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Based on exploration results, the Kumtor mine-life extended till 2023, and milling operations to conclude in 2026. 2014: Transfer of operations activities from Kumtor Operating Company to Kumtor Gold Company. 2017: ... Kumtor Gold Company provides jobs for over 3000 people.
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Kyrgyzstan's government has been negotiating a restructuring deal this year with Toronto-listed Centerra Gold, which owns Kumtor. The mine is the largest legitimate enterprise in the country, accounting for half of industrial output in 2011 and approximately 12 percent of GDP.
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Kumtor has a long and twisted history. Exploration first started in 1978, but the Soviet state did not have the resources to bring it online. Since operations started in 1997, on average approximately 17 tonnes of gold have been mined every year at Kumtor, which sits at 4,000 metres above...
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The Kumtor open pit mine is the largest gold mine in Kyrgyz Republic. ... Kumtor Gold Company provides jobs for over 3000 people. 99 percent of the Company full-time employees are Kyrgyz citizens, and this proportion is ever growing as the result of foreign managerial personnel being gradually replaced by national employees.
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