andash update, page-30

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JSC "Kentor Gold" is ready to invest 106 million dollars in the mine "Andash"
Today, 13:51 Source: K-News
The main investor gold deposit "Andash" JSC "Kentor Gold" confirmed their readiness to invest in the project is 106 million dollars. This was announced today, March 6, said Managing Director of the Board of Directors of OAO "Kentor Gold" Simon Milroy, who arrived on a visit to Kyrgyzstan last week.

"The population of the village Kopuro Bazaar in Talas oblast, we offer a generous package of social assistance. Of the 450 jobs, most will be made available to local residents. Each year, the company will allocate one million dollars for community development. Each family in the village, we offer soft loans and monthly cash assistance. The "Andash" is important for the whole country, its annual payments to the state budget will amount to $ 30 million "- Simon Milroy said.

In addition, in November 2011 "Kentor Gold" proposed 20% share of the project "Andash" Government without a commitment to invest in production.

"During my visit to Kyrgyzstan, I met with the minister of economy and competition policy Temir Sariev . We have outlined an action plan, the company will provide all the necessary data. The Minister has promised to help get this information to guide the Talas region and the local population. It is important that the government clearly and publicly stated its support for the development of the project "Andash" - Simon Milroy said.

Recall that the June 25, 2011 was adopted the decision on suspension of the Jogorku Kenesh of the field development "Andash" and cancellation of licenses in response to complaints from residents of the village Kopuro Bazaar Talas on the possible environmental threat. The right to revocation of a license is only the government, and Managing Director of the Board of Directors expressed the hope that it will support the project "Andash."