Ex-Presidential Property Official’s Company Accused of Illegal Gold Mining
Photo: Pixabay, illustrative purposes
IBM Gold, a firm headed by Bolat Mynbayev, former chief of the Presidential Property Management Department’s Directorate of State Residences, has drawn prosecutors' attention after being accused of mining gold and silver without the required permits, Orda.kz reports.
According to the Pavlodar Regional Prosecutor’s Office, IBM Gold has been operating in the Bayanaul District since early 2025 without an environmental permit. The agency said it would take “appropriate measures, including procedural ones,” in response.
Prosecutors identified 11 other companies involved in illegal mining, citing violations such as operating outside licensed areas or extending contracts unlawfully. However, IBM Gold was specifically named in the official release.
Mynbayev, who previously oversaw presidential residences, is one of ten co-founders of IBM Gold. Other shareholders include Serik Abdygaliyev, owner of SA Minerals, and Kyrgyz businessman Takhirzhan Baratov.
Media previously reported that in 2017, IBM Gold obtained access to waste from the Maikayinskaya enrichment plant under questionable circumstances — allegedly signing a contract before the company was formally registered.
Original Author: Nikita Drobny
Latest news
- Why Are Kazakhstanis Leaving Southern Regions In Large Numbers?
- Tokayev Criticizes Banks For Delaying QR Payments
- Kazakhstan Launches New Preferential Loans For Livestock Breeders
- Rare New Guinea Monitor Lizards Arrive At Almaty Zoo
- Malaysian Automaker Proton Eyes Kazakhstan Production With Allur
- A Russian Teen Who Crossed Into Kazakhstan on Foot Wins Appeal Against Expulsion
- Regional Revenues, Global Instability, And The Referendum: What Tokayev Told Deputies
- Digitalization Of Customs Or New Barriers? What Entrepreneurs Fear In Kazakhstan’s New KEDEN System
- Astana Could Become An International Aviation Leasing Hub
- Kazakhstan’s First Tagged Eurasian Black Vulture Found Dead in India
- Kazakhstan Replaces Russian Turbines With Chinese Equipment for Ekibastuz Power Plant No. 2
- How Kazakhstan, Uzbekistan, And Azerbaijan Will Export Electricity To Europe
- Kazakhstan Explains How Russians Who Fled Mobilization Can Be Deported
- Kazakhstan and Japan discuss hydrogen partnership with export potential
- Russia Thanks Tokayev for Initiative to Support Russian Language
- Almaty Could Restrict Cars Under Beijing-Style Anti-Smog Plan
- Tigers in Kazakhstan Are in No Rush to Breed
- What Changes Are Being Prepared Under the New Tax Code
- Alcohol and Tobacco Prices in Kazakhstan See Sharpest Monthly Rise in 15 Years — Analysts
- Middle East Conflict Will Not Lead to Higher Gasoline Prices in Kazakhstan — Minister
