Investors Voice Concerns Over Chaarat Gold's Sale of Mining Assets

A group of international investors expressed serious concerns about recent developments involving Chaarat Gold Holdings Limited's Tulkubash and Kyzyltash mining assets. The Group, which has been a devoted partner to the Kyrgyz Republic, aims to ensure the natural resources deliver long-term benefits through job creation and development.

The investors are troubled by the proposed sale of Chaarat's interest in these assets, viewing the process as troubling and dismissive of longstanding investors' rights. They emphasize Kyrgyzstan's mining sector's significance and the need for adherence to international best practices.

The Group remains dedicated to fostering Kyrgyzstan's mining growth, advocating for fairness and respect for Kyrgyz law. Legal measures are being pursued to protect their rights and the sector's integrity, ensuring transparency in the sale process and calling for all parties to meet their obligations.