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Wednesday, February 27, 2013

Gold in the “Stans”: Challenges and Opportunities

The government has not only expressed concerns over the company’s tax payments, but also alleges that it has caused significant environmental damage. Five environmental claims issued in December for $150 million have now been followed by another environmental claim for $315 million. The Kyrgyz parliament has set a three-month deadline for the government to revise its 2009 deal with Centerra or terminate the arrangement unilaterally. Throwing more cold water on the situation, the mine was hit by a strike earlier this month.
http://goldinvestingnews.com/32656/gold-kyrgyzstan-kazakhstan-uzbekistan-tajikistan-soviet-union-turquoise-hill-centerra-newmont.html

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