Kyrgyzstan and Canada's Centerra end Kumtor gold mine dispute

Centerra Gold

04/04/2022 11:30

LONDON, April 4 (Reuters) - The Kyrgyzstan government on
Monday said it has reached an out-of-court settlement with
Centerra Gold  CG.TO  over ownership and management of the
Kumtor gold mine (KGC), ending a series of legal challenges
launched by both parties over the past year. 
    In a televised announcement at 12:30 GMT, the President of
the Kyrgyz Republic Sadyr Japarov is scheduled to say that
state-owned Kyrgyzaltyn will own Kumtor and retain the income it
earned since it was seized from Canada's Centerra, according to
an advanced release of the agreement seen by Reuters.

 (Reporting by Clara Denina and Zandi Shabalala
Editing by David Goodman)
 ((Clara.Denina@thomsonreuters.com;))