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The Price of Gold: Kyrgyzstan’s Showdown With Western Investors (Fight over a big gold mine)
The Diplomat (Asian News) ^ | 24 September 2021 | Gabriel Gavin

Posted on 10/01/2021 8:27:58 PM PDT by MeneMeneTekelUpharsin

On the surface, Kyrgyzstan is one of the world’s poorest nations, but just beneath the ground it holds almost unimaginable wealth. Carved high into the side of the Tien Shan mountain range, the Kumtor gold mine was built to extract that wealth, making the Central Asian nation, and the Canadian firm behind the project, rich in the process.

Instead, the vast mine, one of the world’s largest, has become the center of a long-running political row. In May, just weeks after being inaugurated as the country’s president following violent riots last October, Sadyr Japyrov ordered officials to roll in and take charge of the site, claiming that the operator, Toronto-based Centerra Gold, was failing to maintain safe working conditions and risking an ecological catastrophe. Since then, authorities in the capital, Bishkek, have effectively torn up a series of agreements stretching over three decades that saw foreign investors plow millions into the country.

(Excerpt) Read more at thediplomat.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: centerra; gold; kyrgyzstan; mine
If a Republican were President, this would have been all over the news and a reason for major movement in the markets. Now, a fight over one of the world's largest gold mines doesn't even merit a mention by the fake news folks.
1 posted on 10/01/2021 8:27:58 PM PDT by MeneMeneTekelUpharsin
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To: MeneMeneTekelUpharsin

I don’t consider it big news. I’m not surprised or disappointed that it’s not getting much coverage.


2 posted on 10/01/2021 8:46:37 PM PDT by be-baw
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To: MeneMeneTekelUpharsin

Gold Rush!


3 posted on 10/01/2021 9:35:47 PM PDT by Noumenon (The Second Amendment exists primarily to deal with those who just won't take no for an answer. KTF)
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To: MeneMeneTekelUpharsin

Wondering what the accessibility is to water near that mine?


4 posted on 10/01/2021 10:35:37 PM PDT by The Duke (Search for 'Sydney Ducks' and understand what is needed.)
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