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๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan /Economy & Trade

Temir Sariev calls statements on Zhetim-Too's high profit premature

From 24.kg · () Russian

Translated from Russian, summarized and contextualized by DistantNews.

At a glance

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  • Former Prime Minister Temir Sariev stated that assessing the profitability of the Zhetim-Too deposit is premature.
  • He emphasized the need for a complete feasibility study before evaluating the project's potential.
  • Sariev commented on statements made by Tengiz Bolturuk regarding the deposit's prospects.

Former Prime Minister Temir Sariev has cautioned against premature assessments of the profitability of the Zhetim-Too mining deposit. He asserted that evaluating the economic viability of the project without a comprehensive technical and economic feasibility study is unwarranted.

Sariev's remarks were a direct response to statements made by Tengiz Bolturuk, who had commented on the development prospects and estimated costs associated with the Zhetim-Too field. The former prime minister stressed the importance of thorough technical and economic analysis before making definitive claims about the project's financial success.

His comments highlight the complexities involved in resource development and the need for rigorous due diligence. The Zhetim-Too deposit is a significant potential asset, and its successful exploitation hinges on careful planning and accurate assessments of its economic and technical feasibility.

DistantNews Editorial

Originally published by 24.kg in Russian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.