Since 2020, the Public Fund “Insan Generation” has been implementing a project retraining workers of sewing industry and improving their working conditions in Ton and Jety-Ogus districts, Issyk-Kul province, with the support of Kumtor Gold Company. KGC contributed more than 8.2 million soms in financial aid for this project.
Toronto, Canada, April 12, 2021: Centerra Gold Inc. (the “Company” or “Centerra”) (TSX: CG) is pleased to announce that the Company has received approval to list its common shares on the New York Stock Exchange (NYSE). Trading of the Company’s common shares is expected to commence under the symbol “CGAU” on Thursday, April 15, 2021. The Company’s primary exchange will remain the Toronto Stock Exchange.
Kumtor awarded 5 million soms in financial aid to implement a project encouraging Jety-Oguz farmers to grow wheat. These funds were used to purchase 170 tonnes of winter wheat seeds (Bezostaya primary seeds). As a result, the seeds were distributed to a total of 34 groups, 5 to 10 farmers in each, in each of 19 villages of Jety-Oguz district. The seeds return terms are based on the ratio of 1 to 1.5. For example, if you borrowed 1 tonne you are expected to return 1.5 tonnes. Having received the seeds, the farmers sowed nearly 570 hectares of arable land.
As disclosed in January 2021, a waste sorting plant has been put into operation in the city of Balykchi largely due to the support of Kumtor Gold Company which contributed approximately 5.5 million soms for purchasing waste sorting equipment from Russia. The project is implemented by Improvement and Sanitation, the municipal service operating at the Balykchi city administration.