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Kyrgyzaltyn OJSC to be transformed into holding company

According to the current development strategy of Kyrgyzaltyn OJSC, work will be aimed at transforming the company from a production enterprise into a management company with a holding structure. Chairman of the Board of Kyrgyzaltyn, Almaz Alimbekov, told 24.kg news agency.

According to him, in the future, the main areas of activity of the holding company should be a search, evaluation, exploration of mineral deposits, preparation for their development for further creation of joint ventures on the basis of deposits.

At the same time, it is planned that the companies will be financed by investors.

«To protect the interests of Kyrgyzstan in development of subsoils of national importance, it is advisable to have Kyrgyzaltyn’s share in such mining projects. This would improve the representation of Kyrgyzstan’s interests in the mining industry and give guarantees to investors. Participation of the company in such projects would allow listing of Kyrgyzaltyn OJSC on one of the international exchanges. But a significant increment of the mineral resource base of the OJSC is needed for an effective implementation of this project,» Almaz Alimbekov summed up.