Ice Problems at Gold Mine Hurt Kyrgyzstan Economy

Reuters reported that ice movement at Kyrgyzstan’s Kumtor gold mine has stalled output and hurt the country’s overall economy.

As quoted in the market news:

Hard hit by the slump in Kumtor’s output, Kyrgyzstan’s GDP shrank by 6.4 percent in January-May of this year compared with the same period of 2011, data released by the National Statistics Committee showed on Friday.

Click here to read the full Reuters report.