riddler22 Jun 2011 14:48
Here's the likely reason for the CGH sp fall
Subsurface resources to become exclusive domain of the state
21/06-2011 13:10, Bishkek – 24.kg news agency , by Julia MAZYKINA
In Kyrgyzstan, subsurface resources will become exclusive domain of the state, Minister of Natural Resources Zamirbek Esenamanov said at today’s session of parliamentary Committee on Fuel and Energy Complex and Subsurface Use.
He said that Subsurface Resources Law must be brought in line with new Constitution. The Minister noted that amendments were aimed at budgetary recharge and rational subsurface use: the right for the richest minefields development will be realized at the domestic tender.
As chairman of the committee Azamat Arapbaev noted, last year the subsurface resources were divided into municipal and private ones. When the law be amended, all the subsurface resources will belong only to the state. In addition, there is a new norm, according to which information about subsurface resources is the property of mining company for the period of license validity. After license termination, state receives all the information.
Deputies endorsed the draft law and recommended to consider it at plenary session of the Kyrgyz Parliament