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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
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
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
BISHKEK (TCA) — This time the clash between Kyrgyzstan’s authorities and the operator of the country’s largest gold mine and core moneymaker Kumtor Gold seems to be more serious than previous ones. At stake is close to $200 million in dividends paid by Kumtor to its parent company in Canada back in early 2013 and withheld by the latter to its shareholders citing a “charge” for “de-recognition” of mining assets during the summer of the previous year. Perfectly legal, the mining company argues. A corporate kickback in the eyes of the Kyrgyz prosecutors, though. Continue reading
BISHKEK (TCA) — Kumtor Gold Company has said that its two vice presidents — Mark Burton, Vice President, Finance, and Leslie Louw, Vice President, Procurement and Logistics — have left Kyrgyzstan to take their long-planned vacations that had been approved back in January and March 2016. Continue reading
BISHKEK (TCA) — Canadian based gold mining company Centerra Gold Inc. says that the Kyrgyz Republic General Prosecutor’s Office (GPO) and other state law enforcement agencies conducted a search at the Bishkek offices of Kumtor Gold Company (KGC), Centerra’s wholly-owned subsidiary, in the afternoon of April 28. Continue reading
