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Kyrgyzstan set to complete seizure of Centerra gold mine
From Agence France-Presse
via Yahoo News, Sunnyvale, California
Wednesday, August 11, 2021
Kyrgyzstan said today that it had launched the process of kicking out its largest foreign investor, Canada's Centerra Gold, over "large-scale corruption" at the impoverished country's largest gold mine.
Kyrgyz authorities earlier this year seized control over the mine formerly operated by the company which accounted for 12.5 percent of Kyrgyzstan's GDP in 2020 and has long fuelled political struggles in the ex-Soviet republic.
... Dispatch continues below ...
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The country's security committee said the process of cancelling the agreement between the Kyrgyz government and Centerra had aready begun, with an ongoing investigation finding "large-scale corruption throughout the entire period of cooperation" between the government and the companies operating the mine. ...
... For the remainder of the report:
https://www.yahoo.com/news/kyrgyzstan-set-complete-seizure-canada-111424299.html
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