Centerra Gold Inc. (Centerra), Kumtor Gold Company (KGC) and Kumtor Operating Company (KOC) have reported operating results of the 3rd quarter of 2013. In the first nine months of 2013, the Kumtor mine produced 252,272 ounces* (one troy ounce equals to 31,10348 grams) or 7,846.5 kg of gold, and contributed more than 3.6 billion soms in taxes and mandatory payments to the Kyrgyz Government. 

Centerra Gold Inc. (TSX: CGO) released improved year-on-year third-quarter financial and operational results but the focus remains on the company’s latest issues with its Kumtor operation in Kyrgyzstan.

The Information Bureau of Kumtor Company in Balykchi has moved to the center of the city and is now located at the following address: 372A, St Frunzenskaya. The new building houses, in addition to the Information Bureau, the office of the Balykchi Finance Microcredit Agency and an AVEP-led tourist center. The Company’s Information Bureau is located in an old shop building that has stood idle for years. The building has been rebuilt, re-equipped and refurnished. “Previously, our Information Center was located in the territory of the Balykchi Marshalling Yard – a circumstance that caused inconvenience to many people as they had to cross the city to get there. We’ve relocated it and, hopefully, information about our work will now be accessible to more people,” said Kumtor’s Sustainable Development Director Douglas Grier, adding that the Center building would be used to organize business planning trainings and other seminars for Company employees. As for the office of the Balykchi Finance Microcredit Agency which was founded two years ago to grant easy terms loans encouraging small and medium-sized businesses, it also needed refurbishment. Thanks to the Company’s investment it would be much easier for the customers to get to the new office which […]

Representatives of village administrations, local residents and the KR Government’s envoy in Issyk-Kul province Emilbek Kaptagayev have taken part in the symbolic ceremony of returning 2,000 hectares of land surrounding the villages of Lipenka and Ak-Dobo to agriculture

On October 24, 2013 Kumtor Company and Kyrgyz Agro-Input Enterprise Development (KAED) Project conducted inauguration ceremony of two rehabilitated sites in Issyk-Kul oblast. The inauguration ceremony took place near rehabilitated dam in Ichke-Bulun village

On October 22-23, 2013, representatives of 12 snow leopard range countries and the international conservation community will gather in Bishkek, Kyrgyz Republic, for the Global Snow Leopard Conservation Forum. The objective of the Forum is to discuss urgent actions and a new global strategy to address conservation of the endangered snow leopard and its habitat in the critical ecosystems of Central Asia. Kumtor Gold Company has been promoting and supporting snow leopard habitat monitoring and conservation opportunities since operations started in 1997. These activities have been carried out in collaboration with the Sarychat Ertash Nature Reserve, Flora and Fauna International, an international NGO, and other leading Kyrgyz and international Scientists and NGOs. Outcomes of such activities, which were co-funded by grants from the International Finance Corporation (IFC, a member of the World Bank Group) and the European Bank for Reconstruction and Development, include the development of a Draft Management Plan for the Sarychat Ertash Nature Reserve, which was established to study and protect the snow leopard and other species. Discussion during a biodiversity stakeholder workshop convened by Kumtor in October 2012 highlighted that, since Kumtor’s operations started in the mid-1990s, the number of the Marco Polo sheep near Kumtor has […]

To the President of the Kyrgyz Republic To the Prime Minister of the Kyrgyz Republic To the Members of Jogorku Kenesh of the Kyrgyz Republic   Dear gentlemen, Kumtor provides more than 5,000 families in Kyrgyzstan with jobs, decent wages and confidence in future. Our Company contributes billions in soms to the national budget and honestly makes payments to the Social Fund for our pensioners to get pensions in time. Regrettably, the Company has again become an object of political gambling. The new protests surrounding Kumtor do not only hamper normal operation of the mine but also, most negatively, impact on the employees and their determination to work. The pseudo-patriots speaking on behalf of the people and allegedly advocating the national interests of Kyrgyzstan do not quite realize what their adventurous actions may lead to. All the recent pronouncements of politicians on Kumtor are full of unprofessional statements and demonstrate no attempts to make sense of the situation. Rather, they demonstrate their wish to gain political capital for their coming fight for power. That’s what has really made residents of the same province oppose each other. The Government has held negotiations. Even a schoolboy will understand that 50% of the […]

Work on renovating a 3-kilometer stretch of the Balykchi-Bokonbayevo-Karakol motor road, one between the 89th and the 92nd kilometers, is in progress in Issyk-Kul province. The stretch between the village of Bokonbayevo and the village of Ton has been selected upon consultation with the local authorities as one most wanting repair. This is one of the first steps taken under a renovation program for the motor-road of national importance running along the southern coast of Issyk-Kul Lake. The following work was completed by the end of the first week of October 2013: • the upper layer of the road surface was removed and the road leveled; • the road was 97% expanded to reach the planned 9 meters in width; • work on the installation of water floods and mudflow protection conduit pipes is nearing its end; • a coating plant assemblage and installation of power supply lines was completed. After being tested the plant will be ready for operation; • road metalling, the backbone of the future road, was begun. It will be remembered that Kumtor Company has contributed US $1.9 mln for this project. The tender for which four road construction companies were bidding was won by Imperia […]

The heart of this remarkable person and highly qualified specialist, Candidate of Science (Technology), head of the Laboratory of Mathematical and Cartographic Modeling of Natural Processes at the Institute of Water and Hydropower Problems, National Academy of Sciences of the Kyrgyz Republic, has stopped beating. Valery Andreyevitch, the author of 87 research papers, was an expert of the highest profile in the field of glaciology, who made great contribution to the studies of the aquatic ecology of the high mountain areas of Kyrgyzstan by applying a unique methodology of mathematical and cartographic modeling. V.A. Kuzmichenok has provided great support for the development of the Kumtor mine. From the very start, Valery Andreyevitch has been the Company’s consultant in studying the status of glaciers while mining operations and efforts towards the development of the Project have been built on his research. The departure of Valery Andreyevitch is an irreparable loss to all of us. His memory is embalmed in the hearts of his numerous friends and co-workers.

A sales outlet was officially opened in Bishkek on October 2, 2013, to offer goods produced by jamaats, or members of the Association “One Village One Product” (OVOP). The outlet is located at a Gazpromneft Asia gas station at the intersection of Ibraimov St. and Jibek Jolu St. Hand-made soap, white honey, various jams, unique felt and many other handicraft will now be accessible to the public at the most frequented Gazpromneft gas stations

A National Graeco-Roman Wrestling Championship was held on September 29-30, 2013, in the village of Saruu Jety-Oguz district

In our lives there is room not only for heroic deeds but also for unostentatious human charity. This has been demonstrated by Kumtor Company employees who have organized, of their free will, a fund-raising campaign for a nursing home located at the village of Nizhnyaya Seraphimovka