Loading ...Kyrgyzstan pressing ahead with removing Centerra from Kumtor
Kyrgyzstan has established enough evidence to press on with removing Canada’s Centerra Gold from the Kumtor gold mine, the state security service and prosecutors said on Wednesday.
The security service is investigating possible corruption in the deal that gave Centerra control over the country’s biggest gold mine and subsequent amendments to the pact.
It said on Wednesday it has established enough facts to press ahead with annulling the deal.
A spokesperson for Centerra referred Reuters to prior statements in which the company described the seizure of the mine as unjustified and illegal and dismissed the Kyrgyz allegations as false.
Centerra Gold this week said it had recognised a $926-million loss on the change of control and included the Kumtor Mine in its discontinued operations.
Kyrgyzstan pressing ahead with removing Centerra from Kumtor