Mongolia OKs Centerra’s Gatsuurt project, takes 34% stake

February 4, 2016

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The Mongolian Parliament on Thursday passed a resolution giving the green light for TSX-listed Centerra Gold’s Gatsuurt project to be developed, ending a five-year impasse on the project’s permitting, and authorising the government to complete negotiations with Centerra on the terms of project ownership.
“The parliamentary resolution is a very important next step in advancing the Gatsuurt project. The Gatsuurt project represents an exciting opportunity to use Centerra’s existing Boroo mill and other infrastructure to develop the 1.6-million ounce Gatsuurt deposit with very modest initial capital investment,” Centerra CEO Scott Perry stated.

Category: General