"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.