Oil and Gas, Kyrgyzstan Metals and Mining
The Kyrgyz Government has adopted a package of measures aimed at improving the conditions for investment in the mining sector; the corresponding document was signed by the Prime Minister of the Republic, Djoomart Otorbaev on Wednesday.
In particular, the Government defined the authority to perform certain types of expertise that will contribute to a more comfortable purchase of a license and a package of geological information; the procedure for participation in tenders and auctions for foreign legal entities was simplified. In addition, the share of the costs for participation in auctions was reduced for foreign investors.
About 80% of the Kyrgyz territory is located in mountainous regions, which are extremely rich in minerals. Copper, oil shale, peat, gas, oil, precious and rare earth metals are mined in the country. Rich deposits of antimony, mercury, uranium, zinc, tin, tungsten, lead etc. are located here.
An agreement to develop the "Zarnisori Shimoli" field was signed in Dushanbe.
The agreement signing between the State Committee on Investments and gosimuschestvom Tajikistan and "Tajik-Chinese mining company" (TC-Gorprom) to develop the lead and zinc deposits was held in Dushanbe this week.
The agreement was signed by Kodiri Cosima, the chairman of the State Committee, and Huang Xiang Zhong, the president of the Chinese company, as reported on the website of the State Committee on Investments and State Property Management.