By Jeff Smele, Director
Jeff Smele who is Team Leader for this EBRD sponsored project in Kyrgyzstan has just returned from the country where they project consortium team (WYG International and CEPMLP Dundee) have presented the firat two workshops in this capacity developing project.
The global mining industry is characterised by very high investment risk and capital intensity and to be successful in this market, the Kyrgyz Republic and its institutions will have to outperform other resource rich countries in terms of attractiveness and conduciveness of the legal, business, regulatory and security climate to attract such investment. Currently a number of impediments stand in Kyrgyz Republic’s way and among them are deficiencies in the legislative base for the sector and capacity of the authorities to effectively implement best practice regulation in Kyrgyz Republic.
An upgrade of the knowledge and skills of the regulatory authorities is essential to implement best practice regulation effectively in the mining sector in Kyrgyz Republic. To date, regulation has been characterised by ad hoc negotiations in the award of licenses and concessions, together with technical and administratively based regulatory oversight. Modern, best practice, regulation of the sector involves integrated economic, legal, financial, environmental and technical oversight, by a coordinated and multi-disciplinary regulatory structure.
In addition to the workshops the project will provide advice on a range of specific mining sector topics for example ‘Assist the Implementation of a Remediation/Reclamation Framework for Mines’ and ‘Support the Development of a Manual on Mining Development Design’