Cameco extends deadline for Kyrgyz gold mine terms
NEW YORK—Cameco Corp., a Canada-based uranium miner, said Tuesday it agreed to a request from the government of Kyrgyzstan to extend a deadline for approving plans for a gold mining venture in the Central Asian country.
The Kyrgyz government is finalizing plans for Centerra Gold Inc. and Cameco, which holds a 53 percent stake in Centerra, to develop the Kumtor gold mine.
The plans, which cover taxes, ownership of Centerra, available acreage and other mining-related terms, was expected to be approved last year.
Centerra is the largest western-based gold producer in Central Asia and the former Soviet Union. Cameco is the world's largest uranium producer.
© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
