Authorities plan to sign an additional agreement on the Kumtor project

According to Cabinet of Ministers resolution No. 747, signed on November 9 by Chairman of the Cabinet of Ministers Adylbek Kasymaliev, the authorities intend to approve the additional agreement in the official language to the revised investment agreement. This measure is necessary to maintain the uninterrupted and efficient operation of the mine under the new conditions.

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1. New agreement on the Kumtor project
2. What has changed: Cabinet approved additional agreement to the investment contract; Document required due to Centerra Gold Inc.'s exit from the project; Goal is to ensure uninterrupted mine operations
3. History of agreements: September 11, 2017 — Approval of the agreement by government decree; August 7, 2019 — Assumption of obligations by Kumtor Gold Company CJSC; December 26, 2023 — Termination of the environmental protection and investment development agreement
4. The new agreement is intended to fill legal and operational gaps arising from the change in the project's composition of participants.

Reasons for the decision

The primary factor for preparing the document was the exit of the Canadian company Centerra Gold Inc. from the Kumtor project. The new agreement is intended to fill legal and operational gaps arising from this change in the composition of participants.

Legal framework

The procedure relies on a number of previously adopted documents and obligations regulating the operation of the gold mining complex. In particular, the decision was made in accordance with Article 3 of the Law of the KR on the ratification of the agreement on new terms for the Kumtor project.