On May 31, 2021, Centerra announced additional actions to protect the interests of Centerra and its stakeholders in response to the unjustified seizure of the Kumtor Mine by the Government of the Kyrgyz Republic. As part of that announcement, Centerra’s wholly owned subsidiaries that own and operate the Kumtor Mine, Kumtor Gold Company (“KGC”) and Kumtor Operating Company (“KOC”), commenced a filing in the Southern District of New York under Chapter 11 of the U.S. Bankruptcy Code. This internationally recognized, court-supervised process is designed to preserve the value of KGC and KOC and prevent any further efforts by the Kyrgyz Government to strip KGC of its assets or otherwise improperly dispose of the Kumtor Mine in violation of its agreements with Centerra Gold.
All legal documents filed with the Court can be accessed on the claims agent’s website at https://cases.stretto.com/kumtorgold/court-docket/.
Additional information related to KGC and KOC’s restructuring process can be found below.