International Investors Voice Concerns Over Chaarat's Asset Management in Kyrgyzstan

Concerns Raised by International Investors in Kyrgyzstan's Mining Sector

On February 24, 2026, a collective of international investors issued a statement regarding their investment in the mining assets located in Tulkubash and Kyzyltash, in the Kyrgyz Republic. This group has invested through Chaarat Gold Holdings Limited, a company that has been pivotal in the mining operations in these regions.

The crux of the issue arises from Chaarat's recent announcement concerning the sale of its stake in these assets to Silvercorp Metals Inc., which involved the transfer of its shares in Chaarat ZAAV CJSC. The investors expressed profound concern regarding the governance and management of the Tulkubash and Kyzyltash operations, particularly in the wake of this announcement.

While the sale itself may be part of a broader strategy for Chaarat, the group of investors is particularly apprehensive about the implications for their investments. There are worries that the sale could destabilize the oversight and operational efficacy of the mining facilities, which are crucial to the local economy and the stakeholders involved.

In light of this situation, the group has pledged to take all necessary measures to protect its interests. This could involve legal consultations and potential actions to ensure that the transition process related to the asset sale does not adversely affect either the mining operations or the financial interests of the investing stakeholders.

Investors directly impacted by the changes in Chaarat's management and operational stance are encouraged to reach out to Cleary Gottlieb Steen & Hamilton LLP for further guidance and support. The firm is acting as the legal advisor to the group, ensuring that all queries and concerns are adequately addressed during this transitional period.

This situation highlights the ongoing complexities and challenges in the mining sector of the Kyrgyz Republic, where foreign investments play a crucial role in the economic landscape. As the market dynamics shift, investor confidence will be essential for sustaining growth and development in the region's mining operations.

Mining, particularly in resource-rich countries like Kyrgyzstan, requires a careful balancing act between foreign interests and local governance. This incident serves as a reminder of the potential volatility that can arise when significant ownership changes occur within key industries. Stakeholders will be closely monitoring developments as Chaarat navigates this critical juncture in its operational framework.

In conclusion, while the sale may open new opportunities for Chaarat and potentially for Silvercorp Metals, it is imperative that transparent and effective management practices are upheld to maintain stability in the Tulkubash and Kyzyltash mining operations. The international investors' voice is a substantial one, signifying a collective commitment to safeguarding their investments and potentially shaping the future of Kyrgyz mining.