Centerra Gold’s Kyrgyzstan Subsidiary Charged $98M Penalty for Environmental Damage

Canada’s Centerra Gold’s Kyrgyzstan subsidiary, Kumtor Operating Company (KOC), has been ordered to pay a fine of $10,000 by a court in the beginning of this week. Later in the week, the Kyrgyzs authorities have ordered the company to pay a fine of $98 million against environmental damages. This is part of a total of about $103 million slapped by the authorities. The environmental inspection authority in Kyrgyzstan has said that Kumtor’s, the country’s biggest miner,  waste rock on its waste dumps were subject to tariffs that are normally applied to industrial or domestic waste.

Read Full News At: http://www.researz.com/centerra-golds-kyrgyzstan-subsidiary-charged-98m-penalty-environmental-damage

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