Canada’s Centerra Gold (TSX:CG) and the Kyrgyz Republic have finally completed all conditions included in a deal signed in Sept. 2017 ending long-dragged out environmental and economic disputes over the company’s Kumtor gold mine, the country’s largest.

The agreement, first expected to close in May 2018, but delayed multiple times, also cancels mutual lawsuits, including the government’s environmental claims against Centerra and its subsidiary.

Centerra has committed more than $10 million in additional contributions to the country, above those required in the strategic settlement

In return, the company has allocated more than $10 million in additional contributions above those required in the strategic settlement to “strengthen its social license to operate.”

 

 
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