Kumtor Gold Mine

Kumtor Gold Mine (in Kirghiz, “Kumtör”) is an open-pit gold mining site in Issyk Kul Province of Kyrgyzstan located about 350 km (220 mi) southeast of the capital Bishkek and 80 km (50 mi) south of Lake Issyk-Kul near the border with China.

Kumtor is 100% owned by the Canadian mining company, Centerra Gold, through its wholly owned subsidiary, Kumtor Gold Company. The mine started operation in Q2 1997 and produced more than 5.8 million ounces (180,000 kg) of gold through the end of 2006. However, in mid June 2012, the Kyrgyz Parliament issued a resolution to review Kumtor’s compliance with relevant operational, environmental, health and safety and community standards. Stopping short of voting to nationalise the Kumtor mine, lawmakers instead directed the government to revise the contract, which gives Kyrgyzstan a 33% stake in the company while Centerra retains full ownership of the mine and its output.[1]

Located in Tian Shan mountains at more than 4,000 m (14,000 ft) above sea level, Kumtor is the second-highest gold mining operation in the world after Yanacocha gold mine in Peru.

Kyrgyz authorities on April 9, 2015 rejected any joint venture in Kumtor gold mines project and the Prime minister of Kyrgyzstan Djoomart Otorbaev has said that joint venture of Kumtor gold mines are not in the interest of his country.

Addressing a press conference on Thursday, Prime Minister Otorbaev indicated the change in entire management of Kumtor gold mine project and said that God saved Kyrgyzstan from signing the contract last year on unfavorable conditions because there were tricks involved in the project by the administration of the project.

Mistrust between the Canadian based company and Kyrgyzstan government intensified after company released financial report of the project on March 20, 2015.

The mine was linked to a major environmental incident in 1998 when a truck carrying 1,762 kg of sodium cyanide (a chemical used to dissolve gold from granulated ore, the use of which is highly controversial) fell into the Barskaun River on the way to Kumtor. Several people died and hundreds of villagers fell ill. After long protests and political struggle a compensation of 3.7 million US dollars was paid.[2] The operation of the mine continues to be the center of political and environmental controversialities.[3]

There are also 2 underground portals, and plans for further development. The minesite employs a limited number of technical experts from Canada, Australia, New Zealand, South Africa and all of the surrounding areas from Bishkek to Karakol. The mine affects glaciers which also causes trouble to the mining process.[4]

External links

Coordinates: 41°52′N 78°12′E / 41.867°N 78.200°E

References

  1. ↑ "Kyrgyzstan to Reconsider Licence with Centerra Gold". The Gazette of Central Asia (Satrapia). 29 June 2012. Retrieved 20 July 2012.
  2. ↑ http://www.berlinale.de/en/programm/berlinale_programm/datenblatt.php?film_id=20142609#tab=video25
  3. ↑ http://flowers-of-freedom.com/pages/about-gold.php
  4. ↑ http://wp.cedha.net/wp-content/uploads/2013/04/Kronenberg-2013-glaciers-and-mining.pdf