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Mukhammеdkaly Abylgaziev discusses fate of Makmalzoloto mine

The Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev received the Chairman of the Board of Kyrgyzaltyn Almaz Alimbekov. The press service of the government reported.

Mukhammedkaly Abylgaziev noted that the mining industry and, in particular, gold mining are one of the strategic sectors of the domestic economy. It is necessary to ensure maximum openness of enterprises, as citizens of the country often have different issues.

The Prime Minister stressed the particular importance of explanatory work among the local population in preparing for the development of certain deposits. As the head of government noted, ensuring of transparency will strengthen the country’s investment image.

The Chairman of the Board of Kyrgyzaltyn Almaz Alimbekov said that according to the results of 2017, the total profit of Kyrgyzaltyn without Centerra Gold dividends was 99.5 million soms. Over 161 million soms were transferred to the republican budget in the form of taxes and deductions. Total payments to the budget amounted to more than 536 million soms.

Almaz Alimbekov told about the state and prospects of the gold deposit Makmal (Makmalzoloto mine), which needs to attract investments.

He said that the main problem is the complete depletion of reserves, which entails an automatic closure of the mine. At present, this is primarily a social facility, which provides 95 percent of the budget of Toguz-Toroo district and more than 1,000 jobs.

Mukhammedkaly Abylgaziev noted the importance of extending the mine’s work, taking into account its social orientation, and instructed Kyrgyzaltyn’s management to make proposals on further prospects for the field, the press service noted.