Kyrgyzstan Says Cooperation with Centerra Unlikely in Mine Clash
- Minister says it’s ‘hard’ to build dialogue with miner
- Centerra says it’s willing to engage with Kyrgyz Republic
A truck loaded with gold ore heads towards the grinding mill of the Kumtor mine, in the Tien Shan mountain range, in Kyrgyzstan.
Photographer: Andrew Caballero-Reynolds/BloombergThis article is for subscribers only.
Future cooperation between Canadian miner Centerra Gold Inc. and Kyrgyzstan’s government in operating a gold mine in the Central Asian nation is unlikely, according to the nation’s finance minister.
The government took over Kumtor mine late last month, using environmental concerns and tax issues to justify the move. It is now the subject of international arbitration initiated by Toronto-based Centerra, while the mine’s operating company Kumtor Gold filed for Chapter 11 bankruptcy in New York on May 31.