Centerra, Kyrgyz gov in talks to form company for Kumtor mine

Tue Jun 4, 2013 1:13pm EDT
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June 4 (Reuters) - Centerra Gold Inc said it is in talks with the Kyrgyzstan government to form a joint venture that would own its flagship Kumtor project.

The company and the government are considering a transaction under which the government would swap its 32.7 percent equity interest for an equivalent interest in a joint venture, Centerra said in a statement on Tuesday.

Centerra shares were slightly up at C$4.18 on the Toronto Stock Exchange. Trading was earlier halted.