«Having signed an agreement with
«First of all, we want to settle all environmental disputes. The company will pay $ 50 million as a lump sum for environmental activities in the water area of
According to him, the recultivation fund, which by the closure of the mine should have $ 69 million, will be renamed into a trust fund. All savings — $ 23 million so far — will be transferred from
«In addition, an agreement was reached to establish a joint venture with Centerra to conduct additional exploration work, for which the company plans to allocate $ 10 million. A citizen of
There is still a lot of work at Kumtor field. This is a gold-bearing area, exploration can be carried out in the untreated area of the mine.Duishenbek Zilaliev
According to him, many mistakenly believe that all questions on Kumtor will end on this, but this is not so. «We are implementing only the first stage. The subject for further negotiations will be an increase in the share of
At the same time, in his opinion, the country has promising prospects with the acquisition by Centerra the North American mining company Thompson Creek.
«Initially, when our stake in Centerra after the deal was reduced to 26.6 percent, we also took the news negatively, but after studying the economic feasibility of the agreement and the arguments of local and foreign experts, we realized that this was a very profitable acquisition. Gold reserves of Thompson Creek amount to about 180 tons, copper — 991,000 tons. And if additional exploration on the flanks is made, one can extend the life of the field up to 30 years. Even if 10 years later Kumtor stops, we, as the main shareholder of Centerra, will receive profit in the form of dividends for other 20 years. This is a long-term investment,» Duishenbek Zilaliev summed up.