Hints and tips:
...It also fined the company $3bn....
...state takeover of the Kumtor Gold Company....
...Last year, Kyrgyzstan seized control of a huge gold mine from the Canada’s Centerra Gold....
...Earlier this year, an employee of a large company in Nigeria was abducted by armed gunmen while travelling along the Abuja-Kaduna highway....
...In May it made an $800m bid for the Kumtor gold mine in Kyrgyzstan from Centerra Gold, which was rejected by the company....
...The company in May made an $800m bid for the Kumtor gold mine in Kyrgyzstan from Centerra Gold, which rejected by the company....
...Such a fine “would require either a major rights issue or could lead the company to bankruptcy”, said Jefferies....
...Embarking on the second, underground phase of the mine could start a new flow of investment from Rio Tinto, the Anglo-American mining company, but the cash-strapped Mongolian state would also have to stump...
...triggering a slump in the tugrik....
...In Kyrgyzstan, the government gets a 14 per cent gross revenue tax and has a 33 per cent stake in Centerra itself, which is a publicly listed company with operations in Mongolia as well as Kyrgyzstan and...
...Foreign investment in Indonesia could take a hit following a recent government decree barring foreign companies from owning more than 49 per cent of certain mines....
...Canadian mining company Centerra Gold is also rumoured to have expressed interest in it....
...Centerra Gold, a Toronto-listed company with operations at Mongolia’s Boroo mine, is up 5.5 per cent year to date....
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