Kyrgyzstan: How Will Kumtor Game of Chicken End?
Kyrgyzstan has upped the stakes in its on-and-off battle against the operators of its giant Kumtor gold mine with a raid on the company’s offices that officials say is part of an alleged corruption probe.
Few doubt the April 28 raid in Bishkek was unrelated to the increasingly frayed relationship between Kyrgyzstan and Toronto-based Centerra — in which the Central Asian state’s government owns an almost one-third stake. Negotiations to revise the Kumtor concession collapsed last year, so the authorities have reverted to hardball tactics.
The state prosecutor’s office and the State Committee for National Security have said they are digging into payments made by Centerra’s local affiliate to the mother company in Canada going back as far as 2013.
To read the full story