This EITI Report covers Kyrgyz Republic's extractive sector in 2015, 2016 and 2017. It was published in June 2019 and is available in English and Russian.
The Kyrgyz Republic has significant deposits of coal and gold which contribute significantly to the national economy. The 2015-2017 EITI Report reveals that while its mining sector has been ongoing for many years; extensive mineral developments began only in the last three decades. Since then the extractive industry has seen gradual GDP growth, reaching 10% in 2017.
There are minor oil resources in southern parts of the country but gold extraction continues to be the biggest contributor to the Kyrgyz economy. The biggest gold mine - Kumtor - contributed 9.7% to the Kyrgyz GDP in 2017. The country has minor oil resources in southern parts of the country.
Read more on the national EITI webpage (RU).
In May 2018, the Parliament of the Kyrgyz Republic adopted the Subsoil Law that requires public access to beneficial ownership information and imposes sanctions for non-reporting. The definition includes foreign governments as beneficial owners of companies.
In order to implement the register, the government signed an MoU with OpenOwnership to build a publicly accessible register, aligned with the global beneficial ownership open data standard. The data collected by OpenOwnership is available on the OpenOwnership Register. In September 2019, the State Committee on Industry, Energy and Subsoil Use (SCIESU) finalised the beneficial ownership bylaws which were submitted to the government for approval.
The SCIESU is considering reforming the existing license register to include beneficial ownership information. Currently, SCIESU collects information on company ownership in hard copies as a part of licensing procedures. The information is maintained in the archive of the license department of SCIESU.
Gold and coal extraction are the main commodities produced in Kyrgyz Republic’s extractive sector. There are also deposits of other mineral resources, such as silver, copper, ferrum, mercury, fluorite, tin, tungsten, bismuth, plumbum, zinc, stibium, arsenic, molybdenum and terres rares. The 2015-2017 EITI Report details the location and estimated reserves of these resources.
In 2017, the Kumtor gold mine produced nearly 70% of total gold ore production in the country. Much of the gold is exported to countries such as Switzerland, United Kingdom, United Arab Emirates and Turkey, and contributed USD 700 380 thousand to the state budget in 2017.
According to the latest EITI Report, mining constituted more than half of the country’s industrial production and 10% of its GDP in 2017.
|Gold||566||tons||Gold is a main mineral in Kyrgyzstan, contributing about 8% to the country’s GDP.|
|Coal||2500||MT||Proven coal reserves are 2500 though probable reserves are estimated twice this amount.|
The Kyrgyz Republic EITI is exploring innovative approaches in several areas. The Government of Kyrgyz Republic is following the recommendations from the mainstreaming feasibility study, and the State Committee on Industry, Energy and Subsoil Use is working with Open Ownership on building a beneficial ownership register.
The Kyrygyz Republic joined the EITI in 2007. In 2017, the country was found to have achieved inadquate progress in implementing the EITI Standard. View more information under the Validation section of this page or go to the Board's decision in full. Previously, the country was compliant under the 2011 Rules.
The EITI process is championed by Emil Osmombedov, Head of the State Committee on Industry, Energy and Subsoil Use. Karybek Ibraev, Deputy Chair Head of the State Committee on Industry, Energy and Subsoil Use chairs the national multi-stakeholder group (MSG) supervisory board.
EITI related laws
The government commited to implement the EITI through the Resolution no.361 (May 2004) which established the MSG. Resolution no.317 (Dec 2010) establishes the definition of materiality (companies required to report), further refinements to the reporting process, and governance of the MSG. The revised Law on Subsoil use, 17 September 2012, includes references to EITI.
The Law on Subsoil, amended in May 2018, mandates that extractive companies report according to the EITI Standard, and required companies to disclose their beneficial owners when applying for licenses.
This is the Kyrgyz Republic EITI 2018 Annual Progress Report (in accordance with Requirements 7.4 and 8.4).
This is the Kyrgyz Republic EITI 2017 Annual Progress Report (in accordance with Requirements 7.4 and 8.4).
The EITI International Secretariat has undertaken an assessment of routine online disclosures in the extractive sector of the Kyrgyz Republic to examine the country’s readiness to mainstream EITI implementation.In accordance with the Terms of Reference for a mainstreaming feasibility study, the assessment reviews the extent to which there is:
This is the Kyrgyz Republic EITI 2017-2018 work plan (in accordance with Requirement 1.5).
The Kyrgyz Republic's Validation commenced on 1 July 2016. On March 8 2017, the EITI Board found that the Kyrgyz Republic has made inadequate progress in implementing the 2016 EITI Standard.
The following documentation laid the basis for the Board's decision, attached below:
Initial data collection by the International Secretariat [English] [Russian]Comments from the MSGValidation Report by the independent Validator SDSG [English] [Russian]Industry commentsMSG comments