The reserves of titanium-magnetite and rare earth metals in the vicinity of the Kyzyl Ompol deposit are estimated by scientists from the Polytechnic Institute to be worth up to $300 billion. This was announced by the Chairman of the Cabinet of Ministers and Head of the Presidential Administration, Akylbek Japarov, at a meeting with local government leaders.
Previously in 2019, the Commission on Licensing Issues for Subsoil Use suspended the license 2852 MP of the LLC “UrAsia in Kyrgyzstan” for uranium exploration in the Kyzyl-Ompol area amid protests.
“People were shouting about uranium, but in reality, the uranium reserves are extremely small. There are reserves of titanium-magnetite amounting to 20 million tons. There is zirconium, all rare earth metals. Scientists from the Polytechnic Institute are preparing a preliminary feasibility study. They say that there are minerals worth up to $300 billion just in the vicinity of the Kyzyl Ompol deposit. Rare earth metals are also found in Batken,” said A. Japarov.
The Chairman of the Cabinet of Ministers announced plans to develop the deposits and called on local government leaders to support this policy. According to A. Japarov, the government will not allow the use of environmentally harmful technologies in the development of the deposits.
Note:
The head of the LLC UrAsia in Kyrgyzstan is Igor Alekseevich Mashnev, and the founder is the LLC “Central Asian Uranium Company”. The company was registered on November 14, 2019.
The head of the LLC “Central Asian Uranium Company” is Arsen Shamkhalovich Musaev, and the founders are the LLC “Spectrum” and Alexey Alexandrovich Shulmin. The company was registered on September 8, 2022.
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