Company Profile

The Oxus Group was established in 1996 and quoted on the Alternative Investment Market (AIM) in London in 2001.

Oxus Gold plc is a UK based international mining group with gold mining interests in Central Asia. Oxus is the joint owner (50/50) with the government of Uzbekistan of Amantaytau Goldfields (AGF) which is developing several mining operations in the Tien Shan gold belt near Zarafshan.

The first mine was constructed and commissioned by Oxus in January 2004 on time and within budget and commercial production began the following month. AGF has since produced more than 270,000 ounces of gold to the end of September 2005 and is now producing at the planned rate of 151,000 onces per annum.




Amantaytau - Jul 2004





Contact details

Oxus Gold plc - Head & Registered Office

Tel: +44 (0)20 7907 2000
Email: enquiries@oxusgold.co.uk

Web: www.oxusgold.co.uk


For Oxus Gold press releases, click HERE

UK Gold Company Yields to Uzbekistan to Preserve Its Presence - Analyst
2006-12-11
BBC Monitoring Former Soviet Union


It appears that the British gold mining company Oxus Gold has made sweeping concessions to Uzbekistan in order to preserve its presence in the country, analyst from Tashkent Andrey Saidov says, commenting on the recent deal under which 16 per cent shares in the Uzbek-UK gold joint venture Amantaytau Goldfields went to the government-backed Zeromax. "By letting Zeromax have16 per cent of its shares, the British company most likely decided to come to compromise with the Uzbek government and thus to preserve its presence in the gold mining sector of the country," Saidov says. The following is an excerpt from Andrey Saidov's article "Redivision of Uzbek gold is nearing completion", published by the Centasia.org website on 10 December; a subheading inserted editorially:

The British gold mining company Oxus [Gold] has decided to sell 16 per cent of its shares in the Amantaytau Goldfields joint venture that is developing gold fields in Central Kyzylkum [in central Uzbekistan] to the Swiss company Zeromax. The latter is close to the government circles of Uzbekistan. According to experts, the deal aims to settle a financial dispute with the Uzbek authorities by making compromise.

In the autumn of 2006, the Tashkent civil court satisfied the suit of the [Uzbek] tax agencies to recover a 223m-dollar tax debt accumulated in 2003-2005 from the Amantaytau Goldfields, the company which had been given preferential treatment in terms of taxes and customs duties for developing production up until 2010 in the past. But at the beginning of June 2006, the Uzbek government issued a special resolution annulling the preferential treatment for foreign companies. As a result, Western companies engaged in gold mining had to deal with financial claims. They tried to contest the claims but in vain. For example, judicial conflict between the Uzbek authorities and the US corporation Newmont Mining, which used to have a 50 per cent stake in the Zarafshon-Newmont joint venture, ended up with the arrest of [the joint-venture's] property which will be auctioned in the middle of this month.

[Passage omitted: it is predicted that Uzbekistan's Navoiy Mining and Metallurgical Combine will get Newmont Mining's shares]

The British company Oxus, which came to Kyzylkum almost ten years later than the US gold miners, used to have a 50 per cent stake in the Amantaytau Goldfields joint venture, as well as the Uzbek government's license for developing the extremely promising gold fields Amantaytau, Uzunbuloq and Vysokovoltnoye.

The remaining shares in the joint venture belonged to the same Navoiy Mining and Metallurgical Combine (10 per cent) and to Uzbekistan's State Committee for Geology and Mineral Resources (40 per cent).

UK company makes concession to preserve presence in gold mining sector

By letting Zeromax have16 per cent of its shares, the British company most likely decided to come to compromise and thus to preserve its presence in the gold mining sector of Uzbekistan. Whereas the Americans have been deprived of everything.

"Zeromax's history of success in Uzbekistan is a model worthy of emulation in terms of cooperation between a foreign investor and the country's government that wants to support foreign investment," a statement issued by Oxus says. It also says that the British company has already started to cooperate with Zeromax on the issue of resolving tax and other problems to restore the activities of the Amantaytau Goldfields as soon as possible. As part of the deal, Uzbek businessman Mirodil Jamolov, who has been named by Oxus to be the official owner of the company registered in Switzerland [i.e. Zeromax], will be on the board of directors of the British company as its new member.

of interest :)

http://today.reuters.co.uk/news/articleinvesting.aspx?type=stocksNews&storyID=2006-12-13T173458Z_01_JON363205_RTRUKOC_0_OXUS-SHARES.xml

ajcc, things looking up !

http://www.rferl.org/featuresarchive/country/kyrgyzstan.html

UP 9.9% TO day ! :))

hang on in there Smiler... i think will nudge into the 40s and more..... time will tell.

oxus is going up nicely at the moment ajcc I tend to agree with you that this share will be over the .40p mark today or very shortly. This share is certainly making very good progress. Mind you I still think this is a high risk share, not one for anyone on betablockers.

ajcc wil see you end of next week, so glad I topped up at 10p !! :))

http://www.resourceinvestor.com/pebble.asp?relid=27374

Eurogold Limited
22 December 2006


EUROGOLD

L I M I T E D

(ACN 009 070 384)



22 December 2006 ASX/AIM Symbol 'EUG'
________________________________________________________________________________


Oxus Litigation

Eurogold Limited is pleased to advise that it has today entered into an
agreement with IMF (Australia) Limited ('IMF') under which IMF will fund the
ongoing Australian Federal Court proceedings that Eurogold Limited and Eurogold
Holdings (Bermuda) Limited have commenced against Oxus Holdings (Malta) Limited
and Oxus Gold Plc.

The Agreement will become effective in mid January 2007 and contains IMF's usual
terms and conditions, including an indemnity under which Eurogold will not be
liable for adverse costs (if any) incurred in the proceedings. Eurogold will
retain a majority interest in any amounts recovered from Oxus under the
litigation, with the amount dependent on the timing of any recovery.

IMF is the largest litigation funder in Australia and is listed on the
Australian Stock Exchange.

Pauline Collinson
Company Secretary
Eurogold Limited

sold out...might buy in around 25p

certainly right to sell; i see price has just dropped below 200(?) dma again

http://britishbulls.com/StockPage.asp?CompanyTicker=OXS&MarketTicker=Basic%20Materials&TYP=S

decided to buy back...

does anyone know why oxus is shooting up today

Janet RNS out 200 mill no longer being persued,subject to appeal

thnkyou

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Oxus Gold PLC
02 January 2007


Oxus Gold plc


Amantaytau Goldfields Update



LONDON: 2 January 2007 - Oxus Gold plc (OXS.L) is pleased to announce that its
Amantaytau Goldfields ('AGF') joint venture in Uzbekistan has successfully
appealed against the fines and penalties imposed by a regional court at the end
of October 2006.

As a result of the appeal, which was heard in the regional court on 28 December
2006, fines and penalties totalling approximately $208 million are no longer
payable. In addition, various restrictions imposed on AGF's operations as a
result of the earlier ruling, have also been lifted.

The State Tax Authority can appeal the decision of the Regional Appeal Court
although it is not yet known if they intend to do so.

AGF continues to appeal approximately $17 million of taxes and customs duties
claimed by the regional authorities. This amount includes approximately $7
million of recoverable VAT. It is expected that these appeals will be heard
during January 2007.

AGF also reports that its permit to mine precious metals, which is reviewed
every five years, was extended on 27 December 2006. This permit was initially
issued in 1996, renewed in 2001, and has now been renewed again in 2006 and
indicates that government authorities are satisfied that AGF is properly
conforming to mining, environmental, and health and safety regulations in its
mining activities.

END


Further enquiries:

Oxus Gold plc
Richard Wilkins Tel: +44 (0)20 7907 2000
website:
www.Oxusgold.co.uk


Bankside Consultants Ltd.
Keith Irons/Oliver Winters Tel: +44 (0)20 7367 8873





This information is provided by RNS
The company news service from the London Stock Exchange





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2006 MoneyAM

There you go Janet,well done!!!,and smiler

looks like this was planned long ago..nice sting by the masons...wish i had inside info

per the chart attached, there was some notional resistance point at 41p which has now (just about) been breached ...... the next obviolus hurdle will be the 200 dma which is only 2/3p away ...... after that, it's anyone's guess ..... for myself, i am still not a buyer of OXS, though am quite tempted to get back into POG (see thread on this quality company) as further (indirect) exposure to my current (direct) bullion position.