Kyrgyzstan Mining News

Centerra Gold to buy AuRico Metals in $243m friendly deal

Producer offers 38.5% cash premium for AuRico Metals developing the Kemess gold and copper project in British Columbia, Canada.

Kyrgyzstan government shuts Kaz Minerals mine for 3 months

Company said it did not know why the operations had been suspended, but a source familiar with the situation pointed to political disputes between Kazakhstan and Kyrgyzstan.

Centerra gets some breathing room in dispute with Kyrgyz Republic

The arbitrator has sided with miner, allowing it to move forward with the case against the Central Asian country.

Drilling begins on property adjacent to 125,000-oz Kyrgyzstan gold mine

Initial drilling is designed to intersect an area which was previously drilled in the former Soviet republic between 1970 and 1990.

UN court won’t dismiss Stans Energy claims against Kyrgyz Republic

The decision means the $210 million arbitration against the Kyrgyz Republic will advance to the merits stage, the Canadian junior said.

Centerra Gold’s presence in Turkey

Centerra Gold, a Toronto-based Canadian company, appears in the news regarding its troubles in Kyrgyzstan and its operations at the Kumtor gold mine.

Centerra scraps dividends, gets Turkish project financing facility extended

Shares fell after the miner said it would suspend dividends until further notice, due to current restrictions to funds held at its Kyrgyz Republic subsidiary, Kumtor Gold.

Centerra expects more gold from Kumtor, but issues still loom

The miner increased gold output guidance for the mine to 520,000 to 560,000 ounces and lowered all-in sustaining cost forecast to $666 – $718 per ounce.

Done deal: Centerra Gold buys Thompson Creek for $1.1 billion

With the deal Centerra gets its hands on Mount Milligan, a large mine in British Columbia and reduces its reliance on Kumtor mine, in Kyrgyzstan, for cash flow.

Kyrgyz authorities hand Centerra Gold final permit to keep Kumtor mine running

Kumtor mine is the country's largest private sector employer and taxpayer and Centerra’s main gold producing mine.

Centerra Gold to keep Kumtor mine open as Kyrgyzstan hands key permits

The company is yet to receive an approval of its Kumtor’s 2016 mine plan, which it requires to continue operating the mine beyond June 30.

Kyrgyzstan ratchets up dispute against Canada’s Centerra Gold

President Almazbek Atambayev has ordered state prosecutors to review the legality of agreements signed with the company in 2003-2004 and 2009.

Centerra Gold seeks international arbitration for dispute with Kyrgyzstan

The company said the arbitration proceedings will be held at Stockholm and Sweden, and that they will be conducted under the UNCITRAL rules.

Centerra Gold charged $98 million fee by Kyrgyzs court

Fresh string of penalties and fees are one of the latest signs of renewed tensions between the Kyrgyzstan government and the Canadian miner.

Centerra Gold fined for environmental damage in Kyrgyzstan

Ruling is one of the latest signs of renewed tensions between the Kyrgyzstan government and the miner, which have been locked in a bitter dispute over profit sharing for years.

Kyrgyz law enforcement agencies search Centerra Gold’s office

They are looking into a dividend paid by Kumtor to Centerra in 2013, which the miner says complied with the country's laws and 2009 agreements governing the project.

Centerra can go ahead with new gold mine in Mongolia

After a five-year delay, the country’s parliament has finally approved Centerra’s plans to mine the Gatsuurt gold deposit.

Russian Supreme Court denies Stans appeal

These rulings set aside the award of the International Arbitration Court at the Moscow Chamber of Commerce and Industry dated June 30, 2014 (the “MCCI Award”) through which Stans was awarded US$118,000,000 in damages.

Centerra Gold exceeds 2015 production guidance and announces 2016 outlook

Figures include 520,695 ounces of gold from the Kumtor mine, in the Kyrgyz Republic, and 16,226 ounces of gold from the Boroo mine, in Mongolia.

Kyrgyzstan freezes talks with Centerra Gold over Kumtor

The country's government said the current agreement "ran counter to the country's national interests."

Turkey approves environmental assessment for Centerra’s Oksut project

Construction of the gold mine, located in the south-central Kayseri province, should start in early 2016, followed by production by mid-2017.

Ex-Centerra Gold CEO arrested in Bulgaria granted bail

Leonard Homeniuk has spent most of his time under house arrest since he was detained on July 27.

Ex-Centerra Gold CEO remains arrested in Bulgaria as extradition hearing postponed

Bulgarian police arrested Len Homeniuk in July on an Interpol warrant over alleged corrupted deals in Kyrgyzstan.

Stans Energy reaches ‘amicable’ deal with former CFO over her dismissal

In March last year, Anna Kuranova sued the company alleging to have been fired wrongfully.

Canadian court to hear Stans Energy appeal over Kyrgyz Republic’s unpaid $118M

The frozen payment corresponds to what the Kyrgyz Republic was told by an international arbitration court to give Stans for revoking its rare earth mining licenses in the country.