News & Publications

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 […]

The Kumtor Company and AVEP Public Foundation inform of their joint three-year project, Karagat+, designed to give a boost to communities and expand the potential of the fruit-and-berry market in Kyrgyzstan. The Project area will be the Issyk-Kul region, the southern coast of Lake Issyk-Kul in particular

The Corporate Social Responsibility Business Network and the Development Policy Institute awarded the winners of the “Partnership- 2012″ competition for the best coverage of the social responsibility of businesses in the media

In response to news, published yesterday by one of the information agencies, which stated that “from the start of its operations Kumtor Company has made payments to the Social Fund for two years only”, Media Relations Department of Kumtor Operating Company would like to explain the following: Kumtor Gold Company CJSC has been paying contributions to the State Social Fund throughout the whole period of its operations

In response to statements from various experts, officials and the general public recently in respect to the environmental situation at the Kumtor mine, pointing to alleged detrimental effects of the company’s production activities on the environment, Kumtor Company presents to the broad public the full texts of reports and the basic conclusions made by the laboratories of Germany and Slovenia. These reports were carried out at the request of the State Commission as part of its technical assessment of the Kumtor mine. Sampling and analyses performed at the Kumtor mine was done according to current guidelines and standard procedures established in the European Union and in Germany. In particular, the German experts note in their report: “The element concentrations and the cyanide and fluoride concentrations of the water samples collected largely correspond to the natural geochemical background levels. The analytical data do not provide evidence of the presence of undue high concentrations of cyanide and toxic elements in surface water at the sampling locations of this study. The increased levels of sulfate, nitrate and ammonia in the water of the Kumtor River about 5 km downwards of the Kumtor Gold Mine appear to require a closer examination with regard to […]

Gold Production and Sales in 2012 At the Kumtor mine, gold production was 315,238 ounces* or 9.8 tonnes for the full 2012 year. Gold sales at Kumtor were 314,987 ounces or 9.8 tonnes. Revenue from gold sales was $533.6 million

The Company has summed up the results of competitions held among the Kyrgyz organizations interested in supplying services and equipment to carry out operations at the Kumtor gold mine

On March 6, 2013 one of the information agencies reported that Mr. Boris Tikhomirov, the Director of Central Asian Programs of the German Nature and Biodiversity Conservation Union (NABU), has made several statements, which were factually wrong

Young residents of the Issyk-Kul region will be granted a unique opportunity to implement their ideas for benefiting local communities through their active participation in the YouthBank for Issyk-Kul project. Initiatives will be prioritized and run by young people and will be supported through a network of YouthBanks established in six localities across the Issyk-Kul province including Balykchy, Karakol, Bokonbayevo, Tamga, Tup and Kyzyl Suu

Management of Kumtor approved the Biodiversity Management Strategy and Plan for a region, where the Company operates. In January, the Company has already announced that it has completed the development of the Plan, drafted based on the recommendations of experts, representatives of NGOs and other stakeholders

We are offering you the second issue of the corporate newsletter, In touch, which is a monthly publication. Every issue of the newsletter contains details on the Company’s regional projects, environmental programs, operating plans and corporate developments. The newsletter will be available in Kyrgyz, Russian and English languages at the regional information centers and on the Company’s website. ISSUE 2 JAN 2013                        

In early December 2012, the State Inspectorate Office for Environmental and Technical Safety under the Government of the Kyrgyz Republic submitted a number of substantial claims and directions to Kumtor Operating Company CJSC. The company has examined and thoroughly analyzed the subject matter of the claims from the State Inspectorate Office, and the Company has submitted a notice of appeal dated January 4, 2013, and detailed responses and grounds relating to the notice of appeal dated January 28, 2013, to the Director of the State Inspectorate Office, Chair of the State Commission and Prime Minister of the Kyrgyz Republic. Kumtor Operating Company disagrees with the above claims and believes that the allegations contained in the claims are exaggerated and without foundation. Kumtor has always worked and continues to work in strict compliance with the law of the Kyrgyz Republic. The activities raised in the claims, particularly the mining and placement of waste rock on waste dumps, have been approved at all times by appropriate Kyrgyz authorities and are specifically referred to in Kumtor’s annual mine plans, which are submitted and approved annually by Kyrgyz authorities. The Company has decided to post its responses to the State Inspectorate Office and the […]