TSXV:HRE.H - Post by User
Post by
maoaeon Sep 28, 2011 3:54pm
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Post# 19095091
Kyrgyz news
Kyrgyz news Kyrgyz govt pledges Centerra stake to raise money.
"Under a revised ownership deal drawn up in 2009, the Kyrgyz government holds a 33 percent stake in Toronto-listed Centerra, which also has mining operations in Mongolia. That stake is worth about $1.5 billion at current market prices.
"Kyrgyzstan's Ministry of Economic Regulation forecasts GDP growth of 6.7 percent in 2011, reversing a 1.4 percent contraction in 2010, a year when the president was overthrown and subsequent ethnic violence killed hundreds."