Latest Breaking News On - கிர்கிஸ் அரசு - Page 1 : comparemela.com

Kumtor Saga Roils With Additional Arbitration Claims and Scathing Open Letters

Centerra Gold Brings Additional Claims in Arbitration Against the Kyrgyz Republic and Names ...

Centerra Gold Announces Additional Pre-Emptive Actions in Response to the Seizure of the Kumtor Mine by the Kyrgyz Republic

Provided by GlobeNewswire Jun 1, 2021 3:40 AM UTC Subsidiaries Kumtor Gold Company and Kumtor Operating Company Seek Worldwide Automatic Stay Protection via U.S. Chapter 11 Process; Filing Has No Additional Financial or Operational Impact on Centerra Gold or the Other Areas of its Business Company Announces Strategic Review Related to Kumtor Gold Company and Kumtor Operating Company of Alternative Avenues to Maximize Value to Stakeholders TORONTO, May 31, 2021 (GLOBE NEWSWIRE) Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) today announced additional actions to protect the interests of Centerra and its stakeholders in response to the unjustified seizure of the Kumtor Mine by the Government of the Kyrgyz Republic. The actions are designed to preserve the value of Centerra’s wholly owned subsidiaries that own and operate the Kumtor Mine, Kumtor Gold Company (“KGC”) and Kumtor Operating Company (“KOC”), and prevent an

Canada's Centerra Says Kyrgyzstan Refusing to Engage Over Kumtor Mine Dispute – The Diplomat

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 Advertisement 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.

All that glitters: Kyrgyzstan is going to war with a Canadian gold giant over vast profits, torture claims & a 'poisoned' glacier — RT Russia & Former Soviet Union

Gabriel Gavin, in Moscow Nearly three decades ago, Kyrgyzstan signed a deal designed to enrich the mountainous nation and its people. Now though, with warnings of human rights abuses and ecological catastrophe, it appears ready to tear up the agreement. The long-running stand-off over the Kumtor Mine, operated by Toronto-based Centerra Gold, has spilled over into outright conflict. The new president of the Central Asian former Soviet Republic, Sadyr Japarov, a long-time critic of the company, signed a law earlier this month that would allow the state to step in and impose new management on the dig site if investigations determine that it has breached environmental standards. Then, last week, just as Centerra was launching an international legal appeal, Japarov s government moved to take total control of the site and shut out the Canadian firm.