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Centerra Gold Announces Sale of Mongolian Business Unit

  • mongolia.gogo.mn
  • 3 days ago

TORONTO, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra”) (TSX: CG) announced today that it has completed the sale of its Mongolian business unit, including the Boroo Gold Mine and processing facility and the Gatsuurt Gold Project to OZD ASIA PTE Ltd. (“OZD”), for net proceeds of US$35 million.  OZD has purchased all of the outstanding shares and debt of Centerra Netherlands, BVBA which is the 100% direct shareholder of the Company’s Mongolian subsidiaries, Boroo Gold LLC and Centerra Gold Mongolia LLC (“CGM”). Centerra Gold Announces Sale of Mongolian Business Unit TORONTO, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra”) (TSX: CG) announced today that it has completed the sale of its Mongolian business unit, including the Boroo Gold Mine and processing facility and the Gatsuurt Gold Project to OZD ASIA PTE Ltd. (“OZD”), for net proceeds of US$35 million.  OZD has purchased all of the outstanding shares and debt of Centerra Netherlands, BVBA which is the 100% direct shareholder of the Company’s Mongolian subsidiaries, Boroo Gold LLC and Centerra Gold Mongolia LLC (“CGM”).

Flour producers to be granted discounted loan on wheat purchase

  • mongolia.gogo.mn
  • 4 days ago

​Cabinet decides to favor domestic production over import wheat and flour​. Chief of Cabinet Secretariat Zandanshatar Gombojav presented the results of Prime Minister Khurelsukh Ukhnaa’s visit to Tuv, Selenge and Darkhan-Uul aimags during the Cabinet meeting yesterday and ordered to study the opportunities to grant interest rate discount to flour producers on wheat purchase.

BoM may restrict FX withdrawal if Parliament passes bill on currency

  • mongolia.gogo.mn
  • 5 days ago

​Law on Currency Regulation will allow BoM to control FX flow​. The Bank of Mongolia (BoM) included an article that can allow the bank to temporarily restrict withdrawal and transfer of foreign exchange on the draft Law on Currency Regulation, which was passed by the Parliamentary Standing Committee on Economy.