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BISHKEK (TCA) — The European Bank for Reconstruction and Development (EBRD) is extending a US $75 million loan for the development of Canada-based Centerra Gold Inc’s Öksüt open-pit gold mine in the central Turkish region of Kayseri. It is part of an existing US $150 million project financing facility with UniCredit, the EBRD Press Office said. Continue reading
ASTANA (TCA) — Polymetal International plc has announced the completion of the acquisition of Orion Minerals LLP, the holding company for the Komarovskoye Gold Deposit in Kazakhstan, from Kazzinc LTD, a subsidiary of Glencore plc. Continue reading
BISHKEK (TCA) — Kyrgyzstan’s mining industry has been deteriorating for years and the situation has become critical but the government has not paid much attention to it. For more than 20 years since independence, the industry’s management capacity has been worsening, members of the Association of Miners and Geologists of Kyrgyzstan said at a press conference in Bishkek. Continue reading
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
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
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
