Kyrgyzstan has regained control over the Kumtor gold mine after an ownership transfer agreement was signed with the mine’s former owner, Canadian miner Centerra Gold, media reported on Saturday. Kumtor is one of the largest gold mines in Central Asia and used to be among Kyrgyzstan’s biggest foreign investment projects. However, it came into the…
The Bank of Russia has amended its gold buying method due to the strengthening of the domestic currency and will now buy the precious metal at a “negotiated price,” the regulator said in a press release on Thursday. The policy becomes effective on Friday, April 8.