The development of the largest deposit of titanomagnetite, Kyzyl-Ompol, has begun in the Issyk-Kul region of Kyrgyzstan, the press service of the government of the republic reported.
According to the Prime Minister of the Kyrgyz Republic, Akylbek Japarov, the extraction of this valuable resource will be carried out by the state and the sources of financing for the project will be determined soon.
“This is a very important event for Kyrgyzstan. The Kyzyl-Ompol deposit contains millions of tons of titanomagnetite. Titanium is a valuable metal used in various industries, including medicine, aviation and astronautics. The development of this field will allow us not only to increase exports, but also to create jobs, which will boost the development of the country’s economy.” – said.
Japarov stressed that technologies that ensure the safe extraction of associated minerals, such as uranium and thorium, will be used in the extraction of titanomagnetite. These elements, he said, will be exported in strict compliance with international safety standards.
