#Kyrgyzstan #Bishkek #Chaarat Gold #Kyzyltaš #Tulkubaš

International Investors Raise Alarm on Tulkubaš and Kyzyltaš Mining Developments

In a recent statement, a coalition of international investors, heavily invested in the Tulkubaš and Kyzyltaš mining assets, voiced significant concerns over recent developments concerning Chaarat Gold Holdings Limited. This announcement underscores their long-term commitment to the Kyrgyz Republic and highlights their focus on transforming these mining operations into models of modern, transparent practices within the industry.

The group has long partnered with the Kyrgyz government, driven by a shared vision to utilize the natural resources of Kyrgyzstan to foster employment, develop critical infrastructure, and achieve responsible economic growth. They have consistently aimed to ensure that these resources provide long-term benefits to the Kyrgyz people. Recent news of a proposed sale of Chaarat Gold's stake in these assets has escalated worries over a series of troubling actions related to these important resources.

The investors' unease centers not only on the sale itself but also on the apparent disregard for the rights and interests of long-term investors during the decision-making process. Their statement makes it clear that they will not sit idly by in the face of these developments.

The reputation of Kyrgyzstan’s mining sector serves as a critical national asset. Adhering to international best practices and respecting stakeholder rights is pivotal for nurturing investor confidence in the region. Any deviation from these principles could jeopardize this trust and the future integrity of the mining landscape in Kyrgyzstan.

The investors reaffirm their commitment to supporting the growth of the Kyrgyz mining sector, emphasizing that this growth should be underpinned by fairness for all stakeholders, respect for local communities, and strict adherence to Kyrgyz laws and national sovereignty.

In their statement, the group announced their intention to pursue legal measures to protect their rights and ensure the integrity of both the Kyrgyz mining sector and international investments within the country. Their ultimate goal is to handle these assets with the respect and care they deserve given their significance to the Kyrgyz economy.

Importantly, they call for complete transparency surrounding the sale, urging scrutiny of the events leading up to it, and expect all parties involved to fully comply with their legal obligations. The investors invite all stakeholders impacted by these developments or those with a vested interest in the future operations at Tulkubaš and Kyzyltaš to join them in advocating for transparency, fairness, and accountability.

As these pressing concerns unfold, the coalition remains dedicated to safeguarding the integrity of Kyrgyzstan’s mining sector, emphasizing its crucial importance for the national economy and the international investment climate.