Kyrgyzstan Might Back Out of Centerra Gold Agreement in a Bid to Collect More Money

Reuters reported that Kyrgyzstan is considering backing out of its deal with Centerra Gold regarding the Kumtor Mine, in an effort to get more money from the gold miner.

As quoted in the market report:

The Kumtor mine, the largest gold deposit operated in central Asia by a western company, is vital for the politically wobbly and impoverished ex-Soviet state which has seen two presidents deposed by violent coups since 2005.

To view the whole Reuters report, click here. 

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