X
X

Kyrgyzstan’s Parliament Accepts Controversial Gold Mine Deal

Lawmakers may have destroyed Kyrgyzstan’s reputation among investors in the process, but after a year of heated arguments, which often spilled out into the streets, parliament voted to accept a restructuring roadmap with the country’s largest investor on February 6. The arrangement evenly splits control of the Kumtor gold mine between Bishkek and Kumtor’s Canadian owners. 

But Kumtor will probably remain divisive. Outside the high-altitude mine in Issyk-Kul Province, villagers have been holding another one of their periodic roadblocks in recent days, demanding concessions from the government and the mine. In a country with widespread unemployment and few opportunities, young men like those blocking the road this week are easily whipped into a fury. Many observers believe they are paid. The ostensible reason for the latest roadblock is the arrest of several local men last August on charges of trying to extort $3 million from the mine.

To read the full story

Kyrgyzstan’s Parliament Accepts Controversial Gold Mine Deal

1 / 1
X
> <