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IBC and subsoil users discuss the preparation of feasibility studies and reserve recalculation

IBC
July 29, 2026

On July 28, 2026, a working meeting was held at the Kyrgyz Geological Service of the Ministry of Natural Resources, Ecology and Technical Supervision of the Kyrgyz Republic with the participation of representatives of government agencies and mining companies – members of the International Business Council.

During the meeting, practical and legal issues related to the development and presentation of feasibility studies of conditions (FS of conditions), as well as the recalculation of mineral reserves, were discussed.

Business representatives expressed concern over the demands that the Ministry sent to mining companies in response to a request from the Prosecutor General's Office of the Kyrgyz Republic.

In accordance with the specified requirements, enterprises must ensure the development and submission of feasibility studies of conditions taking into account changes in prices for mineral raw materials and products, recalculate mineral reserves by deposit, and update the cutoff grade level.

Subsoil users noted that the Kyrgyz Geological Service initially set a deadline of December 31, 2026, for completing the relevant work. However, in March 2026, the companies received a second request, shortening the deadline to July 1, 2026. Thus, the companies were given less than four months to complete the complex set of geological, technical, and economic work.

Businesses believe that conducting such work in a short timeframe could negatively impact the quality of calculations and lead to a distortion of information about mineral reserves in the Kyrgyz Republic.

Participants also drew attention to the need to ensure clear and legally sound procedures for conducting the recount. According to subsoil users, the document establishing the procedure, grounds, and procedures for the relevant work has not been registered with the Ministry of Justice of the Kyrgyz Republic and has not been included in the State Register of Regulatory Legal Acts. This circumstance raises questions regarding its legal force and applicability to subsoil users.

Business representatives emphasized their support for the need to update data on mineral reserves and improve state accounting of the mineral resource base. However, such work must be based on clear and uniform requirements, within a realistic timeframe, and taking into account the technical capabilities of enterprises.

Following the meeting, participants noted the importance of continuing constructive dialogue between government agencies and subsoil users to develop coordinated approaches that will ensure the accuracy of calculations, compliance with legislation, and improving the investment attractiveness of the mining industry in the Kyrgyz Republic.