The government expects to sign the final agreementStrange that they can expect to sign an aggrement with centerra about joint ownership when we still hold their shares surely they must know that it can not go ahead while the centerra shares are held back by the ontario courts .....
The government has set their sights on signing of the contract with Centerra in February
130 3
February 9, 2015 11:09
Nazgul Begaliyev
The government expects to sign the final agreement on the "Kumtor" with the Canadian mining company Centerra Gold Inc. during February. On this day, February 9, "WB" said its sources in the Cabinet.
According to the source, the negotiation process is "extremely difficult." "The final agreement to establish a joint venture" Kumtor "- a lengthy document, preparing it thoroughly. At present, developed version of our agreement, we have previously received from Centerra their vision of the agreement," - said the source.
Note previously reported that the final draft of the agreement on the "Kumtor" will be based on the memorandum "Kyrgyzaltyn". It was also noted that the Canadian party accepts the recommendations of the international company AMEC on environmental issues and is ready to fulfill them. But on January 20 at a press conference, Prime Minister Djoomart Otorbaev told about the controversial points regarding negotiations with Centerra Gold Inc. Joint venture "Kumtor". According to him, the government has come to the last phase of negotiations. "They insist that the left's Articles of Agreement in 2003, 2005 and 2009. We do not agree with this, because we have new laws. For these questions, we must come to a consensus" - then said Otorbaev.
Board of Directors meeting will be held next month Centerra in Toronto 4
Earlier, the parliament endorsed a memorandum on the creation of a joint venture "Kumtor". According to him, Kyrgyzstan and Centerra Gold Inc. create a joint venture with equal stakes. The share of other shareholders in Centerra - 67% - equivalent to a 50% stake in the joint venture, while to assimilate the Canadian company holds shares separately from the joint venture assets of $ 200 million (mobile equipment).