Yesterday, Almazbek Atanbayev, president of former USSR Muslim-majority Republic, Kyrgyzstan, declared a state of emergency in Kumtor district in the north of the country after protests at the country’s largest gold mine turned into violent riots. One protester has died while 42 protestor and 13 police were reported injured on Friday while hundreds of protesters were arrested.
The huge mining operation is run by Toronto-based Centrra Gold. The Kumtor Operating Company was established in 1992 by Cameco corporation which had been to Kumtor gold deposits in Kyrgyzstan while looking for Uranium properties in the country. The gold production at Kumtor began in 1997 and Centerra Gold was formed in 2004 acquiring all the gold assets of Cameco. Today, Centerra Gold’s Kumtor mine in Kyrgyzstan is the biggest western-owned gold mined in Central Asia, producing around 600,000 ounces of gold per year. The mine produced a total of 260.7 tonnes of gold between 1997 and 2011. The mine is leased to Centerra Gold until 2021.
“The story of Kumtor is very much the story of the Kyrgyz Republic,” says Michael Fischer (I hope no relaton to MIT ‘Self-Hating, Israel-Threatening’ Jewish professor Michael MJ Fischer), president of Kumtor Operating Company.
The Kyrgyzstan government receives 33% of the total gold mined.
On May 30, Canterra Gold suspended its mining and milling operations until safe and secure access and grid power has been restored to the facility.
After two western-sponsored revolutions in last eight years, nationalists in Kyrgyzstan are threatening to return to the streets to topple another government unless it exproperiates the Kumtor gold mine, a treasure they say was sold off to cheap to foreigners.
Kyrgyzstan and Canadian Gold-diggers | Rehmat's World