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 the Oil Price Spike Did Not Help Kazakhstan’s Budget Much, the Ministry Explained
- Why More Women in Kazakhstan Are Working Beyond the 40-Hour Week
- Drone Strikes on CPC Drag Down Kazakhstan’s Oil and Gas Output
- New Parking Rules Approved in Astana: How Much Will Drivers Pay and Who Is Exempt?
- Shell and Eni Replaced in Karachaganak Gas Plant Project
- Economist Calculates How Much Income Kazakhstanis Actually Keep
- Samruk-Kazyna Raises 3 Billion Yuan on AIX in Record-Low Panda Bond Deal
- Kazakhstan to Build Four New Airports by 2028
- State-Owned Plant in Atyrau Tried to Buy Sturgeon Caviar for Nearly 150 Million Tenge
- Chaos and Delays at the Border: Kazakhstan Wants to Bring Queues Under Control With New Rules
- Major Illegal Migration Channel Dismantled in Shymkent
- “A Shameful Sight”: Dump Near Altyn-Emel Caught on Video
- Kazakhstan Is Preparing to Increase the Scrap Fee on Cars From Russia
- Work Permits For Migrants To Go Fully Online As PSCs End Service
- Kazakhstanis Expect Higher Inflation but Remain Optimistic About the Future
- Support For Rural Doctors Doubles Amid Staffing Shortage
- South Korean Shareholder To Inject 4.7 Billion Tenge Into Kazakhstan’s Only Loss-Making Bank
- Tokayev Finishes Uzbekistan Trip With Focus on Trade and Environmental Cooperation
- Kashagan Operator Accused Of Stalling Sulfur Fine Pending Washington Arbitration
- Copper And Molybdenum Project Set To Launch In Abay Region
