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Auction for Jerooy mine to be held upon resolution of Kumtor issue - PM.

The auction for the Jerooy gold mine will not be held until the Kumtor issue is resolved, Prime Minister of Kyrgyzstan Jantoro Satybaldiev told a press conference on December 24 in Bishkek. The agreement on creation of the joint venture should be considered by the Parliament, the Prime Minister said. The Agency for Geology and Mineral Resources announced the competition for development of the Jerooy field and Jerooy mine on April 5. Only one company - Continent Finance Ltd - submitted the bid. The competition was announced failed, since at least two bids were to be submitted. The competition commission officially announced the competition as invalid and submitted the respective report tot eh government for consideration. Prime Minister of Kyrgyzstan Jantoro Satybaldiev dismissed Ishimbai Chunuev from the position of the Geology Agency Chief. Such decision was made by the Prime Minister on 13 June 2013 at the government meeting during discussion of the situation in the mining sector.

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Publication:AKIpress News Agency
Geographic Code:9KYRG
Date:Dec 24, 2013
Previous Article:Energy Ministry of Kyrgyzstan expects start of construction as part of CASA-1000 Project in late 2014.
Next Article:Kyrgyz government projects to receive $2.856 billion from Kumtor joint venture.

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