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SECTION NEWS

Ministry of Economy: Ban on export of ore from Kyrgyzstan to stop work on field

16/12/16 08:42, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

"The ban on the export of ore from Kyrgyzstan will stop work on the field," Deputy Economy Minister Bakkeldi Tyumenbaev said today at the session of Kyrgyzstan parliamentary faction.

Kyrgyzstan has no production, allowing processing of gold concentrates. Therefore, the raw material is exported to other countries. However, in the near future, such a plant may appear.

In 2015, Kyrgyz-Turkish company Eti Bakir Tereksai won a competition for development of Terek, Terekkan, Perevalnoe gold deposits. Under the project, it is planned to build gold processing plant (mill). After its construction, Kyrgyzstan will be able to process gold ore and concentrate.

"Ban on the export of concentrate till the end of construction of the plant will lead to the worsening of the investment climate, stoppage of a number of fields and budget losses," Bakkeldi Tyumenbaev said.   

 The Ministry of Economy offers its own version of the fight against the mass export of ore from the country. This can be done with the help of export duties, which the Cabinet proposes to introduce. 

Fees will be charged from the export of ores and concentrates containing precious metals. In the case of export of raw materials on a tolling basis, its return and sale in Kyrgyzstan, an export duty will not be charged. 


URL: http://eng.24.kg/economics/168934-news24.html
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Exchange rate from 4 February
National Bank of Kyrgyz Republic
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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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