#Kyrgyzstan #Bishkek #Tulkubash #Kyzyltash #Chaarat Gold

Concerns About the Tulkubash and Kyzyltash Mining Assets

A group of international investors has recently raised major concerns regarding the ongoing developments surrounding the mining assets at Tulkubash and Kyzyltash. This statement comes in the wake of announcements regarding the proposed sale of Chaarat Gold Holdings Limited's stake in these significant resources.

The investors have made considerable investments and have dedicated many years to the development of these mining assets, showcasing a commitment not only to profit but to the local community and the environment as well. Their vision has always been to transform these projects into a benchmark of modern mining operations that are transparent and recognized globally.

These investors view the proposed sale as the culmination of a deeply troubling sequence of actions and decisions that threaten both the integrity of the assets and the trust that investors place in Kyrgyzstan’s mining sector. They assert that any deviation from internationally accepted practices and the rights of long-term investors poses a risk to the overall investment climate in the nation.

The reputation of Kyrgyzstan’s mining industry is seen as a national asset, vital for fostering international investment. Maintaining adherence to established protocols and respecting stakeholder rights is paramount to strengthening this trust.

The group remains committed to supporting the growth of the mining sector in Kyrgyzstan but insists that this growth must come with fairness for all stakeholders involved. They advocate for true partnerships with local communities and complete respect for the country’s legal framework and national sovereignty.

In order to safeguard their rights and protect the integrity of the mining sector, the group has indicated they will pursue all available legal avenues. Their objective is to ensure that the assets in question are treated with the respect and care they merit, reflecting their crucial role in the Kyrgyz economy.

Furthermore, the investors are demanding full transparency about the sale of these assets, including the events leading up to this decision. They expect all involved parties to strictly comply with their legal obligations.

The statement culminates in an invitation for all stakeholders interested in the future of the Tulkubash and Kyzyltash deposits to join them in advocating for transparency, fairness, and accountability in this process. They believe that only through such concerted efforts can the rightful value of these resources be realized for the benefit of the Kyrgyz people.

For any further inquiries or legal matters, interested parties are encouraged to contact the group’s legal advisor, Cleary Gottlieb Steen Hamilton LLP, to ensure that all actions taken are in the best interest of all stakeholders involved.