Bishkek, May 20, 2021 . / Kabar / . All gold from Kumtor will be purchased by the National Bank of Kyrgyzstan, external manager of Kumtor Gold Company Tengiz Bolturuk said during a press conference.
Currently, all accounts of Kumtor company are frozen and are located outside Kyrgyzstan. Accounts in local banks are small, they are not enough to work.
In this regard, Tengiz Bolturuk said that a trilateral agreement between the National Bank, Kumtor Gold Company and Kyrgyz Altyn is being prepared so that all gold from Kumtor will be purchased by the National Bank of the republic .
"The National Bank has the funds to purchase gold for one year,” he said.
In February 2021, the Jogorku Kenesh established a State Commission to inspect Kumtor's operations to review compliance with norms and requirements for the rational use of natural resources, environmental protection, safety of production processes and social protection of the population, as well as implementation of decisions of previous parliamentary.
On May 7, the Oktyabr District Court of Bishkek satisfied the claim of four individuals to Kumtor Gold Company CJSC and obliged the company to pay to the state KGS 261 billion 719 million in damages.
Claimants asked to recognize waste storage on Davidov and Lysyi glaciers during development of Kumtor gold deposit as illegal and to exact from the company KGS 261.7 billion of damage to the state. The court fully satisfied the claim.
In addition to the amount of damages, the court ordered to recover from the company a state duty of KGS 1.3 billion. In total, the company is obliged to pay KGS 263 billion, according to the current exchange rate this is USD 3.1 billion.
Kumtor Gold Company CJSC is a subsidiary of the Canadian gold mining company Centerra Gold Inc. It develops the largest gold deposit in Kyrgyzstan Kumtor. Kyrgyzstan, represented by Kyrgyz Altyn OJSC, owns 26.2% of shares in Centerra Gold Inc. and holds the largest stake in Centerra.
Comments
Post Comment