Kyrgyzstan Auctions Three Mineral Deposits in Issyk-Kul Region

Kyrgyzstan is taking proactive steps to develop its natural resources by offering lucrative mineral deposits through public auctions. The Kyrgyz Geological Service has announced an auction for licenses to explore and utilize three promising sites in the picturesque Issyk-Kul region. This initiative underscores the nation's commitment to economic growth and attracting investment in its mining sector.

The auction includes the Kurmentinskoye deposit, rich in loam, located in the Tүп district; the Kurgaksaï deposit, abundant in gypsum, in the Tоң district; and the 'Tsentralnoye' site within the Soguty deposit, which boasts kaolin and quartz sandstone. These diverse offerings present unique opportunities for both domestic and international investors.

The starting bids for these valuable licenses have been set competitively, with the Kurmentinskoye deposit at 7,300 som, Kurgaksaï at 4,000 som, and the 'Tsentralnoye' site at 55,100 som. The auctions are scheduled to take place on June 11 and 12, 2026, with a strict application deadline of June 8, 2026. Interested parties are urged to submit their documents to the Kyrgyz Geological Service, signaling a transparent and organized process.

This move by the Kyrgyz government is a clear indication of its strategy to leverage its geological wealth for national development. By making these resources available through a fair bidding process, Kyrgyzstan aims to foster economic activity, create jobs, and enhance its resource-based industries, ultimately contributing to the prosperity of the nation and the Issyk-Kul region.

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Three deposits in the Issyk-Kul region have been put up for auction.