BHP hikes exploration spending to focus mostly on copper, oil
It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.
Local media reported that Kyrgyzstan minister of economy, Temir Sariyev, implied that Centerra would have its permit revoked and a new company would continue to extract gold from Kumtor.
Financial Times is reporting that Deloitte was in charge of auditing the working capital for ERA, while Ernst & Young conducted overall evaluation of the transaction.