Recently, Xinjiang Katie Mining Investment Co., Ltd. and Merrill Lynch Resources Co., Ltd. signed a number of cooperation agreements with relevant departments of Kyrgyzstan in Bishkek to invest in the exploration and exploitation of mineral resources in Kyrgyzstan. According to a senior official of Merrill Lynch Resources Co., Ltd., China Katie and Merrill Lynch will invest huge sums of money to develop mineral resources such as Jiguo Jietim Iron Mine, Clark Zike Left Bank Gold Mine, Nasov Gold Mine and Salebrak Deposit.
It is reported that the Jietim Iron Mine is located in the Narun Valley near the border with China in the southeast of Kyrgyzstan. The mining area is 46 kilometers long from east to west with a total area of more than 260 square kilometers. According to the relevant geological data of the former Soviet Union, the predicted resources of Jietim Iron Mine are 5.4 billion tons, and the prospective resources exceed 654.38+000 billion tons. It is the largest iron ore in a single ore belt in Asia and has great economic value. Merrill Lynch experts said that Jietim Iron Mine can "ensure that an iron and steel enterprise with an annual output of 30 million tons exceeds the iron ore demand of 100". At present, Merrill Lynch has obtained the exploration right of the iron ore.
Ji chudinov expressed his hope that China would invest in developing coal mines, mining nonferrous metals and rare metals, and developing transportation infrastructure in China.
According to relevant sources in Kyrgyzstan, China's investment in developing mineral resources in Kyrgyzstan will promote the rapid growth of industrial production in Kyrgyzstan and bring a lot of employment opportunities to the local area, which is very valuable in the current global economic crisis.