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Canada’s Centerra Says Kyrgyzstan Refusing to Engage Over Kumtor Mine Dispute
Centerra’s Kyrgyz subsidiaries filed for Chapter 11 bankruptcy in the United States as the company seeks to talk things out with Bishkek.
June 02, 2021
A view of the Kumtor gold mine, in Kumtor 350 kilometers east of Bishkek, Kyrgyzstan, Friday, May 28, 2021.
Credit: AP Photo/Vladimir Voronin
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Last month, the Kyrgyz government moved to seize control of the country’s single most lucrative asset the Kumtor Gold Mine. Kumtor’s operator, the Canadian mining firm Centerra Gold, has stated it will seek international arbitration. In the meantime, on May 31 the company announced its subsidiaries, Kumtor Gold Company and the Kumtor Operation Company, had filed for Chapter 11 bankruptcy in the United States “to protect the interests” of the company and “prevent any further efforts by the Kyrgyz Government to strip” the mine of its assets.