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Kyrgyzstan: Officials Outline Restructuring Plan for Lucrative Gold Mine

As officials in Kyrgyzstan prepare to negotiate with their country’s largest investor in Bishkek this week, new details are emerging about how the Kyrgyz government wants to restructure the agreement covering operations at the country’s flagship gold mine.

Bishkek and Toronto-listed Centerra Gold are engaged in a protracted legal dispute over Kumtor, the largest gold mine operated by a Western company in Central Asia. Earlier this year, a Kyrgyz state commission claimed Centerra owes approximately $467 million for environmental damages. Then, in February, parliament gave Kyrgyz officials three months to negotiate a new operating agreement, which would be the third in 10 years.

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David Trilling is EurasiaNet's Central Asia editor.

Kyrgyzstan: Officials Outline Restructuring Plan for Lucrative Gold Mine

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