Kumtor pays all mandatory contributions to the Social Fund

published: 10 April 2013

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 strict compliance with laws and other regulatory acts of the Kyrgyz Republic. All payments made by the Company have been endorsed and audited by the Social Fund itself.

At the same time, we would like to note, that in the last four years, according to the statutory charges Kumtor’s contributions to the Social Fund have exceeded $56 million.