The article says:
Canada’s Centerra Gold (TSX:CG) received Monday a new slap in the face from Kyrgyzs authorities after a court ruled its local subsidiary, Kumtor, will have to pay about $10,000 for environmental damage.
The decision comes less than a month after prosecutors raided Centerra’s offices in the Central Asian republic to collect documents related to a separate criminal case alleging financial violations by the firm.
Ruling is one of the latest signs of renewed tensions between the Kyrgyzstan government and the miner, which have been locked in a bitter dispute for years.
The ruling is one of the latest signs of renewed tensions between the Kyrgyzstan government and the firm, which have been locked in a bitter dispute over profit sharing for over two years.
The government wants to swap its 32.7% stake in Centerra for half of a joint venture that would control the Kumtor gold mine...read more
It begs the question whether this ongoing confrontation will ever be resolved without Centerra losing control. It seems unlikely. Ho hum! Welcome to Central Asia.