Former Centerra board member named Kumtor GM
Kyrgyzstan has named Tengiz Bolturuk as general manager of the Kumtor gold mine, a day after seizing control of the mine that was formerly operated by Canadian mining company Centerra Gold.
The announcement was made in a statement issued by head of the State commission on Kumtor, Akylbek Japarov.
The statement highlights several concerns relating to the operation of Kumtor, including its safety record, waste management and other environmental practices. It notes that, based on a State commission’s investigation into these concerns, Parliament has concluded that a temporary control of the mine is warranted.
It is understood that government will assume control of the operations for a period of three months.
The statement further accuses Centerra of disabling critical sensors that monitor the stability of the mine and the movement of nearby glaciers, and claims that the mine’s management has left the country.
Government has appointed a team, led by Bolturuk, to take over management of the mine. Bolturuk was until Monday the Kyrgyzaltyn nominee on the Centerra board.
Commenting on the arbitration that Centerra started at the weekend, Japarov said that the government was looking forward to reviewing the arbitration filing to “understand what they consider to be the basis” for initiating the process.
"We were surprised that Centerra has taken the drastic step of initiating an arbitration process, rather than responding to our letter and engaging constructively to resolve our issues in a way that can benefit all parties,” he said.
Centerra CEO Scott Perry has said that the gold company would take all measures possible to protect shareholder rights. The miner has received support from the Canadian and UK governments.
On Monday, the Canadian government issued a statement expressing its disappointment with developments in the Kyrgyzstan mining industry.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation