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Kyrgyzstan tells about prospects of development of iron ore deposits

Deputy Minister of Economy of the Kyrgyz Republic Sanzhar Bolotov told about the country’s investment potential in the field of mineral extraction at the business forum of trade and economic cooperation between China (Shaanxi) and Kyrgyzstan. The Ministry of Economy of the Kyrgyz Republic reported.

According to the official, Kyrgyzstan has significant reserves of various types of raw materials, which makes the country attractive to foreign investors.

«In addition, there is a prospect of organizing iron mining, the reserves of which to date amount to about 5.5 billion tons in the form of ore,» he noted.

Sanzhar Bolotov told about the presence of large deposits of titanium (about 265.7 million tons), gold (more than 616 tons), copper (more than 2 million tons), mercury (about 10 million tons), antimony, rare earth metals, tin and silicon. Particular attention was paid to the reserves of tungsten and uranium, which can also become the basis for new production capacities.

According to him, Kyrgyzstan has more than 100 types of raw materials, including fuel and energy raw materials (about 1.3 billion tons), which opens up broad prospects for attracting international investors and developing the mining industry.

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