Gold Reserves in Kyrgyzstan May Reach Up to 4,000 Tons
Kyrgyzstan holds over 5,000 deposits of various minerals, including valuable resources such as gold, rare earth elements, uranium, and thorium. This was announced by Deputy Minister of Natural Resources Narynbek Satybaldiev during a briefing. According to official state data, Kyrgyzstan has just over 1,000 tons of confirmed gold reserves. However, geologists estimate that the country's total potential exceeds 4,000 tons. Many deposits are complex, containing other metals such as antimony, copper, and zinc alongside gold. Satybaldiev highlighted that the recent lifting of a moratorium on deposit development presents new opportunities for mining gold and other strategically important metals essential for the global economy. The Kyrgyz government is developing a comprehensive strategy to fully utilize its mineral resources. The plan includes exploration, mining, and processing initiatives, with a particular focus on rare earth metals. These resources are critical for producing high-tech products and advancing green energy technologies. The implementation of this strategy is expected to boost mining revenues, strengthen Kyrgyzstan's economic independence, and attract foreign investment. In June 2024, Kyrgyzstan lifted a ban on developing uranium and thorium deposits, a restriction that had been in place since 2019. The decision reflects the government’s aim to balance environmental safety with the need to harness strategically important resources for economic growth. The policy change is expected to attract investment, create jobs, and increase revenues from mineral exports.