Business
Canada ‘very concerned’ about Kyrgyzstan’s takeover of Centerra gold mine – Sydney Morning Herald
A new Kyrgyzstan law allows the government to take control of the company for three months if, as RFERL reports, the company “damages or endangers the local environment”….
Ottawa: Canada said it was very concerned by Kyrgyzstans move to impose external management on Centerra Golds Kumtor Gold Company and warned it could have far-reaching consequences on foreign investment in the country.
Centerra said on Sunday (Ottawa-time) it had initiated binding arbitration against the Kyrgyzstan government, after the central Asian governments Parliament passed a law allowing the state to temporarily take over the companys Kumtor gold mine, the countrys biggest industrial enterprise.
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