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MINING AND PROCESSING INDUSTRY OF THE KYRGYZ REPUBLIC
ArticleName Prospects of development in the mining industry of the Kyrgyz Republic
DOI 10.17580/gzh.2016.08.01
ArticleAuthor Kozhogulov B. K.
ArticleAuthorData

Ken Too Design and Research Center, Bishkek, Kyrgyzstan:

B. K. Kozhogulov, Executive Officer, Candidate of Economic Sciences, bamb25@yandex.ru

Abstract

Kyrgyzstan possesses huge mineral wealth but spends the resource potential drastically ineffectively. The reasons are, in particular, under-appraisal of natural reserves and inappreciation of the environment and health damage. This article analyzes prospects of different branches of industry in the Kyrgyz Republic such as mining of iron ore, tin, coal, nepheline syenite and silicium as well as stone quarrying and dressing. The high level of geological exploration of the Kyrgyzstan territory and the numerosity of explored mineral deposits entered on the state balance register enable forecasting advance in the mining industry and evaluating feasible contribution in the national economy. The mining industry development forecasting uses economic modeling of promising industrial branches in the Republic. The cost estimation of subsoil use subjects is based on distinct assumptions on capital costs and current charges, production sales level, prices and project time framework. The evidence of financial modeling of mineral mining shows that the mining industry can have deep influence on positive dynamics in the national economy and on long-term sustainable development of the country.

keywords Kyrgyzstan mining industry, geological exploration of territory, minerals, mining, economic modeling, development prospects, investments
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