Andy
- 09 Jul 2006 13:12
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
Andy
- 08 Sep 2006 16:39
- 29 of 817
The bad news continues.
BISHKEK, Kyrgyzstan (AFX) - Kyrgyz authorities seized the factory and assets
of a gold mining venture that is majority owned by a British-based company, a
senior company executive said Friday.
Oxus Gold has for two years battled a government decision stripping it of
its license to work the Jerooy gold mine in Kyrgyzstan's northern Talas region.
The decision was based on the company's alleged failure to meet contractual
commitments and alleged delays in starting commercial gold production at Jerooy.
Fred Huston, deputy director of the Talas Gold Mining venture, told The
Associated Press that the region's deputy governor on Thursday ordered the
factory seized and ordered all workers and engineers to leave.
State-owned gold mining company Kyrgyzaltyn, which owns a one-third share in
Oxus, installed their own security guards and halted construction work at the
facility, which Huston said was 80 percent complete.
Huston estimated the value of the assets, including a processing facility
and administrative buildings, at around US$52 million (euro41 million).
"There are no court decisions and explanation why our assets have been
expropriated," he told AP.
Neither Talas regional officials nor federal officials could be reached for
comment late Friday.
In May, Oxus agreed to increase the government's share in the Jerooy project
from 33.3 percent to 50 percent, and promised it would begin commercial
production there within six months after resuming operations. In July, an Oxus
representative was shot and wounded by several men in the Kyrgyz capital
Bishkek.
It also pledged an annual US$3 million (euro2.3 million) in social benefits
for the regional budget.
The Jerooy field contains an estimated 74 tons of gold, according to Oxus.
The impoverished Central Asian nation has suffered from political
instability and deteriorating public security since the March 2005 ouster of the
longtime president Askar Akayev.
janetbennison
- 08 Sep 2006 16:59
- 30 of 817
I SOLD ALL MY OXUS SHARES TODAY WHEN THIS NEWS CAME OUT. I MAY BUY THEM BACK IF AND WHEN THE TROUBLES DIE DOWN. I BOUGHT AT .30p take an 800 POUND LOSS. I HAVE HAD A BAD WEEK THIS WEEK. I HOPE THINGS START PICKING UP NEXT WEEK.
smiler o
- 08 Sep 2006 17:06
- 31 of 817
When did this news come out, as the sp to day has remained steady ? and some trading ??
janetbennison
- 08 Sep 2006 17:13
- 32 of 817
this news came out today around luchtime.
smiler o
- 08 Sep 2006 17:19
- 33 of 817
Hmm missed that ?? where was it published ? even so the sp held up, or alot of share holders have not seen it yet ! I still hold 2500 but got in at 22/24, but thanks Janet/ andy
smiler o
- 08 Sep 2006 17:48
- 34 of 817
Still can't find it !!! jb you may have sold to early ?? but will be poised Monday morning just in case !
seawallwalker
- 08 Sep 2006 17:56
- 35 of 817
It's there all right, I saw it, too,.
smiler o
- 08 Sep 2006 18:00
- 36 of 817
WHERE !! CAN;t see it for looking !
Andy
- 08 Sep 2006 18:20
- 37 of 817
smiler o,
It was posted on ADVFN.
smiler o
- 08 Sep 2006 18:31
- 38 of 817
Thanks Andy
cynic
- 08 Sep 2006 19:44
- 39 of 817
my gut reaction is to AVOID unless already a holder .... far too much risk attaching at the moment and for the foreseable future
smiler o
- 08 Sep 2006 19:46
- 40 of 817
Thanks cynic!!
janetbennison
- 08 Sep 2006 20:10
- 41 of 817
the news came out on money am around 1.30 but for some reason or other the n did not appear on my stock list. they were more talking about oxus haing a quarter of a percent shares in the other company. the courts were in volved and they were seizing assets etc. I did not want to take the risk of the shares being suspended. hopefully you may be okay. take no notice of me, I am just having a bad week. I am going to try and forget the markets this weekend and go out and enjoy myself. I have got the laptop up and running now. the only thing I am having a problem with is connecting to live stream on money am. I have installed java. any ideas where I am going wrong. take care now.
smiler o
- 08 Sep 2006 20:16
- 42 of 817
jb
It did not come up as an RNS , OR afx on money am ?? and trades seemed uneffected !!
janetbennison
- 08 Sep 2006 20:25
- 43 of 817
like I said take no notice of me I just panicked and sold. I can always buy them back next week if no change. good look to you smiler.
smiler o
- 08 Sep 2006 20:49
- 44 of 817
JB
Dont worry I will be ready Mon morning just in case, call me biased but having read the news, I feel its old news the share price droped to 30 then as low as 19/20
because of the problems in Jerooy . also the pending courtcase ! have a good week end : )
cynic
- 08 Sep 2006 21:04
- 45 of 817
so keep waiting ..... do you really think that peeps here, let alone the market, have the remotest interest in my jaundiced views?
janetbennison
- 08 Sep 2006 21:17
- 46 of 817
I am always interested in your views cynic.
cynic
- 08 Sep 2006 21:34
- 47 of 817
JB ... you flatter me ..... i am really no more than a boring old fart who knows F all .... all i would say in my favour, is that in my writng, if not in my actions, i tend not to get too carried away with the hype
janetbennison
- 08 Sep 2006 21:44
- 48 of 817
I think I have sorted my live stream problem out on my laptop now. find out for sure on monday. i am off out for a drink now and enjoy myself.