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Cameco extends deadline for Kyrgyz gold mine terms

By Associated Press
April 29, 2008 | Comments (0)

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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.

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