Reuters: Regulatory News: Centerra says Kumtor waste-dump movement faster than expected

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Centerra says Kumtor waste-dump movement faster than expected May 3rd 2013, 22:35 Fri May 3, 2013 6:35pm EDT May 3 (Reuters) - Canadian miner Centerra Gold Inc said a waste-rock dump at its Kumtor mine in Kyrgyzstan moved at a greater-than-expected rate, and warned that any delays to alternative plans will hurt operations and results. The Canadian company said it relocated some infrastructure at the mine beginning in mid-March due to the increased movement at its Davidov Valley Waste-rock dump. Planned gold production has not been affected until now, the company said. Centerra is finalizing an alternative long-term waste-rock dumping plan and is working with the government for its approval, it said on Friday. The government has set up a special commission to visit the mine and inspect the movement. Centerra is embroiled in a bitter row with the Kyrgyz government over the Kumtor mine, the largest gold deposit operated in central Asia by a Western company. The company in February received a new $315 million claim for alleged environmental destruction, on top of the previous claim of $142 million. Centerra is scheduled to report its first-quarter results on May 8.

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