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 ...

Kazakhstan starts export of uranium to Brazil

MINEX Forum | May 25, 2018
img0 Kazakhstan’s national company Kazatomprom delivered the first batch of uranium to Brazil, the company’s press service said in a message. “The National Atomic Company of Kazakhstan is expanding the geography of its products supply in the world nuclear fuel market. Kazatomprom JSC won an international tender for the supply of natural uranium concentrates for the ...

Chaarat Gold offer to Centerra values Kumtor mine at $800 million

MINEX Forum | May 2, 2018
img0 Chaarat Gold Holdings (LON:CGH) disclosed Tuesday its unsolicited bid for Centerra Gold’s (TSX:CG) Kumtor mine in Kyrgyzstan valued the operation, the Asian country’s largest gold mine, at $800 million (about Cdn $1.025 billion at today’s exchange rate). The miner, which is developing the Chaarat project in Kyrgyzstan, said the proposed acquisition of Kumtor included $400 ...

Centerra rejects unsolicited offer for its Kumtor gold mine in Kyrgyzstan

MINEX Forum | April 26, 2018
img0 Canada’s Centerra Gold (TSX:CG) has rejected an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (LON:CGH), received last month, but which the London-listed miner made public on Tuesday. Responding to media speculation, Chaarat confirmed its offer to Centerra to buy Kyrgyzstan’s largest gold mine, and though it did not disclosed the ...

Kyrgyzstan: China demands to protect investor after locals burnt gold-processing plant

MINEX Forum | April 14, 2018
img0 BISHKEK (TCA) — The Embassy of China in Kyrgyzstan has asked the Kyrgyz Foreign Affairs and Internal Affairs Ministries to conduct a fair investigation and protect Chinese investors, after hundreds of residents of the country’s Toguz-Torou district set several buildings of the Kyrgyz-Chinese joint venture Makmal GL Developing ablaze on April 11, 24.kg news agency ...

Mongolia, Kazakhstan to enhance mining cooperation

MINEX Forum | April 9, 2018
img0 Mongolia and Kazakhstan signed a Memorandum of Understanding Friday to boost cooperation in geology, mining and civil aviation. The document was inked during the 7th meeting of the Intergovernmental Commission between Mongolia and Kazakhstan on Trade, Economic, Scientific and Technical Cooperation, which was held on March 29-30 in Astana, Kazakhstan, Mongolian Foreign Ministry said. On ...

Investment in geological exploration and extension of Kumtor mine life planned

MINEX Forum | April 6, 2018
img0 According to the Public Relations and Media Department of the Government of the Kyrgyz Republic, Prime Minister Sapar Isakov met with the Director of Centerra Gold Inc. Scott Perry. They discussed the prospects of the company’s development and expressed interest in deepening cooperation. The head of government noted that the Kyrgyz Republic and Centerra Gold ...