Kyrgyzstan reaches deal to take control of gold mine

Published by
Al-Araby

Kyrgyzstan reached an agreement with Canada’s Centerra Gold to take full control over the long-contested Kumtor gold mine, the ex-Soviet country’s president and the company said on Monday. “Kumtor has fully passed into Kyrgyzstan’s ownership,” President Sadyr Japarov said in a televised national address that came almost a year after Kyrgyz authorities seized control of the gold mine, prompting Centerra to file for international arbitration. “An amicable agreement has just been signed… Congratulations to the people of Kyrgyzstan on this achievement,” Japarov said. “This is truly a turning point…

Read More