Kyrgyzstan Puts Pressure on Centerra Gold With New Deadline

Mining Weekly reported that Kyrgyzstan has given Centerra Gold a deadline in three months to amend their deal for the Kumtor mine, accusing them of causing environmental damage and underpayment.

As quoted in the market report:

If within three months our negotiations yield no results, the government will unilaterally cancel the agreement,” Economy Minister Temir Sariyev said during the debate on Wednesday.

To view the whole Mining Weekly report, click here.

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Otis-Gold-LogoOtis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.

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