A 30 percent state share will be ensured in the development of all gold deposits. Deputy Marlen Mamataliev announced at a meeting of the Committee on Fuel and Energy Complex, Subsoil Use and Industrial Policy of Kyrgyzstan.
The committee discussed adoption of an agreed version of the law on amendments to the law on subsoil, returned with objections by the President of the country.
He noted that the subsoil is the exclusive property of the state and is under its special protection.
According to the draft document, a legal or natural person, including a foreign one, recognized as the winner of an auction or tender for granting the right to use large and medium-sized gold deposits, is required to create a legal entity in Kyrgyzstan with a mandatory state participation of at least 30 percent in order to get a license for the right to use the subsoil.
Subsoil users are also offered to buy 80 percent of the necessary services and goods from local producers.
«There are cases when even water is bought from abroad. If these are foreigners, then most of the goods are brought. We suggest them to maximally use services of the locals,» the deputy said.
