Centerra Gold finds Kyrgyzstani report "without merit"

2012-10-09 18:21 ET - News Release

 

Mr. Ian Atkinson reports

CENTERRA GOLD REPORTS INDEPENDENT INTERNATIONAL ASSESSMENT OF THE JUNE 2012 PARLIAMENTARY COMMISSION'S REPORT ON KUMTOR PUBLISHED

Centerra Gold Inc. has commissioned independent environmental experts with U.S.-based Prizma LLC to analyze the June, 2012, parliamentary commission report about the Kumtor mine, located in the Kyrgyz Republic. Prizma's findings focused on seven key environmental issues discussed in the report and confirm that the report's allegations are unfounded and that it ignores results of numerous inspections and independent audits, published data and published government reports.

Centerra's president and chief executive officer, Ian Atkinson, commented: "As I have stated previously, Centerra believes that the parliamentary report's findings are without merit. Kumtor has operated in accordance with Kyrgyz and international standards and this has been proven over the years in systematic audits by Kyrgyz and international experts."

A link to Prizma's full report is available in English and Russian, is provided on Kumtor's website and is available on Prizma's website.

Prizma's independent assessment was completed by Mehrdad Nazari, MBA, MSc, LEAD fellow, senior corporate responsibility and ESIA adviser, and director of Prizma LLC. In addition, Don Proebstel, PhD, senior biodiversity and ESIA adviser and Associate of Prizma LLC, co-authored the report.