Funds discovered for Zhetim-Too development, says Daiyrbek Orunbekov

Kyrgyzstan has reportedly found a source of funds for the development of the Zhetim-Too iron ore deposit, according to the head of the presidential press service, Daiyrbek Orunbekov. He also dismissed rumours that the government was planning to transfer the deposit to China to pay off public debt. A metallurgical plant will be built with the funds, which will employ local residents, and no foreign companies will be involved. The Zhetim-Too deposit is expected to bring more revenue to the state than Kumtor. The exploration work is ongoing, and development will begin as soon as it is completed.

 

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