Kumtor Gold Mine Resume Operation

Kumtor Gold Mine

Centerra Gold mining company, the Kumtor mine owner and operator in Kyrgyzstan, said that it resumed operations and expects to achieve its 2013 production target.

The Toronto based gold mining company said on Sunday that the mill and mine resumed operating. The mine production was halted by 2,000 protesters demanding nationalization of the mine.

The gold mine production accounts for 12% of the deprived Kyrgyzstan’s economy. It was the main issue discussed in intense debate in the government, with some advocating nationalizing the mine while others it would encourage foreign investments.

Clashes between riot police and angry protesters resulted in 55 wounded and 80 detained, according to the local authorities. The blockade sized on Saturday after the Kyrgyz Prime Minster calmed the protesters, and the gold mine resumed on Sunday.

Zhantoro Satybaldiyev, the Kyrgyz Chief Cabinet official, assured the protesters that the government will get more revenues from taxes.