Infamous gold mine becomes state property ...News

Russia Today - Economy
Infamous gold mine becomes state property
source : Russia Today ( News ) () 21
Canadian miner Centerra Gold gives up the ‘toxic’ Kumtor mine to Kyrgyzstan Kyrgyzstan has regained control over the Kumtor gold mine after an ownership transfer agreement was signed with the mine’s former owner, Canadian miner Centerra Gold, media reported on Saturday. Kumtor is one of the largest gold mines in Central Asia and used to be among Kyrgyzstan’s biggest foreign investment projects. However, it came into the spotlight last year when reports emerged of threats to the local environment posed by the mine. As a result, Kyrgyzstan launched a legal battle to reclaim the site from the Canadian firm. The proce

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