Metals and Mining
Centerra Says Kyrgyz Gold Mine At Standstill
BISHKEK, Kyrgyzstan (AP) — Toronto-based Centerra Gold says a strike at its key gold mine in the Central Asian nation of Kyrgyzstan has halted almost all its operations.
The company said in a statement Wednesday that its deems the work stoppage at Kumtor mine, which has entered its ninth day, to be illegal. Workers are demanding to be reimbursed for salary deductions made by Centerra to the state social fund. Kumtor accounts for almost 12 percent of the economy in this former Soviet nation on China's western border and has been at the center of several industrial and environmental disputes. Centerra produced 585,000 ounces of gold last year at the mine, which accounts for the bulk of the company's global output.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,218.62 | 1,291.60 | 2,778.62 | 15.02 |
Oil *
99.52
|
|
DOWN
174.83 |
DOWN
18.73 |
DOWN
48.72 |
DOWN
0.79 |
10 Yr
1.50%
SPDR Gold
155.45
|
|
-1.41%
|
-1.43%
|
-1.72%
|
-5.00%
|
Data delayed 20 minutes |
Connect with TheStreet