An industry survey has called Kyrgyzstan one of the world's “least attractive” places for mining companies to invest. In one category, Kyrgyzstan, which is embroiled in a contract dispute with its largest foreign investor, ranked last for "uncertainty concerning the administration, interpretation and enforcement of existing regulations.”
The survey, released February 28 by the Fraser Institute, a non-profit Canadian research outfit, is based on interviews with representatives of 742 mining companies working in 96 jurisdictions (countries, states, provinces) who spent a total of $6.2 billion in exploration worldwide last year.
Fraser uses something called the Policy Potential Index (PPI), “a comprehensive assessment of the attractiveness of mining policies in a jurisdiction, [which] can serve as a report card to governments on how attractive their policies are from the point of view of an exploration manager.”
Overall, Kyrgyzstan ranked 92nd of 96.
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