FEB. 18 2015 (The Conway Bulletin) — Uzbekistan increased gold production in 2014 by 4.1% to 102 tonnes, media reported quoting the US Geological Survey. Gold is an important source of foreign cash for the Uzbek government. Uzbekistan is now the seventh largest gold producer in the world.
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(News report from Issue No. 220, published on Feb. 25 2015
JAN. 19 2015 (The Conway Bulletin) — Centerra Gold, the Toronto-based mining company, said it will produce around 10% less gold from its Kumtor gold mine in eastern Kyrgyzstan this year. The company didn’t specify why gold production at Kumtor would drop this year. This is significant, though, as Kumtor is Kyrgyzstan’s single biggest industrial asset.
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(News report from Issue No. 215, published on Jan. 21 2015)
APRIL 28 2014 (The Conway Bulletin) — Officials from Chinese gold miners flew to Dushanbe to discuss deals with their Tajik counterparts, media reported. China has been boosting its presence in Tajikistan significantly over the past few years. Tajikistan needs expertise to develop its gold deposits.
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(News report from Issue No. 182, published on April 30 2014)
APRIL 22 2014 (The Conway Bulletin) — Anglo Asian, Azerbaijan’s biggest gold producer, increased production by a third in the first three months of 2014, it said. Anglo Asian, which is listed on the London Stock Exchange, also increased its output forecast for the whole of 2014 by 29%.
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(News report from Issue No. 181, published on April 23 2014)
MARCH 14 2014 (The Conway Bulletin) — It’s not just Western mining companies in Kyrgyzstan that have come under pressure to pay extra fines. Kyrgyz media reported that the local authorities in northern Kyrgyzstan want the Chinese-run Taldy Bulak Levoberezhni gold mine to pay $143m every year for environmental damage. Chinese firms are generally unpopular in Kyrgyzstan.
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(News report from Issue No. 176, published on March 19 2014)
JAN. 7 2014 (The Conway Bulletin) — Kyrgyzstan’s government was set to discuss a tentative deal with Toronto-listed Centerra Gold over joint ownership of the Kumtor gold mine. The discussion may resolve the long-running ownership dispute. Kyrgyzstan could potentially swap its 32.7% stake in Centerra Gold for a 50% stake directly in Kumtor.
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(News report from Issue No. 166, published on Jan. 8 2014)
DEC. 6 2013 (The Conway Bulletin) — Kyrgyzstan filed a $304m claim for environmental damage against Toronto-listed Centerra Gold’s operation at the Kumtor gold mine in the east of the country. The claim is probably designed to pile pressure on Centerra Gold to relinquish a larger stake in the Kumtor mine to the Kyrygz state.
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(News report from Issue No. 164, published on Dec. 11 2013)
NOV. 7 2013 (The Conway Bulletin) — Kyrgyz President Almazbek Atambayev told the BBC that he might try to nationalise the Kumtor gold mine in the east of the country. Kyrgyzstan is locked in negotiations with Centerra Gold, listed in Toronto, which owns a majority stake in Kumtor, the country’s largest industrial asset.
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(News report from Issue No. 160, published on Nov. 13 2013)
OCT. 31 2013 (The Conway Bulletin) — Talking to Reuters, Ian Atkinson, CEO of Toronto-listed mining company Centerra Gold, said shareholders would reject a demand from the Kyrgyz government that they reduce their stake in the Kumtor gold mine to 33%. A tentative 50-50 deal had been agreed but Kyrgyzstan wants a bigger stake in the country’s main economic asset.
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(News report from Issue No. 159, published on Nov. 6 2013)
OCT. 23 2013 (The Conway Bulletin) — Kyrgyzstan’s parliament voted against a deal with Toronto-listed Centerra Gold to split ownership of the Kumtor gold mine 50-50. Instead, parliamentarians want a new agreement which gives the country a majority 67% stake in Kumtor, Kyrgyzstan’s single biggest industrial asset.
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(News report from Issue No. 158, published on Oct. 30 2013)