The global crisis has undermined popular trust in financial institutions seriously and for a long time. Exchange rates of the most stable world currencies have collapsed thus spurring demand for gold and leading to a massive spike in gold prices.

At the meeting of the Ata-Meken faction on November 2, 2011, Member of Parliament Karganbek Samakov cast doubt on the actual gold production statistics at Kumtor. Thus, according to the MP, “the waste rock at Kumtor today is 160,000 cubic meters. One cubic meter of ore yields at least 5 grammes of gold or over 30 grammes at best.

On October 19, 2011, a rehabilitated primary school was officially opened in the village of Krasnaya Rechka, Chu province. This primary school is part of a special boarding school created for handicapped and uncared for children.

A National Thematic Exhibition, Mining – 2011, was held at the Exhibition Center of the KR National Academy of Science on September 27-28, 2011.

A national Graeco-Roman wrestling competition was held in the village of Saruu, Jety-Oguz district, on September 23-24, 2011.

Yesterday on September 19, 2011 at 16:37, without getting approval of KOC management, Member of KR Parliament Erkingul Imankojoeva accompanied by 11 people came up to the Kumtor Mine

On September 19, 2011, a group of Jogorku Kenesh members, including Ravshan Jeenbekov, Dastan Bekeshov, Abdyjapar Bekmatov, Zamir Alymbekov, member of Bishkek City Kenesh Jusup Boshkoyev and the accompanying persons visited the Kumtor mine site

Kumtor Operating Company is testing a new biopolymer agent for dust suppression purposes on the approach road to the Kumtor mine.

Between September 12 and 16, 2011, Bishkek will be the venue for the Week of Corporate Social Responsibility. The Week, for the first time in Kyrgyzstan, was organized by CSR Business Network

On August 30, 2011, Prime Minister of the Kyrgyz Republic Almazbek Atambayev met with the President of Centerra Gold Inc., the company that is developing the Kumtor gold deposit in Issyk-Kul oblast.

Results of the Second Quarter of 2011 Centerra Gold Inc. (TSX: CG) and Kumtor Operating Company (KOC) have summed up the results of the second quarter of 2011. During the period between April and June 2011, Kumtor produced 139,077 ounces¹ or 4,325.8 kg of gold.

A Kindergarten Opened at Ton, Issyk-Kul Province A kindergarten opened in the village of Ton, Ton district, Issyk-Kul province. It was renovated with the support of Kumtor Operating Company. Also, the gold miner provided assistance in the purchasing of equipment, household appliances, toys and essential goods. The opening ceremony was attended by a good half of the village residents and a small concert was given by local children. The comfortable and fully-equipped building will receive its young charges as soon as September, 2011. Noteworthily, as many as nine social projects have been launched with KOC’s support in the Ton district, Issyk-Kul province, this year. Cooperation is also developed with UNIFEM (UN Women), local authorities and NGOs. KOC has contributed US $130,000 to a small-grant program as part of the project designed to improve the social infrastructure of the Ton district. UN Women, for its part, has undertaken to organize and hold a competition of small-grant seeker projects. As a result, nine 10,000-dollar projects have been selected. The kindergarten is a ninth project implemented in the Ton district so far with KOC’s backing. The Issyk-Kul Regional Development Fund, whose budget is formed out of KOC contributions, has also participated in the […]