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Centerra Gold Inc. : Ata Meken faction rejects revised Kumtor project restructuring draft agreement

01/31/2014 | 05:48am US/Eastern

Ata Meken faction today rejected the new draft agreement between the Kyrgyz government and Centerra Gold Inc on Kumtor project restructuring. "The government has not fulfilled the parliamentary resolution. They were tasked to achieve 67% stake or were to terminate the agreement unilaterally. The new agreement does not meet interests of Kyrgyzstan and it should be rejected," faction leader Omurbek Tekebaev said. The faction tasked the government to draft the plan for Kumtor project nationalization and to submit the document to the Parliament for consideration within 3 months.

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