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Centerra pursuing 'all measures' after Kyrgyzstan seizes gold mine

Centerra pursuing 'all measures' after Kyrgyzstan seizes gold mine
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Centerra says Kyrgyz units seek bankruptcy after mine seizure

Centerra Gold Inc on Monday said Kyrgyzstan units Kumtor Gold Co and Kumtor Operating Co have commenced bankruptcy proceedings in a US court following nationalization of the miner's Kumtor gold mine by the former Soviet republic. ....

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Canada's Centerra Gold says Kyrgyz units seek bankruptcy after mine seizure


Canada s Centerra Gold says Kyrgyz units seek bankruptcy after mine seizure
06/01/2021 4:00
TORONTO (Reuters) - Canada s Centerra Gold Inc on Monday said Kyrgyzstan units Kumtor Gold Co and Kumtor Operating Co have commenced bankruptcy proceedings in a U.S. court following nationalization of the miner s Kumtor gold mine by the former Soviet republic.
Centerra said the Chapter 11 filing would have no financial or operational impact on it or any other areas of its business, including the Mount Milligan mine in Canada, the Oksut Mine in Turkey and its molybdenum business in North America.
Kumtor, Kyrgyzstan s largest foreign investment project, was operated by Centerra. However, the government of the Central Asian country seized the mine, prompting the Canadian miner to seek redress in an international court. ....

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Canada's Centerra pursuing 'all measures' after Kyrgyzstan gold mine seizure - CEO


By Reuters Staff
1 Min Read
TORONTO, May 18 (Reuters) - Canada’s Centerra Gold is taking all measures possible to protect shareholder rights and is seeing good support from the Canadian and UK governments, Chief Executive Scott Perry said on Tuesday, a day after Kyrgyzstan seized control of the company’s Kumtor gold mine.
Kyrgyzstan’s parliament voted Monday to take over the gold mine, the country’s largest, after Centerra said it would take the government to an international court.
Reporting by Jeff Lewis Editing by Chizu Nomiyama ....

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