Kyrgyzstan will be restored in the LBMA Good Delivery List as soon as it completes negotiations with Centerra Gold. The Chairman of the Cabinet of Ministers of Kyrgyzstan Akylbek Japarov said.
According to him, the head of Kyrgyzaltyn JSC keeps this issue under control. The audit of both the company itself and the refinery in Kara-Balta has already been conducted. There are no questions about its activities.
«Nothing has changed except for the form of management. Therefore, as soon as we complete negotiations on Kumtor, we will return to the Good Delivery List. Kumtor is now forced to sell its bullions at a discount. I can not voice the size of the discount, but it is. This is a worldwide practice. After all, after buying gold, buyers need to take it to a factory included in the list,» Akylbek Japarov said.
The London Bullion Market Association (LBMA) has suspended Kyrgyzaltyn JSC from the LBMA Good Delivery List for failing to meet the requirements of the Responsible Sourcing Programme. It can negatively affect the activities of the refinery, the cost of gold and the investment attractiveness of Kyrgyzstan.
