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Centerra sues ex director over Kumtor mine expropriation

May 21, 2021

Source: https://www.mining.com/centerra-sues-ex-director-over-kumtor-mine-expropriation/

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Kumtor is the largest of Centerra’s three gold mines, accounting for over 50% of the company’s total output. (Image courtesy of Centerra Gold.)

Canada’s Centerra Gold (TSX: CG) has sued the new external manager of Kumtor mine, which was seized by Kyrgyzstan last weekend, claiming that he conspired to steal the asset from the company while he was a director.

The Toronto-based miner alleges that former board member Tengiz Bolturuk secretly co-operated with Canadian and US lawyers, as well as with the government of Kyrgyzstan to stage the mine expropriation, it said in a statement.

Original Text (This is the original text for your reference.)

Kumtor is the largest of Centerra’s three gold mines, accounting for over 50% of the company’s total output. (Image courtesy of Centerra Gold.)

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