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Kyrgyzstan: Political unrest includes attacks on foreign-owned mines allegedly benefitting from natural resources at the expense of local population
Wave of attacks on foreign owned gold mines amid Kyrgyzstanâs political upheaval. 7 October 2020.
Kyrgyzstan has seen a wave of attacks on foreign-owned gold mines across the country amid the nationwide political unrest-turned-coup that is ongoing in response to the weekend s disputed parliamentary election results.
Much of the political violence directed at the gold mines was intertwined with longrunning anger among Kyrgyz citizens who perceive foreign-owned entities as unduly benefitting from Kyrgyzstanâs natural resources at the expense of the population. The country is home to flagship open pit gold mine Kumtor, operated by Canadaâs Centerra Gold, which is the single largest contributor to the Central Asian nationâs GDP, of which it generates around one-tenth.Â
5 Copper Stocks With Plenty of Prospects in 2021 and Beyond Zacks.com 12/23/2020
The COVID-19 pandemic is being hailed as “a crisis like no other” and rightly so, as evident from its crippling impact on the global economy. Given its widespread use, copper has long been considered as a bellwether for the global economy. Consequently, it did not come as a surprise when copper prices took a beating as the pandemic ravaged the global economy in the earlier part of the year. However, the metal soon bounced back courtesy of supply worries, recovery in the industrial activity and strong demand in China, which is the top customer.
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