Kazakhstani Visor discredited itself on Dzheruy project- head of authorized agency of Kyrgyzstan
Almaty. October 22. KazTAG - Kazakhstani company Visor on the project of gold ore field Dzheruy discredited itself in Kyrgyzstan, said Duishenbek Zilaliyev, director of state agency on geology and mineral resources.
"It is early to talk that there won't be a purchaser, vise versa according to preliminary information there are investors who comply with the conditions. Nobody has applied officially yet. But we are quite sure the auction will take place," said Zilaliyev, commenting the statement of President of association of miners and geologists of Kyrgyzstan Orozbek Duisheyev that the auction won't take place.
The head of the department disagrees with opinion of Duisheyev that it is necessary to return the license on Dzheruy development to Visor company which filed a lawsuit against the Government of Kyrgyzstan to $400 mln. According to preliminary conditions the future investor must cover legal costs, but the court has not taken the decision yet and the process may be long.
"In my humble opinion Visor has discredited itself," he said.