Canada’s Centerra Gold on Monday confirmed it was in talks with the Kyrgyzstan government for an out-of-court settlement over a dispute in which the state seized the company’s Kumtor mine. In May 2021, Centerra kicked off arbitration against the former Soviet republic after it took over the country’s biggest mine for allegedly posing danger to human lives or the environment. Centerra on Monday laid out a framework for any resolution of the dispute, saying it should receive around 26.1% of its common stock held by state-owned Kyrgyzaltyn JSC.
Shopping Cart