EDB to help finance Jerooy gold mine development in Kyrgyzstan
BISHKEK (TCA) — Eurasian Development Bank (EDB) and Alliance Altyn on June 22 signed a letter of intent to cooperate in Jerooy gold mine development in Kyrgyzstan. Continue reading
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Centerra comments on renewed probe into Kumtor agreements
BISHKEK (TCA) — After Kyrgyzstan President Almazbek Atambayev last week ordered the General Prosecutor’s Office to renew the investigation into the legality of the 2003-2004 and 2009 agreements governing the country’s largest gold project, Kumtor, Canada-based Centerra Gold Inc. has made a statement to make its “position on this matter to be clear so as to avoid any misinformation or misunderstanding”. Continue reading
Standoff between Kyrgyzstan and Centerra over Kumtor continues
BISHKEK (TCA) — Canada-based Centerra Gold, which is developing the Kumtor gold mine in Kyrgyzstan, has reported on more legal proceedings in Kyrgyzstan and restrictive measures imposed by Kyrgyz courts and state authorities on Centerra’s Kyrgyz subsidiaries and senior management personnel. Continue reading
Centerra ‘strongly disputes’ Kyrgyzstan’s claims concerning Kumtor
BISHKEK (TCA) — Kumtor Gold Company, which is developing Kyrgyzstan’s Kumtor gold mine, presented results for the first quarter of 2016 at a press conference on May 27 in Bishkek. Continue reading
Kyrgyzstan’s Kumtor mine decreases gold output in Q1 2016
BISHKEK (TCA) — Canada-based Centerra Gold Inc. and Kumtor Gold Company (KGC) have summed up their operating results in the first quarter of 2016 for the Kumtor gold mine in Kyrgyzstan. In the first three months of 2016, KGC produced 86,444 ounces or 2688.7 kg of gold and contributed more than 1.6 billion soms in taxes and mandatory payments to Kyrgyzstan’s state budget, Kumtor Gold Company said on May 19. Continue reading
Daesh (IS) and criminal syndicates after the gold of Central Asia
LONDON (TCA) — Recent reports from various sides concerning the increasing lack of cash flow for Daesh (IS) in the Near East due to difficulties in its Turkish oil smuggling chain add a new dimension to the already existing threat of extremist forces’ concentration in Afghanistan bordering the southern republics of Central Asia. Ever increasing assessments of the area’s world-class gold mining reserves must have drawn the attention of gang leaders of Taliban, Al-Qaeda and Daesh looking for alternative baits and a motive behind their “spring offensive” in Afghanistan and beyond. Continue reading
