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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: Quote, Profile, Research, Stock Buzz) 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.

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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