Kyrgyz Republic

Overview

Located in the Kyrgyz Republic is one of the world's richest gold belts, the Great Tien Shan Gold Belt. It represents one of the most prospective untouched and underdeveloped resources endowments in the world and can be regarded as one of the last great unexploited mining destinations. Only one mine, the Kumtor gold mine, is currently in operation and there are a number of exploration projects that are poised to go into production. There has been recent reformation of mining legislation to strike a balance between development and environmental protection to achieve sustainable development.

The Kyrgyz Republic is seeking to encourage foreign investment in gold mining through liberal taxation systems which are related to gold price movements. Many politicians and citizens are eager to see the mining industry realise its full potential.

Bordered alongside China and Kazakhstan, potential customers are located within close proximity. Russia provides the country with a generous fuel subsidy and the mining industry has solid support from selected NGO's, regional Development Banks and Institutions and external government aid agencies.

There are high levels of in-country technical, environmental and social capacity while labour costs in the Kyrzgyz Republic are still very low when compared with other jurisdictions. Engineering companies and high standard fabrication workshops are available in country.

In 2013, we acquired interests in three projects in the Kyrgyz Republic. They are the Andash project , Bashkol project and Taldybulak project.
 1 "such assets were acquired by Robust and sold into Tengri, an AIM listed entity, in which Robust retains an 87.3% interest"

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