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Centerra Gold Initiates Arbitration Proceeding Against the Kyrgyz Republic

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Centerra Gold Initiates Arbitration Proceeding Against the Kyrgyz Republic Centerra Gold Inc.May 16, 2021 GMT TORONTO, May 16, 2021 (GLOBE NEWSWIRE) Centerra Gold Inc. (“Centerra”) (TSX: CG) (NYSE: CGAU) announced today that it has initiated binding arbitration against the Government of the Kyrgyz Republic to enforce its rights under longstanding investment agreements with the Government. Centerra seeks to enjoin the Government from taking further steps to implement recently adopted legislation or to pursue recently procured fines and tax claims against the Kumtor Gold Company (“KGC”), all of which violate the Government’s investment agreements with respect to the Kumtor Mine. Centerra also intends to hold the Government accountable in the arbitration for any and all losses and damage that result from its recent actions against KGC and the Kumtor Mine if no resolution is reac

Centerra Gold Initiates Arbitration Proceeding Against the Kyrgyz Republic

Press Release - MINING.COM

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