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Centerra Gold (CN:CG) says it is closer to reaching a settlement with the Kyrgyz government that could involve one-off payments totalling US$60 million and confirmation of existing agreements over the Kumtor gold mine.
Centerra’s Kumtor operations
Centerra has warned its flagship operation could be suspended if the matters weren’t successfully resolved.
Local media had reported details of the proposed settlement to the long-running dispute.
Deal to settle Kumtor gold mine dispute still needs shareholder approval
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