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Kyrgyzstan to temporarily take over Centerra’s Kumtor mine

May 7, 2021

Source: https://www.mining.com/kyrgyzstan-to-temporarily-take-over-centerras-kumtor-mine/

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The Kumtor gold mine is the largest non-state employer and taxpayer in Kyrgyzstan. (Image courtesy of Centerra Gold.)

Lawmakers in Kyrgyzstan, home to major gold and copper mines, have passed a bill allowing the state to temporarily seize Centerra Gold’s (TSX: CG) Kumtor mine, the largest gold operation in the Central Asian nation.

The legislation, passed late on Thursday, allows the government to run Kumtor for up to three months. It is based on the belief the operation may pose danger to locals and the environment.

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The Kumtor gold mine is the largest non-state employer and taxpayer in Kyrgyzstan. (Image courtesy of Centerra Gold.)

The legislation, passed late on Thursday, allows the government to run Kumtor for up to three months. It is based on the belief the operation may pose danger to locals and the environment.

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