Canada's Centerra Gold (TSX:CG) has once again agreed to extend the deadline for completion of all conditions included in a deal it signed in September with the Kyrgyz government, ending long-dragged environmental and economic disputes over the firm's Kumtor gold mine, the country's largest.
Fifth deadline extension seeks reaching final agreement that would end long-running dispute over Kumtor gold mine.
The announcement comes two months after MINING.com reported the country's new Prime Minister, Muhammadkaliy Abylgaziev, was reviewing the agreement signed by his predecessor, adding his administration planned to submit to parliament its own proposals regarding the document. The authority, however, didn't elaborate on when or how radical those suggested changes might be.
The news also follows recent charges of corruption against former Prime Minister Sapar Isakov, who signed the strategic agreement with Centerra last year — a development local media said it could jeopardize the legitimacy of the pact.