Nationalized Gold Mine Output Dips in Kyrgyzstan ...Middle East

OILPRICE - Economy
Nationalized Gold Mine Output Dips in Kyrgyzstan
source : OILPRICE ( Middle East ) () 46
The nationalization of the Kumtor gold mine in Kyrgyzstan has not lived up to official billing, in terms of expanding the flow of revenue into state coffers and driving growth. Company figures show production has steadily fallen in recent years, and income for the state budget has declined. President Sadyr Japarov’s administration took over management of the mine in 2021 from Centerra Gold, a Canadian firm, amid allegations of environmental hazards and mismanagement, as well as a dispute over profit-sharing arrangements. In 2022, after a…

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