Wedoany.com Report on Feb 9th, Kyrgyzstan's proven mineral resources are valued at a staggering $177 billion, but development remains insufficient, indicating vast potential. This information was revealed by the Executive Director of the International Business Council, Serikov, at the B5+1 Business Forum held in Bishkek.

Forum information shows that Kyrgyzstan has over 1,020 registered mineral deposits covering 51 types of mineral raw materials, but less than half of them are currently being developed. Among the 22 critical minerals owned by Kyrgyzstan, only 7 are currently being actively exploited. The total value of mineral resources in the entire region is estimated to be between $1 trillion and $1.5 trillion.

Data indicates that investment in geological exploration yields significant returns, with every $1 invested in acquiring geological data generating $7.3 in revenue.

To achieve efficient resource utilization, the forum focused on discussing the "National Critical Mineral Industry Development Plan until 2030." This plan aims to promote the digital transformation of the industry and introduce international reporting standards. Specific development measures include:

1. Transitioning to the JORC international standard.

2. Promoting the digitization of licensing procedures.

These measures are designed to help Kyrgyzstan integrate into the global raw material supply chain for the energy transition and high-tech industries.