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Government will no longer allow uncontrolled issuance of subsoil development licenses Abylgaziev

by August 15, 2019 Legal

During his working visit to JalalAbad Oblast, Kyrgyz Prime Minister Mukhammedkalyi Abylgaziev familiarized with the mining enterprise developing a group of deposits Terek, Terekkkan and Perevalnoye deposits, the Government’s press service said.

Production capacity of the enterprise is 100 thousand tons of ore per year. At present, flotation concentrate containing gold and silver is produced here.

The construction of the goldprocessing plant is planned to begin in November this year. The volume of tax revenues will amount to KGS 7 billion, of which more than KGS 2 billion is the local budget. At the construction stage of the factory 850 jobs will be created, at the production stage more than 600.

Prime Minister Mukhammedkalyi Abylgaziev noted today all the issues, related to the allocation of land for the construction of a new factory have been resolved.

The company plans to invest $100 million and create over 700 jobs, 90% of which will come from local villages and towns. I would like to point out that the local population should be trained in the necessary technical specialties, as we demand that they work as engineers and technologists. When the new factory starts working, 350 more jobs will be created, Mukhammedkalyi Abylgaziev said.

Commenting on the statements of local residents on the difficult consequences of the issuance of licenses for the right to use subsurface resources, the prime minister said today the Government applies completely different principles of work, which completely exclude the indiscriminate issuance of permits.

Unfortunately, we are forced to comply with the terms of previous licenses, but there will be no uncontrolled issuance of licenses in the future. Previously, they were issued without a detailed analysis of the history of companies, without studying their work plans. The state bodies, local selfgovernment bodies were left aside, leaving all the issues of interaction to investors. Now we have fixed the norm about the mandatory state share in the companiesdevelopers of deposits. This approach will allow us to rationally use our natural resources in the interests of our economy and the people of the country, said Mukhammedkalyi Abylgaziev.

Eti Bakyr Tereksai OJSC is a joint venture of Kyrgyzaltyn OJSC with a 25% stake and the Turkish company Eti Bakyr 75%. Tereksai mine is one of the oldest mining enterprises in the country, located in Tereksai village of Chatkal region of JalalAbad Oblast.

Source: Kyrgyz National News Agency