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Friday, July 6, 2012

Gold mining in Kyrgyzstan beset by rising resource nationalism, security risks and environmental concerns

Two revolutions, a number of tax disputes and a cyanide spill have meant the company has been forced to renegotiate its original contract several times before.
Environmental concerns – at least nominally – were the source of Centerra’s trouble this time around, although populism is also behind the attacks on foreign firms. Parliament was presented with an 800-page report detailing allegations of ecological crimes that have occurred at Kumtor, including poisoning water supplies, destroying plant life and thawing a nearby glacier.

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