Kyrgyz environmental agency given another three months to evaluate Canadian firm's annual plan for massive gold mine before extending permits.
Centerra Gold Mining News
The Canadian rare earths junior is appealing a Moscow court decision of Moscow City Arbitrazh Court of not allowing it to obtain a sum related to the loss of its Kutessay II mine.
Temir Sariyev, a 51-year-old economist, said before Thursday's vote in parliament that resolving the Kumtor issue would be among his priorities.
Prime Minister Joomart Otorbaev resigned after hours of heated debate in parliament over the government’s performance last year.
A long-discussed 50/50 joint venture with Centerra doesn't seem to be in Kyrgyzstan's plans any longer.
According to Centerra Gold, the prime minister also said that nationalization of the Kumtor mine is not a viable alternative and there should be changes to the composition of Centerra’s Board of Directors.
Mongolia may give up government shareholding in mining projects altogether.
The country’s parliament has designated its Gatsuurt Project as strategically important, paving the way for Centerra's application for the necessary approvals.
The injunction was sought by Stans Energy.
Another person in serious conditions.
The government of Kyrgyzstan has approved Centerra's mine plan for 2014, after the company threatened to shut operations at the country's largest gold deposit.
Despite apparently having made peace in February, Centerra and the the government of Kyrgyzstan have locked horns over the future of Kumtor mine.
Damage to glaciers must be compensated.
Centerra Gold was up 4.38% to $5.01
But the company warns the resolution also calls for further audits of the Kumtor operation and continue pursuing claims for environmental and economic damages, which Centerra disputes.
Without taking Centerra's Kumtor mine into account, the nation’s GDP would have grown about 50% less.
New mining listings in the Toronto Stock Exchange and its junior counterpart, the TSX-V, continue to dive.
The country's environmental protection and forestry has filed a lawsuit against the Canadian gold miner.
Three former ministers have already been charged with corruption.
Kyrgyz lawmakers said the government must agree on a new deal with Centerra by December 23 to raise the country's ownership to 67%.
Group opposes letting foreigners mine Kyrgyzstan’s resources.
He was held in a car for about seven hours, while growing rumours said he had been drenched in gasoline and was being threatened with matches.
Parties reached agreement that would allow Kyrgyzstan to hold a 50% stake in a joint venture that would own Kumtor.
Talks could end in a joint venture between the parties, which will be the owner of the debated gold mine.