shareholders through exploration and mining of gold and initiatives to expand the existing business. Our primary focus is gold but other minerals may become the focus of the company’s business over time.
Our values
Safety
Our highest priority is safe and healthy working environment for our employees. We are constantly searching for new and innovative methods to ensure the safety of our employees. We can proudly say that the level of injuries and illnesses is very low in the company.
Respect
We are committed to provide a positive working environment free of discrimination and harassment in all of our activities. We act and treat each other with dignity and respect. We believe that employees who are treated with respect have a higher level of professional performance. All our employees are given the equal opportunities for the career development. We reward and encourage creativity and innovation..
Teamwork
We promote teamwork, as we believe that this is the key factor in order to reach success in the global market. When we unite the diverse skills and talents of our employees, we can be sure that there is no task we cannot accomplish.
Responsible mining
Environmental awareness is a central issue in a company active within operations involving environmental risks. The majority of CAG’s activities are carried out on land areas which are sensitive to impacts of the mining production. Seeking to minimize negative effects of CAG’s operations on the environment, CAG has focused on adopting innovative technology, continuously optimizing resources utilization and decreasing industrial waste.
SEK

