Centerra Gold Inc. called the news release issued by Chaarat Gold Holdings Limited on acquisition of Kumtor mine “market speculation”. Official comment of the company says.
In March Centerra received an unsolicited, non-binding proposal from Chaarat concerning Kumtor mine located in the Kyrgyz Republic. Centerra promptly communicated to Chaarat’s advisers that it had no interest in the transaction proposed by Chaarat.
In recent meetings with the Kyrgyz Republic Government, senior officials have confirmed to Centerra that the government is also not interested in pursuing the transaction proposed by Chaarat.
Centerra noted that Kumtor mine was directly held through Centerra’s wholly owned, direct subsidiary, Kumtor Gold Company CJSC, and the transaction proposed by Chaarat could not occur without the participation of both Centerra and the Kyrgyz Republic Government. (24.kg/Ukrainian metal)