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Chaarat confirms Kumtor acquisition plans

Chaarat Gold (AIM:CGH) has confirmed that it has jointly offered to acquire Centerra Gold’s Kumtor mine in the Kyrgyz Republic with the state consortium, Kyrgyzaltyn, for US$800 million.

Staff reporter
Chaarat wants to acquire half of Centerra's Kumtor gold mine

Chaarat wants to acquire half of Centerra's Kumtor gold mine

The proposed acquisition would give Chaarat 50% ownership in Kumtor, including its common equity and management and operation of the mine, while Kyrgyzaltyn would own the mine's preferred equity and be...

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