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

maestro .... why so reluctant to answer the questions i posed? .... i recillect answering yours with detail

cynic..sorry mate,keeping my cards close to my chest...too many MM's looking in

oh dear oh dear oh dear ..... do you really think MMs are remotely interested in your holdings, or mine for that matter? ...... the real truth is that you do not have the guts to won up to what you actually do hold

Maestro, you say that janet won't get very rich trading like that! Well if you look on PRTY thread you will notice that she bought into PRTY and has already made 2.5p per share after taking the spread into account. If she now sold and went back into Oxus at a much reduced price to when she sold, I believe she would be making a lot more money than you, sorry. Well done Janet. Good morning cynic, nice to see someone else up at this time.

imo, maestro does not put his own money where his mouth is ..... if he did, i don't think his bank manager would be too happy

: ))

ya silly old buggers..who tipped qxl at 150p?...when you've notched a 100 bagger then you might be worthy of respect

eh smiler...brainspark?...give me some news...whats up with those bloody israelies!

i think so Smiler - will get details from the company.... ref the dismissal of the fines/taxes discussed above, we had an inkling, didn't we, that it it would disappear in a puff of smoke? Onwards and upwards....(i wouldn't, incidently, get too worked up re. eurogold court proceedings - the real issue is jeeroy.... Happy New Year to you!

Smiler, for "Jeeroy" - should of course read Jerooy! (no, no hangover from New Year)

Thanks ajcc I forgot what date you said ! hope you had a good new year regards to AM , what you doing 20/21 give us a ring if your free :)

LONDON (Mineweb.com) --Perhaps 2007 will be a much better year for AIM listed Oxus Gold (OXS.L). The company announced today that it has successfully appealed against the fines and enormous penalties imposed by an Uzbekistan regional court. In October, almost immediately following the virtual expropriation of Newmonts Zarafshan gold operation through a similar procedure. Oxus was landed at that time with retrospective back tax payments and fines equivalent to more than US$200 million in relation to its Amantaytau Goldfields (AGF) gold mining operations.

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

However, the company warns, 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.

According to the Ferghana.Ru Russian news agency, Oxus may have been helped in its endeavours in negotiation with the Uzbek government by Swiss registered Zeromax GmbH which bought 16% of the companys stock for 12.255 million and seems to be planning to raise its stake to 20%.

Zeromax is said to be a powerful company with excellent connections in Uzbekistan, and is involved in a number of joint ventures there mainly in oil and gas and has forged strong working relationships with the Uzbek Government.

Zeromax is owned by Miradil S. Djalalov, a Tashkent entrepreneur who founded the company in 2000. Mr. Djalalov has agreed to join the Oxus board as a non-executive director upon completion of the agreed investment. It has also been agreed that Zeromax will appoint a second director, who will serve as an executive, in the event that its shareholding in the Company exceeds 20%.

Djalalov is said to have strong connections with the Uzbek Government of President Islam Karimov and there have to be some suspicions out there that the deal with Zeromax has been forced on Oxus as a condition for it being allowed to continue to operate in Uzbekistan. Even so, if the alternative was for the company to walk away from its big investment in that country, then a dilution in shareholder value may be a small price to pay.

may be of interest

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/01/03/cngold03.xml

I have bought 50,000 back in today at .40p I could have bought them earlier on at 39.75p. I think the share held up very well today. So I am back in, I had hoped to buy back at .39p. all holders good luck, I have a feeling they should start taking off soon. british bulls rating them a buy at .43p. if that is anything to go by.

best of luck JB, if you hold out till 45 a good start to 2007, the sp held up well as there was a fair bit of profit taking today ! interesting to see what happens around the 10th !! :)

far from infallible, but suggest you keep an eye on the chart and comment on post 258 ...... sp seems to feel somewhat giddy when hitting 40p, and could even suffer vertigo when (if) reaching 200 dma ..... be very careful

someone is confident and purchased 175,00 at 39.91 pence at 5.01. smiler it would be very nice to be able to sell at around the .45p mark. Cynic I have taken note of your comment on this one and I will keep a close eye on this one. It should be okay providing there is no bad news.

JB .... an investment of 70k is hardly going overboard, albeit that it is a lot more than i would care to risk on such a company

Janet british bulls have them as a SELL IF @39.50 as of 3rd JAN,good luck

i wouldn't pay much attention to british bulls...compare it to horoscopes in the tabloids...just titillation factor