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A gold mine takeover highlights increasing mining-sector risk

Dump trucks carrying the extracted gold ore from the mine site to the processing plant at the Kumtor gold mine, which is engaged in the development and exploration of gold deposits, located in the Issyk-Kul region, in the Tien Shan Mountains, 4000 meters above the sea level, some 450 kilometres from Bishkek. (AFP)Premium
Dump trucks carrying the extracted gold ore from the mine site to the processing plant at the Kumtor gold mine, which is engaged in the development and exploration of gold deposits, located in the Issyk-Kul region, in the Tien Shan Mountains, 4000 meters above the sea level, some 450 kilometres from Bishkek. (AFP)
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  • In Kyrgyzstan, the government seized a large mine owned by Canada’s Centerra Gold; the company now faces an uphill battle to get it back

Canada’s Centerra Gold Inc. invested more than $3 billion over nearly three decades to turn a remote gold prospect in Kyrgyzstan into a prosperous gold mine. Then in May, the mine was taken over by authorities in the former Soviet republic.

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