Centerra Gold, Kyrgyzstan closer to solving dispute over Kumtor
Mining News Pro - Canada’s Centerra Gold (TSX: CG) is closer to settling a dispute triggered by Kyrgyzstan’s expropriation of the company’s giant Kumtor gold mine in 2021, after the country’s ministers backed on Monday the government’s decision to solve the issue.
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Kyrgyzstan close to Kumtor out-of-court deal
Mining News Pro - Kyrgyzstan and Canada’s Centerra Gold (TSX: CG) are close to settling a dispute triggered by the state expropriation of the company’s giant Kumtor gold mine, which accounts for a fifth of the ex-Soviet country’s total industrial output.
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Where is the missing Kumtor gold?
Mining News Pro - Canada’s Centerra Gold says the Kumtor mine the Kyrgyz government had expropriated in May has underperformed the 2021 mine plan for June through September by 24%.
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Where is the missing Kumtor gold?
Mining News Pro - Canada’s Centerra Gold (TSX: CG) says the Kumtor mine the Kyrgyz government had expropriated in May has underperformed the 2021 mine plan for June through September by 24%.
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Centerra accuses Kumtor managers of destroying mine's long-term viability
Mining News Pro - Canadian mining company Centerra, whose Kumtor mine the Kyrgyzstan government seized earlier this year, has accused the mine managers of chasing quick profits by mining only high-grade ore, destroying the asset’s long-term viability.
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Centerra warns about water in Kumtor pit, says workers safety at risk
Mining News Pro - Canadian miner Centerra Gold has warned that the Kumtor mine, in Kyrgyzstan, is at risk of potentially catastrophic events, stating that it has seen photographic evidence showing that the mine’s central pit is flooded with abnormally large amounts of water running down the pit walls.
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Kyrgyzstan pressing ahead with removing Centerra from Kumtor
Mining News Pro - Kyrgyzstan has established enough evidence to press on with removing Canada's Centerra Gold from the Kumtor gold mine, the state security service and prosecutors said on Wednesday.
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US bankruptcy court holds Kyrgyz gov’t in contempt over Kumtor seizure
Mining News Pro - The US Bankruptcy Court has ruled the Kyrgyz government is in contempt of court for continuing its legal actions locally against Canada’s Centerra Gold (TSX: CG; NYSE: CCAU) subsidiary, Kumtor Gold Company (KGC).
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Centerra says shareholder conspired to ‘wrongfully expropriate’ Kumtor
Mining News Pro - Canadian miner Centerra Gold has brought additional claims against the government of Kyrgyzstan in its binding arbitration over the “wrongful expropriation” of its Kumtor gold mine.
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Centerra’s Kyrgyz units seek bankruptcy protection over Kumtor mine expropriation
Canada’s Centerra Gold (TSX: CG) announced late on Monday that its Kyrgyz subsidiaries have filed for bankruptcy in New York to protect investors and restructure the company, whose Kumtor gold mine was seized by the former soviet nation last month.
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Former Centerra board member named Kumtor GM
Mining News Pro - Kyrgyzstan has named Tengiz Bolturuk as general manager of the Kumtor gold mine, a day after seizing control of the mine that was formerly operated by Canadian mining company Centerra Gold.
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Canada concerned about Kyrgyz seizure of Kumtor
Mining News Pro - The Canadian government on Monday reacted to Kyrgyzstan’s seizure of the Kumtor gold mine, which Canadian mining company Centerra Gold owns, stating that it was “very concerned” and “disappointed” about developments in the mining industry.
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Kyrgyzstan to temporarily take over Centerra’s Kumtor mine
Mining News Pro - Lawmakers in Kyrgyzstan, home to major gold and copper mines, have passed a bill allowing the state to temporarily seize Centerra Gold’s (TSX: CG) Kumtor mine, the largest gold operation in the Central Asian nation.
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Centerra keeps Kumtor mine running despite political unrest
Mining News Pro - Centerra Gold on Tuesday confirmed that operations at its Kumtor mine will continue uninterrupted following the recent political unrest in the Kyrgyz Republic.
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Centerra Gold says search for missing employees underway at Kumtor mine
Mining News Pro - Canada’s Centerra Gold Inc said on Monday that search operation for two missing workers at its Kumtor gold mine in Kyrgyzstan was underway and that it had temporarily shut the mine as it was focusing on rescue efforts.
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Visit: 853