APRIL 22 2014 (The Conway Bulletin) — Anglo Asian, Azerbaijan’s biggest gold producer, increased production by a third in the first three months of 2014, it said. Anglo Asian, which is listed on the London Stock Exchange, also increased its output forecast for the whole of 2014 by 29%.
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(News report from Issue No. 181, published on April 23 2014)
MARCH 14 2014 (The Conway Bulletin) — It’s not just Western mining companies in Kyrgyzstan that have come under pressure to pay extra fines. Kyrgyz media reported that the local authorities in northern Kyrgyzstan want the Chinese-run Taldy Bulak Levoberezhni gold mine to pay $143m every year for environmental damage. Chinese firms are generally unpopular in Kyrgyzstan.
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(News report from Issue No. 176, published on March 19 2014)
JAN. 7 2014 (The Conway Bulletin) — Kyrgyzstan’s government was set to discuss a tentative deal with Toronto-listed Centerra Gold over joint ownership of the Kumtor gold mine. The discussion may resolve the long-running ownership dispute. Kyrgyzstan could potentially swap its 32.7% stake in Centerra Gold for a 50% stake directly in Kumtor.
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(News report from Issue No. 166, published on Jan. 8 2014)
DEC. 6 2013 (The Conway Bulletin) — Kyrgyzstan filed a $304m claim for environmental damage against Toronto-listed Centerra Gold’s operation at the Kumtor gold mine in the east of the country. The claim is probably designed to pile pressure on Centerra Gold to relinquish a larger stake in the Kumtor mine to the Kyrygz state.
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(News report from Issue No. 164, published on Dec. 11 2013)
NOV. 7 2013 (The Conway Bulletin) — Kyrgyz President Almazbek Atambayev told the BBC that he might try to nationalise the Kumtor gold mine in the east of the country. Kyrgyzstan is locked in negotiations with Centerra Gold, listed in Toronto, which owns a majority stake in Kumtor, the country’s largest industrial asset.
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(News report from Issue No. 160, published on Nov. 13 2013)
OCT. 31 2013 (The Conway Bulletin) — Talking to Reuters, Ian Atkinson, CEO of Toronto-listed mining company Centerra Gold, said shareholders would reject a demand from the Kyrgyz government that they reduce their stake in the Kumtor gold mine to 33%. A tentative 50-50 deal had been agreed but Kyrgyzstan wants a bigger stake in the country’s main economic asset.
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(News report from Issue No. 159, published on Nov. 6 2013)
OCT. 23 2013 (The Conway Bulletin) — Kyrgyzstan’s parliament voted against a deal with Toronto-listed Centerra Gold to split ownership of the Kumtor gold mine 50-50. Instead, parliamentarians want a new agreement which gives the country a majority 67% stake in Kumtor, Kyrgyzstan’s single biggest industrial asset.
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(News report from Issue No. 158, published on Oct. 30 2013)
OCT. 18 2013 (The Conway Bulletin) — A mob of 200 people attacked the office of Manas Resources, an Australian mining company, in southern Kyrgyzstan where it is developing a gold mine, Reuters reported. Over the past few years, disgruntled nationalists have targeted foreign-owned mines to win concessions from companies and to destabilise the government.
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(News report from Issue No. 157, published on Oct. 23 2013)
OCT. 7 2013 (The Conway Bulletin) — Around 200 people protested in east Kyrgyzstan against a potential deal between the Kyrgyz government and Toronto-listed Centerra Gold over ownership of the Kumtor Gold mine. Media reported that the protesters kidnapped the regional governor briefly. Anti-government groups are likely to have organised the protests.
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(News report from Issue No. 155, published on Oct. 9 2013)
OCT. 2 2013 (The Conway Bulletin) — The IMF has predicted strong economic growth for Kyrgyzstan because of rising output at the Kumtor gold mine, Reuters reported. Kumtor is Kyrgyzstan’s largest industrial asset. Problems with the pit at Kumtor slowed production last year. This year, the IMF said, Kyrgyzstan’s GDP would grow by nearly 8%.
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(News report from Issue No. 155, published on Oct. 9 2013)
