Gold mine production cut will hit Kyrgyzstan’s economy

Unemployment and poverty rates are high in Kyrgyzstan which is landlocked and
has a population of 5.5 million. Over the past decade the mountainous
country has become increasingly important strategically as it hosts both a
US and Russian airbase.

Orozbek Duisheyev, president of the Kyrgyz association of miners and
geologists, told Reuters that the impact of the Kumtor production downgrade
will be felt at a national level.

“This will mean a major decline in industrial production, GDP and tax
revenues,” he said.

The Kyrgyz government owns 33 percent Centerra Gold.

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