TO: A. Sh. Atambaev KR President TO: A. Sh. Jeenbekov KR Parliament Speaker TO J. J. Satybaldiev KR Prime Minister Dear Mr. Atambaev, We, KOC employees, approach you with regard to the stringent situation around The Kumtor gold deposit. Based on the findings of the state and parliamentary commissions on the Kumtor Project, various political figures, leaders of public and environmental organizations launch legislative initiatives to denounce the Agreement on New Terms for the Kumtor Project dated 2009 and nationalize the Company as well as call for public active participation in this process under the mask of patriotic slogans abusing trust of ordinary people. Pursuing their own political goals, they do not think that the Agreement denunciation can result in entire Mine shutdown. Such shutdown can last for years during multiple international arbitration proceedings. Thus, 4,000 employees including their family members will be left with no jobs and means of subsistence. Currently, Kumtor is the only significant investment project being implemented in the country. The Company has operated since mid 90-s providing 10% of the country’s GDP, 40% of the industrial output, more than 50% of export and more 20% of all tax contributions of the state. According to the […]