PRAGUE. A representative of Cameco Corporation said that negotiations on the ownership of the Kumtor gold mine in Kyrgyzstan is underway and that the terms of transferring assets belonging to the Kyrgyz government have been agreed upon, in principle. The manager of external communications of Cameco Lyle Krahn told our radio yhat the date for a final agreement may be known in a month when the Kyrgyz ministries, acting upon the government's decree, will submit considerations on the restructuring of the mine.
Kumtor is the biggest gold deposit in Kyrgyzstan. The Kyrgyz government holds two thirds of its assets, while the rest belongs to the Canadian Cameco.
Kyrgyz Finance Minister Bolot Abildayev said recently that the decision on Kumtor's sale will be taken after consultations with foreign experts.