Loading ...Centerra mine’s future up in the air as Kyrgyzstan to review deal
Fresh doubt has been cast over a deal reached last year between Centerra Gold (TSX:CG) (OTCMKTS: CAGDF) and the Kyrgyz Republic ending long-dragged disputes, after a government speaker confirmed Friday the parliament will review the settlement in September.
According to radio Azattyk, the upcoming revision of the strategic agreement may lead to increased environmental payments for the company.
The news comes two weeks after MINING.com reported the country’s new Prime Minister, Muhammadkaliy Abylgaziev, was reconsidering the agreement signed by his predecessor, adding his administration planned to submit to parliament its own proposals regarding the document.
It also follows recent charges of corruption against former Prime Minister Sapar Isakov, who signed the deal with Centerra last year — a development local media said it could jeopardize the legitimacy of the pact.
cont. http://www.mining.com/centerra-mines-future-air-kyrgyzstan-review-deal/