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Centerra Gold Inc T.CG

Alternate Symbol(s):  CGAU

Centerra Gold Inc. is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Turkiye, and other markets worldwide. The Company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Oksut Mine in Turkiye. The Company also owns the Goldfield District Project in Nevada, United States; the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada. The Mount Milligan Mine is an open pit mine located in north central British Columbia, Canada producing a gold and copper concentrate. The Oksut Mine is located in Turkiye approximately 300 kilometers southeast of Ankara and 48 kilometers south of Kayseri, the provincial capital. The Molybdenum BU includes the Langeloth Facility in Pennsylvania and two North American molybdenum mines: the Thompson Creek Mine in Idaho and the 75%-owned Endako Mine in British Columbia.


TSX:CG - Post by User

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Post by saltchukon Jan 25, 2013 12:15pm
177 Views
Post# 20890604

any comments

any comments

It seems we are again in the news, this is never ending. I also have holdings in Stans Energy which seems to be under siege as well. Sorry for the translation.

Gosekotehinspektsiya write Centerra Gold Inc.??????????? ?? ??????????, ??????? ??????? ?? 19 ??????? ?? $160 ??? violations of regulations, which consist of 19 items for $ 160 million

Tazabek - Tazabek - ???????? ??????????????? ????????? ?? ????????????? ? ??????????? ???????????? ??????????? ???????? ????????? 24 ?????? 2013 ???? ?? ????????? ????????????? ??? ???????????? ?????? ? ?????? ??????????????? ???????? ?? ???????? ? ???????? ?????????? ??? «?????? ?????????? ???????» ???? ? ?????????? ?? ????????????? ????????????? ????????? ????????, ?????? ?????????? ?????, ???????????? ???????????????? ????????? ? ?????????? ?????? ????????? ??????????????? ?? ????????????? ?????????? ?????????. Director of the State Inspectorate for Environmental and Technical Safety Kyrgyzstan Osmonbek Artykbaev January 24, 2013 at a cabinet meeting during consideration of the report of the State Commission for verification and compliance study of CJSC "Kumtor" standards and requirements for the management of natural resources, environmental protection, safety production processes and social security informed about environmental violations by the company.

?? ??? ??????, ???????? ?????? ???? ????????? ???????? ?????????? ? ?????????????? ???????????????, ?? ??? ?? ???? ?????????. According to him, the company had to build a wastewater treatment plant and additional tailings dam, but they were not built. «?? ???????, ????? ????????? ????? ???????????????, ? ???????? ??????????. "We want to build new tailings dam, and treatment facilities. ???? ?????????, ??? ???????? ?????? ???? ????????, ?? 2 ???? ???????????? ????, ?? ??? ?????????? ?? ?????????. There are violations, the company was again 2 times to use water, but this is not enforced. ???????? ???????????? ????? 6 ?????????? ???? ????, ?? ??????? ?????? ??????????? ??????????? ?? ????. The company used more than 6 billion tons of water, but no payments have been made to Kyrgyzstan. ????? ???????? ?????? ???? ????????? ??????, ??? ?? ?????????», - ??????????????? ??. The company also had to build channels, they are not built, "- he informed.

?? ????????? ?.??????????, ???????????????? ?????? ?????? ? ?????? ?????????? ??????? ?????? ????????? ????? 5,5 ???? ??????. According O.Artykbaeva, excessive losses of gold since the beginning of the development of the Kumtor project amounted to more than 5.5 tons of gold. «??? ?????? ???? ??????????? ?????? ?? ?????????????, ?? ?? ??????????. "They had to develop a project for rehabilitation, it is not designed. ?? ??? ???? ? ??? ???????. We also require them. ?? ??? ??? ????????? ?? ??????? ??????????? ????????, ??????? ??????? ?? 19 ???????. For all these violations, we will write a prescription company, which consists of 19 points. ??? ??????????? ?? ????????? ?? ???? ?? 188 ??? ?????, ?? ??????? — ?? 690 ??? ?????, ????????? ????????? ? ?? ?????? ??????????. This is a prescription for violations on the water at 188 million soms to fall off - to 690 million soms, the claims put on other violations. ??? ? ????? ?????????? 6,806 ???? ????? ??? $160 ???», - ??????????????? ??. This is a total of 6.806 billion soms or $ 160 million ", - he informed.

??????? ???????:Background:

??????????? ?? ??????? ??????, ??? ????????????? ?????? ???????? ?????????? ? Centerra Gold Inc. The State Commission on Kumtor decided that the government should hold talks with Centerra Gold Inc. ? ?????????? ?????????? 2009 ????. the revision of the agreement in 2009. ?? ???? ????? ???????? 25 ??????? ?? ???????? ????????? ??????????????? ???????? ?? ???????? ??? «?????? ?????????? ???????». This was announced on December 25 at the final meeting of the State Commission for the Monitoring of CJSC "Kumtor".

????? ???????? ??????????? ???????????? ??? Centerra Gold Inc. Members of the commission made ??recommendations for Centerra Gold Inc. ????? ? ???? ????????? ????? ????????, ??? ????? ????? ?????? ?? ????????? ???? ???????? ? ?????? ??????? ?????? ????????? 6,7 ???? ?????. Also during the meeting it was reported that the total amount of damages for violations of environmental Kumtor project from the beginning to 6.7 billion soms.

??????????? ?? ??????? ??????? ?? 3 ???????? ??????? ?????: ?? ?????????? ????????????? ? ?????-??????????? ??????????, ?? ?????????? ??????????? ?????????? ??????????, ?? ?????????? ?????????-????????????? ?????????? ???????????? ? ?????? ??????? ?????????? ??????? «??????». The State Commission on Kumtor has 3 trains working groups for the environmental, mining and technical expertise for the legal review of agreements on socio-economic assessment of commercial and other conditions of the project "Kumtor".

???????? ???? ?????????? 27 ???? 2012 ???? ???????? ??????? ??????. The Commission was formed June 27, 2012 decision of the Parliament.

?? ?????? ????? ?????? ??????????? ??????????? ???????? «????????» ??? ????????: As a result of his work of the State Commission recommends "Centerra" a number of points:

- ?????????? ????? ??????????? ???????? — ??????? «?????? ???? ????????» ? «?????? ?????????? ???????». - Establish a new management company - merger "Kumtor Gold Company" and "Kumtor".

- ????????? ????????????????? ?????????? ??????? ? ?????? ?????????? ??????????????? ???? ????? ? «????????» — ?? 4 ??????? ?? 12. - To increase the representation of the Kyrgyz side of the board in proportion to shares in "Centerra" - up to 4 people from 12.

- ???????????? ?????? ??????? ?????????? «?????? ???? ????????», ? ? ?????????? ? ?????? ??????????? ????????, ????? ? ??????? 2013-2014 ????? ????-??????????? ???? ??????? ???????? ??, ?????? ??????????????? ?????? ????? 2015 ???? ?????? ???? ????????? ??. - To review the management bodies "Kumtor Gold Company," and in the future in a single management company that during years 2013-2014 Vice-President were elected by citizens of the Kyrgyz Republic, the head of the executive body after 2015 must be a citizen of the Kyrgyz Republic.

- ????????? ????????????????? ?? ?? ??????????? ?????????? ? ? ?????????????? ?????? ???????? «????????». - To increase the representation of the CD in management and in the executive body of "Centerra".

- ???????????? ????????? ????????????? ????? ? ??????? $310 ???. ?? ??????????? ?????????? ????? ? ??????? ?????????? ? ?????????? ??????????? ????? ???????? ?????? ???????????????? ??; - Review the annual fee of $ 310 thousand for the pollution in the direction of increasing the recalculation of the actual board according to the norms of legislation of the Kyrgyz Republic;

- ???????? ????????????? ????????????? ??, ?????????? ? ?????????? ? ????? ????????. - To cancel the obligations of the Government of the Kyrgyz Republic, as reflected in the agreement on the new conditions. ????????????? ??????????? «?????? ???? ???????» ????????? ??? ?????? ?? ????????????? ??????? ????? ?????????? ????? ?? ??????? ??????; Obligation to provide the "Kumtor Gold Company" do all the work on rehabilitation facility after completion of the work on the Kumtor mine;

- ????????????? ??????????? «?????? ???? ???????» ??????????? ??????????? ?????? ????????????? ????????, ?? ????????? ?????????? ?????????? ????? ?????????? ??????? ????? ????????????? ??? ???????? ??????? ??????; - To provide for duty "Kumtor Gold Company" technical project reclamation facilities, based on Technical Proposal to determine the amount of financial resources of the Fund for the restoration of objects Kumtor project;

- ???????? ????????? ????? ??????? ??????, ?? ???? ??????? ?? ??????????????? ???????? ???????????????? ??; - Change the tax treatment of the Kumtor project, that is to move to taxation under the laws of the Kyrgyz Republic;

- ????????????? ?????? ???? ????????, ??????, ?????????? ???????? ???????????? ???????????????? ??; - To provide for the payment of all fees, charges, contributions under the law of the Kyrgyz Republic;

- ??????????? ?????????????? ????????????? ??????? ?? 6 ???? 2009 ???? ? ????????? ?? ???????????? ??????????. - Terminate the revised concession agreement dated June 6, 2009, with a transition to a license agreement.

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