Kyrgyzstan Expresses Concern Over Centerra Mine Dividend

Kyrgyzstan’s state-owned mining company said it’s concerned about a $200 million dividend payment made to Canada’s Centerra Gold Inc. (CG), the operator of the Kumtor mine.

The payment “has caused concern” at state-owned Kyrgyzaltyn, Kylychbek Shakirov, its deputy chairman of the management board, said today at Centerra’s shareholders meeting in Toronto. The payment to Centerra was made by the mine’s operating company.

“‘Many of the items raised here are part of our ongoing negotiations with the Kyrgyz government,’’ Centerra Chief Executive Officer Ian Atkinson said at the meeting. ‘‘The board is aware that management has responded to the issues raised in writing to the relevant Kyrgyz authorities.’’

To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net

To contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net

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