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Centerra Gold

Posted by ipso facto @ 15:48 on May 17, 2021  

snip

The Kyrgyz Government effectively seized control of the Kumtor Mine over the weekend of May 15 and 16, 2021 by sending Government authorities to the mine, KGC’s office in Bishkek and the homes of several KGC employees. Consequently, Centerra is no longer in control of the Kumtor Mine and can no longer ensure the safety of the mine’s employees or operations. Shortly before the Government took control, all key safety, monitoring and operational systems at the mine were functioning properly. Centerra did not disable any such systems, and the mine was operating without incident. Due to the Government’s unprecedented actions, Centerra has suspended access of all local KGC employees in the Kyrgyz Republic to Centerra’s global IT systems to prevent any unauthorized intrusions into those systems. None of those systems are required to safely operate the mine.

https://finance.yahoo.com/news/centerra-gold-responds-latest-developments-174500739.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.