Authors: N.V. Korobovsky, S.N. Rakhmatov, T.S. Pazylov, K.Z. Kurmanaliev

Title of the article: Analysis of economy and signs of value, mining rent of the KUMTOR gold mine project

Year: 2024, Issue: 2, Pages: 35-46

Branch of knowledge: 5.2.3 Regional and sectoral economics

Index UDK: 338.24+347.4+351.71+553.04

DOI: 10.26730/2587-5574-2024-2-35-46

Abstract: Economic indicators of the implementation of the Kumtor mining project for the period 1996-2020 are characterized by a stable increase in mining performance, production, and cash flows. Associated with rising gold prices. Relatively stable indicators of deductions for taxes and a significant gap in the relative indicators of taxes and deductions for net cash flows for an investor are the main indicator of the practice of valuing subsoil resources of a modern investment institution and practice in the Kyrgyz Republic. Attempts to restructure contractual relations and share profits from the project with a dynamic increase in the price of gold did not reduce this gap in relative and absolute terms. The given economic indicators of the Kumtor project in the valuation of subsoil resources actualize the need to develop and implement the institution of value assessment and mining rent for the owner of the resources.

Key words: Kumtor deposit profit valuation insurance valuation ratios profitability mining rent value

Receiving date: 25.02.2024

Approval date: 06.05.2024

Publication date: 08.08.2024

CITE DOWNLOAD