Pointless to blame the Canadians Pointless to blame the Canadians
Maalymat.KG
April 20, 2015Print version
Wrong to assume that the management of Centerra Gold Inc. falsified data on stocks of gold at "Kumtor". A similar opinion shared chairman of the Association of Foreign Investors Kairat Itibaev at the round table "Project Kumtor and Centerra Gold Inc: the possibility of corporate governance." The expert recalled that Kyrgyzstan refused to create a 50-50 joint venture based on the project "Kumtor" after the Canadians announced the reduction of gold reserves at the mine for 48 tons.
"As a result of the budget of our country will lose about $ 700 million - said Kairat Itibaev. - But we must understand that the losses incurred by not only Kyrgyzstan, but also the Centerra Gold Inc". A similar view is held by the director of finance company "Senti" Nelli Simonova . She stressed that any investor, regardless of nationality, always defends the interests of the organization, not the state, of which he is a citizen. "Unfortunately, not everyone understands that shareholders receive a bonus if the company's securities are rising in price. Shareholders disadvantageous to the issue of" Kumtor "politicized", - she said.
Interestingly, the experts agreed that Canadians are the least interested in how to tighten the controversy surrounding the field. As soon as our government will offer a reasonable compromise that will satisfy the interests of both parties, the leadership of Centerra Gold Inc. Kyrgyzstan will certainly meet. Also at the forum voiced opinion Centerra Gold Inc, that was not created in Kyrgyzstan, and in Canada. That is why the company is fully operational in accordance with Canadian law.
As the head of the Kyrgyz Stock Exchange closed up Andrew , Kyrgyzstan with its legislation has no right to dictate their terms to the company. However, our country can enjoy all the rights provided for by law in Canada in respect of private investors. "Now everyone understands that talk about creating an enterprise with a profit-sharing 50-50 inappropriate. On the one hand, it is remarkable that our government could so quickly respond to data on Canada's gold reserves. But on the other hand, got the impression that the Cabinet does not understand exactly what he wants from the project "Kumtor" and to cooperate with Centerra Gold Inc. will be correct to say that we are guilty of the situation. Wrong to blame Canadians, "- he said.
Indeed, due to the fault of our "Azamat" of power is successfully operating company is currently at an impasse. Now we have to admit his guilt and sit with foreign investors to the negotiating table. Enough disgrace to other countries ...