The value shares Centerra Gold Inc. on the Toronto Stock on 17.06.2021: 7.99 USD Value of Kyrgyzstan's shares in Centerra Gold Inc. : 618 440 110 USD

Kumtor is the locomotive of Kyrgyzstan’s economic development

published: 20 August 2021

The scale of Kumtor operations has strategic importance for the development of the entire county’s economy, thus affecting the interests of a huge number of people. Realizing this responsibility, the Temporary External Manager of Kumtor Gold Company (KGC), Tengiz Bolturuk, formulated one of the most important principles of the company – to fully contribute to the development of Kyrgyzstan.

Today, Kumtor helps implement both national development projects and public initiatives.

The country’s economy begins with high-quality roads. Kumtor supported the initiative of Kyrgyz President Sadyr Japarov – to repair a strategic highway on the southern coast of the Issyk-Kul lake. The work began in August and is fully carried out by local companies. The reconstruction of the Balykchy-Barskon highway is being carried out for the first time in 50 years.

KGC itself initiates positive socio-economic changes in the regions by providing the necessary resources. A large metal bridge will soon appear in one of the settlements of Kyrgyzstan. The bridge is no longer used in the production process at the mine site. It was planned to be scraped, but KGC Temporary External Manager Tengiz Bolturuk instructed to preserve the structure and transfer it to the locality of the republic where it is urgently needed. KGC will help with the bridge transportation and installation.

A significant place in the Company’s social program is dedicated to the assistance provided to orphanages and nursing homes. Recently, Kumtor took under patronage the largest nursing home in the country – the Nijne-Serafimovka Social Institution for the elderly, solving problems with water supply and providing vehicles for senior citizens.

KGC systematically provides charitable assistance to those who are really in need. Kumtor handed over more than 45 tons of firewood to shepherds who live in the mine area. Such assistance to livestock breeders is vital, since even in summer the temperature in the Kumtor area can fall below zero, and trees do not grow at such an altitude.

“Our goal is to make Kumtor a truly socially responsible company. We want other mining companies to follow the KGC example. We need to be honest and do business in a transparent manner. It is our duty to help our country”, said Tengiz Bolturuk, Temporary External Manager of Kumtor Gold Company CJSC.

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Kumtor Gold Company CJSC (KGC) adheres to the philosophy of openness and transparency in its work. The KGC activities are exclusively subject to and governed by the laws of the Kyrgyz Republic.

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The value shares Centerra Gold Inc. on the Toronto Stock on 17.06.2021: 7.99 USD USD Value of Kyrgyzstan's shares in Centerra Gold Inc. : 618 440 110 USD
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