Centerra in advanc talks with Shandong Gold for Kumtor sale?Article appeared in Kyrgyz local news website: Copy paste from Google translate: Centerra is negotiating the sale of Kumtor with the Chinese company Shadong Gold? Monday, October 29, 2018 17:02 Read 230 times There is evidence that the necessary memorandums and agreements have already been signed. The management of Centerra Gold Inc is actively negotiating with the Chinese company Shadong Gold for the sale of a stake in the company that does not belong to Kyrgyzstan. This was reported to Vesti.kg by the still-working and former employees of the Kumtor Gold Company. If this transaction is carried out and the Chinese company Shandun Gold will own 73.4 percent of Centerra, which in turn owns 100 percent of Kumtor, then Kumtor will actually come under the control of the Chinese, they declare. Company employees also learned that Shandun Gold had already hired Golder Associates to conduct a technical audit at the field. That is, according to their information, negotiations are at an advanced stage, corresponding memorandums and confidentiality agreements have been signed.
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