Uncertainty surrounds Centerra’s main producing asset in 2016

February 25, 2016

Responsive image

Significant uncertainty hangs over Canadian miner Centerra Gold’s flagship Kumtor mine, in the Central Asian Republic of Kyrgyzstan, as the company’s only currently operating mine faces legal and regulatory headwinds this year.
In reporting its fourth-quarter and full-year 2015 financial results late on Wednesday, Centerra stated in regulatory filings that its Kyrgyz subsidiary Kumtor Gold Company (KGC) had on December 25 received a $5.8-billion legal claim filed by the Green Party of Kyrgyzstan, alleging environmental and glacier pollution.

Category: General