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mrstockguyon Feb 25, 2015 4:56pm
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Tokon Mamytov: JV on the project "Kumtor" will begin to fully operate when Kyrgyzstan enter it with its 77 million shares
24/02/15 12:32, Bishkek - IA «24.kg», Tatiana Kudryavtseva
"The joint venture project" Kumtor "will begin to fully operate only when Kyrgyzstan enter it with its 77 million shares", - told reporters today the chairman of the Board of JSC "Kyrgyzaltyn" Tokon Mamytov.
According to him, in the future we are entering a joint venture with the whole package of Kyrgyz shares in Centerra Gold Inc. At present, 47 million shares (60 per cent) were arrested on the claim of Stans Energy of the deposit Kutessay II.
"Indeed, if the shares were arrested, we can not enter into a joint venture. But we hope that the Court will win, and the arrest will be removed. In this case, we are entering without obstacles in the future joint venture. The arrest of shares does not mean that we can not sign an agreement to create a joint venture. It merely prevents it from start to work, "- said Tokon Mamytov.
Recall, on the eve of the company Centerra Gold reported that the proceedings of the Government of Kyrgyzstan with the company Stans Energy may prevent the creation of a joint venture for the development of the Kumtor gold deposit.