The value shares Centerra Gold Inc. on the Toronto Stock on 02.03.2021: 9.61 USD Value of Kyrgyzstan's shares in Centerra Gold Inc. : 743 830 971 USD

Kumtor Operating Company Will Pay More Than US $37 million In Reclamation Expenses for the Kumtor Mine

published: 20 July 2012

Kumtor Operating Company Will Pay More Than US $37 million In Reclamation Expenses for the Kumtor Mine Over US $9 Million Has Already Been Transferred to the Reclamation Trust Fund

In 2011, KOC transferred US $1.7 million to the Reclamation Trust Fund of the Kumtor mine. The Reserve was constituted pursuant to a Security Trust Deed of January 25, 1996, between Kumtor Gold Company, Rothschild Trust Corporation and Trust Fund Investor located in London (England). Currently, an issue of place Trust Fund in a finance-credit establishment located in Kyrgyzstan is discussed.

The Fund’s resources will be used to:
• meet regulatory requirements established by the Kyrgyz Republic for the Kumtor Project.
• ensure geotechnical stability.
• ensure health protection for the communities after closure.
• bring the land back to its former use.

The Annual Environmental Report is available here.

Previous publicationNo Serious Environmental Accidents Recorded by the Kumtor Company in 2011 Next publicationKUMTOR OPERATING COMPANY REPORTS A DISEASE OUTBREAK AT THE MINE SITE
The value shares Centerra Gold Inc. on the Toronto Stock on 02.03.2021: 9.61 USD USD Value of Kyrgyzstan's shares in Centerra Gold Inc. : 743 830 971 USD
© 2011-2021 "Kumtor Gold Company." Copying of materials is possible only with written permission.