From Today's Manas Development Update:The Ann provides further...

From Today's Manas Development Update:

The Ann provides further explanation of the restructuring and process being implemented by the new Kygyz government.
Now to see what action comes from it.

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In the Kyrgyz Republic, after the successful completion of the presidential elections, the inauguration of a
new parliament and the recent reform of a number of Ministries; the Kyrgyz Ministry of Natural Resources
has been restructured as the State Agency for Geology and Mineral Resources.

The State Agency for Geology and Natural Mineral Resources will be in charge of licensing and compliance,
and the Ministry for Economy and Investment will be in charge of policy control and regulatory reform for
the Kyrgyz mining industry. A new director and minister for the Agency and Ministry respectively have also
recently been appointed.

As part of the reform strategies to streamline the licensing process, the Kyrgyz Government through the
establishment of a Licensing Commission to supervise the licensing process in the mining sector, has
committed to reducing the number of licences and permits a company is required to obtain before the
commencement of mining.

In another recent positive initiative by the new Kyrgyz government, a working group analysing the current
conditions of the mining industry in the Kyrgyz Republic has been formed to recommend reforms which will
be designed to immediately stimulate investment into the mining sector.

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intsol