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Centerra looks into reports of Kumtor suspension

Mon May 12, 2008 2:03pm EDT

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TORONTO, May 12 (Reuters) - Centerra Gold (CG.TO) said on Monday it was looking into media reports that the Kyrgyz Republic's supreme court had issued an order suspending certain agreements surround Centerra's Kumtor gold mine.

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Centerra has been waiting for the country's parliament to pass a tax and ownership agreement reached last fall that would give Kyrgyzstan a bigger stake in the company, while firming up the company's hold on the mine.

Centerra said it was seeking further clarification from the government.

($1=$1.00 Canadian) (Reporting by Cameron French; Editing by Bernadette Baum)

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