EBRD KYRGYZ GOLD/SILVER
September 1st, 2005
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend state-owned Kyrgyz gold and silver miner Kyrgyzaltyn Open Joint Stock Company US$12 million in working capital. The money will be used to improve the Kyrgyzstan company's corporate governance, including better audit, accounting and risk controls, following advice already made by consultants Deloitte and Touche. It will also fund environmental improvements and social payments. The company has been developing existing gold and silver deposits, (such as Makmal), ...
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