The Kumtor Gold Mine: Spewing Toxics From On High
Publisher: CEE Bankwatch Network
Volume: 5 pages, pdf
Description:
The Kumtor mine and processing facility is a US$360 million project of the joint venture, Kumtor Operating Company (KOC). KOC is two-thirds owned by the Kyrgyz government and one-third owned by the Canadian Cameco Corporation. IFC is providing a $40 million loan; this is its first investment project in Kyrgyzstan. IFC is a lead partner in a cluster of public international financial institutions (IFI’s) supporting the project, including the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), the European Bank for Reconstruction and Development (EBRD), US Overseas Private Investment Corporation (OPIC), and Canadian Export Development Corporation (EDC).