Centerra Gold Operating Licenses Reinstated at the Boroo Mineadmin
July 27, 2009 Filed Under: Precious Metal
Centerra Gold Inc. announces that the Chairman of the Minerals Resources Authority of Mongolia has issued a decree reinstating the Boroo Mine’s main operating licenses. The decree annuls the earlier suspension order received by the Company on June 12, 2009. The Company expects that the Boroo mine will resume full mining and milling operations in the next few days. The Company is continuing its discussions with Mongolian regulatory authorities regarding the circumstances of the suspension.
The lifting of the suspension will not affect the Boroo heap leach facility, which is subject to an additional permitting process and remains shut-down. The Company is working with the authorities to obtain final permits. Heap leach operations will resume when those are obtained.