Chaarat appoints new board member

MINEX Forum | September 13, 2018
img0 Aim-quoted exploration and development company Chaarat Gold has appointed Robert Edwards – a mining engineer with broad institutional and corporate experience – to its board as an independent nonexecutive director. Edwards is the former chairperson of Global Mining at Renaissance Capital and has also worked for HSBC and the Royal Bank of Canada. Edwards is ...

Chaarat Gold ups Kyrgyz Republic project resource by 46 pct

MINEX Forum | September 4, 2018
img0 Chaarat Gold Holdings (LON:CGH), the company trying to buy Centerra’s Kumtor mine in the Kyrgyz Republic, has increased the mineral resource for the Tulkubash oxide gold deposit at its Chaarat gold project by 46%, based on a new and simplified geologic model. The Central Asia-focused explorer and developer, which has been carrying out an intensive ...

Kyrgyz Authorities Clash With Owners of Massive Kumtor Gold Mine

MINEX Forum | August 20, 2018
img0 Despite reaching the additional accord initially touted as a success, the Kyrgyzstani government has recently been sending mixed signals about its further intentions. This is undoubtedly due to the downfall of the government of Sapar Isakov, widely considered the driving force behind the new deal. Isakov was dismissed by President Sooronbay Jeenbekov in April 2018, ...

Massive gold treasure found in Kazakhstan

MINEX Forum | August 8, 2018
img0 Archaeologists working in the remote Tarbagatai Mountains of northeastern Kazakhstan unearthed 3,000 gold and precious metals objects and jewelry pieces that are presumed to date back almost 800 years before Christ. The treasure, found at the ‘Yeleke Sazy’ burial site, probably belonged to a noble family of the Saka people who ruled throughout central Asia ...

Centerra delays completion of deal over Kumtor mine as Kyrgyz PM mull revisions

MINEX Forum | June 29, 2018
img0 Canada’s Centerra Gold agreed this week to extend the deadline for completion of all conditions included in a deal it signed in September with the Kyrgyz government, ending long-dragged environmental disputes over the firm’s Kumtor gold mine, the country’s largest. While the Toronto-based miner did not provide much detail about the reasons for the deferral, ...

Future of Centerra mine uncertain as Kyrgyz Gov’t revising settlement deal

MINEX Forum | June 13, 2018
img0 Fresh doubt has been cast over a deal reached in December between Centerra Gold and the Kyrgyz Republic ending long-dragged disputes after the country’s Prime Minister said Tuesday the new government was reviewing the agreement. According to radio Azattyk, minister Muhammadkaliy Abylgaziev also said his administration would submit to parliament its own proposals regarding the ...