The Government of Kyrgyzstan will withdraw all the claims against Kumtor Company. They were filed earlier and related to the requirements to compensate for environmental damage caused by the development of the field.
Answering the questions of journalists, the head of the State Committee for Industry, Energy and Subsoil Use, Ulan Ryskulov, recalled that according to the document, signed by the government of
Recall, the government of
On September 11, 2017, the parties reached mutual understanding and withdrew their claims to each other.
The Canadian investor and the government of the
As part of the agreements reached, Centerra Gold Inc. is ready to transfer $ 50 million to the Nature Development Fund to finance environmental protection measures. The money is planned to be used for the modernization and construction of new modern treatment facilities in the water area of
In addition, the annual environmental payment, set by the 2009 agreement, has been increased from $ 310,000 to $ 3 million. Kumtor Gold Company will comply with all recommendations of AMEC, which was previously engaged by the Kyrgyz government as an independent international environmental consultant.