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Kyrgyzstan and Canada's Centerra settle Kumtor gold mine dispute
By Clara Denina and Zandi Shabalala
Monday, April 4, 2022
LONDON -- Kyrgyzstan will take full control of the Kumtor gold mine, its biggest industrial enterprise, under an out-of-court settlement with Canada-based Centerra Gold after a series of legal disputes over the past year.
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Kyrgyzstan will give up its 26% stake in Centerra, having seized the mine from the Canadian company in May 2021. The seizure led to a spate of litigation before a decision to refer the matter to arbitration. read more
The central Asian country had accused Centerra of various transgressions including environmental damage and corruption. ...
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