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TASHKENT (TCA) — A modern high-tech production complex is to be created in Uzbekistan’s Navoi region in the coming years to produce gold and silver dimensional ingots, the Jahon information agency reports. Continue reading
ASTANA (TCA) — Polymetal International plc on June 26 announced the start-up of the new Kyzyl mine in Kazakhstan ahead of schedule and below budget. Continue reading
BISHKEK (TCA) — Centerra Gold Inc., the Canadian-based gold mining company which operates the Kumtor gold mine in Kyrgyzstan, has commented on a news release issued on April 24 by Chaarat Gold Holdings Limited and called it “market speculation”. Continue reading
BISHKEK (TCA) — Centerra Gold Inc., the Canadian-based gold mining company which operates the Kumtor gold mine in Kyrgyzstan, on April 20 announced that it has agreed with the Government of the Kyrgyz Republic to extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date is the date by which all conditions precedent to the completion of the Strategic Agreement are required to be satisfied and it has been extended by agreement of the parties from April 20, 2018 to May 31, 2018. Continue reading
BISHKEK (TCA) — The Embassy of China in Kyrgyzstan has asked the Kyrgyz Foreign Affairs and Internal Affairs Ministries to conduct a fair investigation and protect Chinese investors, after hundreds of residents of the country’s Toguz-Torou district set several buildings of the Kyrgyz-Chinese joint venture Makmal GL Developing ablaze on April 11, 24.kg news agency reported. On April 11, locals broke into the territory of Makmal GL Developing and set a gold-processing plant on fire near the town of Kazarman in the Toguz-Torou district of the Jalal-Abad province in the south of Kyrgyzstan. They did not allow the firefighters to extinguish the fire. According to official reports, protesters burned two large KamAZ trucks, excavators, a mobile crane, containers, and an administrative building of the company. Three policemen were injured in the riots. According to the company, $5 million worth of equipment was burnt. Violent protest The main reason for the protest was the fear of the environment violation if the plant starts operating. The protesters said that the company's management has not fulfilled their demands, and began to set fire to the buildings. According to some estimates, about one thousand protesters participated in the riot. The protesters also threw stones at policemen and members of the Commission of the State Inspectorate for Environmental and Technical Safety, who arrived in Toguz-Torou to conduct outreach work with the local population. After the incident, Prime Minister Sapar Isakov fired akim (head of administration) of the Toguz-Torou district Tilek Idrisov. Next to the new plant, there is a Makmalzoloto plant which uses cyanide to extract gold. The new plant in Kazarman planned to extract gold using modern ecologically friendly technologies without cyanides. The commission was to study the impact of the plant on the environment and then give its conclusion whether the plant will work or not. However, the commission could not complete its work due to the riot. Prime Minister Isakov ordered the Ministry of Internal Affairs to conduct a thorough investigation into the arson of the gold-processing plant, stressing the inadmissibility of such actions of spoiling of private property. The Ministry has instituted criminal proceedings for disorderly conduct, deliberate destruction or damage to others’ property by arson, and mass riots. The police fully control the situation in the region, the Interior Ministry reported. Construction permitted According to the State Inspectorate for Environmental and Technical Safety, Makmal GL Developing has permission to build a gold-processing plant, and only the environmental issue hindered the launch of the plant. The company has not yet submitted the results of the environmental assessment, said Ulan Ryskulov, Chairman of the State Committee for Industry, Energy and Subsoil Resources. After the assessment, the Committee planned to inform the local population whether the enterprise meets the environmental requirements or not. However, local residents, not waiting for the results, began to destroy the company’s property. It is not yet known who initiated the riots, but it looked like a preplanned action, because people came out with posters. The relevant authorities should...
BISHKEK (TCA) — Canadian Centerra Gold Inc intends to invest about $25 million in further geological exploration to extend the life of the Kumtor gold mine in Kyrgyzstan, Chief Executive Officer of Centerra Gold Inc., Scott Perry, said during his meeting with Prime Minister of Kyrgyzstan Sapar Isakov on April 4. Continue reading
