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
- Kazakhstan’s Credit Rating Upgraded for First Time in a Decade
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
- Kazakhstan Moves to Develop Critical Minerals as Global Competition Intensifies
- Another Performance by Kazakh Stand-Up Comedian Called Off
- Uzbekistan Begins Preparations for Second Nuclear Power Plant
- Backpack Links Glacier Remains to Man Missing for 19 Years
- 650-Hectare Wildfire Contained in Karaganda Region
- Unusual Wildlife Encounter Captured in Altyn-Emel
- Retired Border Service Dog Sold for $2 at Kazakhstan Auction
- Will Kazakhstan Have Enough Coal This Winter?
- Belarusian Hikers Find Body on Glacier Near Almaty
- Kazakhstan Investigates Spending on 242 Million Tenge Educational Game
- Kazakhstan Makes Caspian Oil Companies Pay for Counterterrorism Deployments
- Kazakhstan Faces Shortage of 245,000 School Places
- Waste Dumping Reported Near Yurt Camps at Lake Zaisan
- Kazakh Oil Rerouted to Novorossiysk as Russia Frees Baltic Export Capacity
