“Business welcomed the news of the entry into force of the Strategic Agreement between the government of Kyrgyzstan and Centerra Gold on Kumtor,” Askar Sydykov, Executive Director of the International Business Council, declared. According to him, any uncertainties in relations between the government and Centerra Gold directly affect the investment climate in Kyrgyzstan. The business…
The manufacturing cooperative Plamya, developing alluvial gold sites in the Republic of Sakha (Yakutia), since the start of the washing season has obtained some 100 kg of gold. The quota for the company this year amounts to 280 kg. Compared with the previous year the output has decreased somewhat due to the thinning of reserves,…
Government of Kyrgyzstan has increased money receipts under a strategic agreement with Centerra Gold to $150 million, the Information Support Department of the Cabinet’s Office reported. The Prime Minister Mukhammedkaly Abylgaziev has held a meeting on the mechanisms of work of the Nature Development Fund and the Social Partnership for Regional Development Fund, created as…
Centerra Gold Inc. announced that the remaining Kyrgyz legal proceedings affecting Kumtor project and the international arbitration proceeding at the Permanent Court of Arbitration had been terminated, in accordance with the Strategic Agreement on Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic. Accordingly, the parties have achieved the…
The Investigative Committee of Armenia says Lydian Armenia’s planned mitigation measures during the potential operation of the Amulsar Project are assessed as reasonable and appropriate by experts of ELARD, the company, which conducted an environmental impact assessment of the project, Yura Ivanyan, top detective in the Amulsar case and Head of the Corruption, Property Crime…
The Armenian National Congress (HAK), an extra-parliamentary political party led by the first President of Armenia Levon Ter-Petrosyan, will convene a special session of its board regarding the Amulsar gold mine. HAK Vice-President Aram Manukyan said at a press conference they were convening the meeting to decide their stance over the matter. “We are studying…
Being one of the leading sectors in the economy of Azerbaijan, mining industry holds the largest share in the industrial production. Enjoying an increase in the production of precious metals, such as gold and silver, Azerbaijan also sees growth in the mining products exports. The country exported 2,302 kg of gold worth $70.4 million to…
As of August 1, Magadan region has extracted 23.791 tons of gold, up by 4886 kg YoY. Tenkinskiy city district provided the most ore gold – 11496.1 kg. Alluvial gold output totaled 8022.8 kg, with the most gold contributed by Yagodinskiy city district (3304.6 kg). The region has also mined 388.4 tons of silver. The…