I just see all this vilification of western companies especially canadian companies as another sign that the influence of china here is everywhere , I hope we seize the shares and what will be will be after that .
Today, October 27, at the 4th meeting of the National Council for Sustainable Development, the President of Kyrgyzstan Almazbek Atambayev said the decision of the Canadian court to arrest the 60% stake in Kyrgyzstan in Centerra Gold.
"Kumtor" at all times and robbed our corrupt Canadian company Cameco. If it will continue to go on, we will take decisive action, "- said the president, adding that developed countries under the guise of civilized relations go on robbery small countries.
Reference
In January 2013, the General Prosecutor's Office opened a criminal case of Kyrgyzstan for the extension of the agreement with Kutesay Mining, despite the failure to license obligations in 2010 and 2011. Later, the case was referred for consideration to the Inter-District Court of Bishkek, which is March 19 supported the position of the Prosecutor General and acknowledged renewing licenses illegal.
In Kutesay Miniung reported that they considered all of the claims of the Prosecutor General unfounded, as in 2010-2011, the company has not complied with the stated amounts of work due to force majeure, which were caused by the events of April 2010, when the country was running out of President Kurmanbek Bakiyev and the work of all government agencies was paralyzed. In Kutesay Mining noted that two years all mining companies in the State Geology Agency did not coordinate work plans and reports are not accepted.
Stans Energy Corp. Kutesay Mining acquired in 2009 along with two licenses for mineral development Kutessay II (rare earth metals, bismuth, molybdenum, and silver) and Kalesay (beryllium, lead) until 2029 for $ 1 million.