Sept 6 (Reuters) - Centerra Gold Inc CG.TO
* Says Centerra Gold provides update on discussions with the Kyrgyz Government
* Says confirms that its discussions with Kyrgyz Government regarding a settlement have reached an advanced stage
* Says Unit to make payment of $57 million to new government administered Nature Development Fund, Cancer Care Support Fund per terms of proposed settlement
* Says aware of reports in Kyrgyz Republic describing statements made by Government to parliamentary committee which included terms of proposed settlement
* Says terms of proposed settlement include comprehensive settlement of all outstanding disputes & court & other proceedings affecting Kumtor Project
* Says inability to resolve all matters could lead to suspension of operations of Kumtor Project
* Says inability to resolve matters related Kumtor Project would have material adverse impact on future cash flows, earnings, results of operations
* Says KGC would consider, together with government, potential investment options in Kyrgyz Republic & at Kumtor Project as per terms of proposed settlement