Kyrgyz parliament takes up debate on Kumtor’s nationalization bill
Kyrgyz parliament takes up a debate on the Kumtor mine's nationalization bill, which will be considered by the Communist Party fraction on Wednesday.
The bill, developed by the parliament's spokesman Kubanychbek Isabekov, was introduced to the parliament in autumn 2008 but its discussion was delayed by the fuel-energy complex and subsoil resources committee. Yury Danilov the committee's leader as a reason for delay mentioned the official letter of Iskenderbek Aidaraliev, the vice-Prime Minister of Kyrgyzstan, who wrote that the parliament's decision on this issue was not ready and was in adjustment phase, reported 24.kg.
The bill's draftsman Kubanychbek Isabekov accepted the committee's action but suggested his colleagues to discuss the document, if the governmental commission will not announce its decision.
According to this bill, the Kyrgyz government will consider an opportunity to nationalize all Kumtor Gold Mine's plants and property, to buy out all shares, owned by foreign companies. But how much may it cost for the republic nobody can tell.