Loading ...Crippled Canadian miner Centerra Gold (TSX: CG; NYSE: CCAU) has brought additional claims in its binding arbitration against the Kyrgyz Republic government as it fights the “wrongful expropriation” of the cornerstone Kumtor mine.
Centerra has also named, state monopoly gold refiner and Centerra’s largest shareholder, Kyrgyzaltyn, as a respondent.
centerra gold
According to the amended notice of arbitration, Kyrgyzaltyn conspired with the Kyrgyz government to take control of the mine under the guise of temporary ‘external management’. It appears to continue acting at the government’s behest concerning the Kumtor operation and its shareholding in Centerra, the company alleges.
Centerra brings additional claims in Kyrgyz-Kumtor arbitration