APRIL 23 2015 (The Conway Bulletin) – Djoomart Otorbayev resigned as Kyrgyzstan’s PM after barely a year in office.
The 59-year-old former international economist was the fourth Kyrgyz PM to resign since constitutional reform shifted power from the president to parliament in 2010.
Earlier this month the Kyrgyz government appeared to change tack significantly and argue for a great number of directors on the Centerra Gold board rather than the creation of a new company, with a 50:50 ownership, to run Kumtor.
His resignation was linked to the failure to secure a permanent solution to the ongoing row with Canada’s Centerra Gold over ownership of the Kumtor gold mine in east Kyrgyzstan — the country’s single biggest industrial asset.
“I think my decision to resign will allow the majority coalition to choose a more decisive prime minister,” Kyrgyz media quoted Mr Otorbayev as saying.
Kyrgyzstan owns 32.7% of Centerra Gold, which is listed in Toronto, and has been looking to boost its influence over the mine.
Importantly, Mr Otorbayev’s resignation highlights the unstable nature of Kyrgyz politics and also the dominance of the Kumtor ownership issue.
The three-party majority coalition now has 15 days to nominate a new PM for parliament.
ENDS
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(News report from Issue No. 229, published on April 29 2015)
