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Article

14 Jul 2021

Author:
RFE/RL's Kyrgyz Service

Kyrgyzstan: Centerra Gold files claims against Kyrgyz govt. over control of Kumtor mine

"Canadian Firm Files Further Claims Against Kyrgyzstan Over Kumtor Gold Mine", 8 July 2021

Canada's Centerra Gold says it has filed additional arbitration claims against the Kyrgyz government as it battles for control of the Central Asian country’s Kumtor gold-mine project.

...The giant Kumtor gold project has been the focus of international attention in recent months after the government moved to temporarily take over operations at the mine -- which is run by Centerra Gold -- for what President Sadyr Japarov said was a necessary move to remedy environmental and safety violations.

...Centerra has called Kyrgyzstan's actions "wrongful and illegal" and in May initiated binding arbitration to enforce its rights under long-standing investment agreements with the government.

It also accused Kyrgyz law enforcement of intimidation, including police visits to the homes of several senior KGC managers and a May 15 raid of KGC's office in Bishkek.

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