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Centerra sues former director over Kumtor mine expropriation


Centerra sues former director over Kumtor mine expropriation
Operations at the Kumtor mine 350 km southeast of the Kyrgyz capital Bishkek. Credit: Centerra Gold.
Centerra Gold (TSX: CG) has sued the new external manager of its Kumtor mine, which was seized by Kyrgyzstan last weekend, claiming that he conspired to steal the asset from the company while he was a director.
The Toronto-based miner alleges that former board member Tengiz Bolturuk, secretly co-operated with Canadian and U.S. lawyers, as well as with the government of Kyrgyzstan to stage the mine expropriation, it said in a statement.
In the suit, filed in the Ontario Superior Court on May 20, Centerra claims that Bolturuk, a dual Canadian and Kyrgyz citizen, breached his duty of loyalty and confidentiality to the company by going behind its back. ....

Tengiz Bolturuk , Canaccord Genuity , Dalton Baretto , Scott Perry , Kumtor Gold Company , Ontario Superior Court On , Centerra Gold , Ontario Superior Court , President Japarov , Soviet Union , கானக்கோர்ட் உண்மையானது , டால்டன் பாரெட்டோ , ஸ்காட் பெர்ரி , ஆஂடேரியொ உயர்ந்தது நீதிமன்றம் ஆன் , சென்டர்ரா தங்கம் , ஆஂடேரியொ உயர்ந்தது நீதிமன்றம் , சோவியத் தொழிற்சங்கம் ,

Centerra moves to protect investors after Kumtor seized


Centerra moves to protect investors after Kumtor seized
Loading a truck at Centerra Gold s Kumtor gold mine in the Kyrgyz Republic. Credit: Centerra Gold
Centerra Gold (TSX: CG) has kicked off a series of measures to protect shareholder rights after Kyrgyzstan seized control of the company’s Kumtor gold mine on May 17.
On a conference call with reporters and analysts today, CEO Scott Perry said the Toronto-based miner is already in contact with Canadian and English authorities, which have offered their support.
“As a significant investment partner of the Kyrgyz Republic, Canada is very concerned about continued developments in the mining sector,” Canadian Foreign Affairs Minister Marc Garneau and International Trade Minister Mary Ng said in a joint statement on Monday. ....

Kyrgyz Republic , Tengiz Bolturuk , Canaccord Genuity , Dalton Baretto , Marc Garneau , Scott Perry , Canadian Foreign Affairs , Centerra Gold , Foreign Affairs Minister Marc Garneau , President Japarov , Soviet Union , கிர்கிஸ் குடியரசு , கானக்கோர்ட் உண்மையானது , டால்டன் பாரெட்டோ , மார்க் கார்ணேௌ , ஸ்காட் பெர்ரி , கனடியன் வெளிநாட்டு வாழ்க்கைத்தொழில்கள் , சென்டர்ரா தங்கம் , வெளிநாட்டு வாழ்க்கைத்தொழில்கள் அமைச்சர் மார்க் கார்ணேௌ , சோவியத் தொழிற்சங்கம் ,