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

StockMarketWire.com
Oxus Gold has reported a first half profit of $25.03 million (earnings of 6.02 cents per share) against a loss of $2.72 million (loss of 0.70 cents per share) for the six months ended 30 June 2010.

The profit for the period is after crediting $28.46 million (2009: $nil) in respect of the reversal of the impairment of the Khandiza project, which was provided against in 2008.

Total Group assets increased to $79.30 million (31 December 2010: $56.79 million), including cash and cash equivalents of $4.14 million (31 December 2010: $6.69 million).

The Ministry of Finance of the Republic of Uzbekistan is claiming $10.84 million from the Company in respect of the AGF Phase 2 Project Development Fund and has obtained a judgment in its favour in the Uzbek courts, which it is seeking to enforce in the English courts.

The Company is vigorously defending the claim. The circumstances surrounding the creation of the Fund also form part of the Group's claim in arbitration against the Uzbek Government.

At 31 December 2010 the Company owed Nedbank $2.5 million against a $20 million corporate loan facility. During the Period this amount has been repaid in full.

The Directors continue to undertake appropriate measures in order to preserve cash until such time as the Group's operations are fully funded and the dispute with the Uzbek Government has been resolved. At 10 November 2011, the Group's cash resources stood at approximately $2.9 million.

They have no hope and Bob hope of getting anything out of Uzbekistan.Might as well open up a loan company in scily!!!

Anyone else holding this one?

Still hopeful for 3011.......

Why what's due

Oxus hits it big time..........but i'll be 1058 and may not be able to enjoy the specially laid on trip to Tenerife and all those dolly birds....:))

I am holding as there is not a lot of option.But don't hold out a lot of hope of getting the money back.I think 3011 is on the nail head.

StockMarketWire.com
Oxus Gold has reported a loss of $3.7m for the year ended December 31 2010.

The losses in the previous year were $5.85m.

Chairman, Richard Stead, said that the delay in presenting the accounts was due to not being able to access relevant information from Amantaytau Goldfields, a 50% owned joint venture in Uzbekistan, which was required to finalise the accounts.

At the beginning of 2010 Oxus progressed discussions with a Chinese Consortium to a point where it entered into a $185m financing agreement which would have enabled Oxus to build and develop an underground Sulphide mine for AGF in Uzbekistan.

Despite an extensive due diligence undertaken by the Consortium which indicated the strong viability of constructing and developing the mine, it became obvious by late last year that even though the investment was to be made at the level of Oxus Gold, the Uzbek government would not welcome the development of a gold mine in Uzbekistan by Chinese investors.

Oxus has retained the international law firm, Amsterdam & Peroff, to protect the interests of the company and its shareholders against what it believes is the wrongful conduct of the Uzbek government, and to pursue legal remedies.

Restored to trading on the AIM market

15p to BE what's the chances ?

MMMM!! Back to the 3012 scenario me thinks. I need 2.8p which is possible???

Try to make it 3.2p then we'll both be happy bb. :)

way its heading.32 maybe more realistic!!!

interesting share - wonder what lies ahead legally here

lol baler 3011!!! i heed that as a warning here!!?

lol. it's true .....believe me, thats why i'm taking all those preservatives to keep me going till then!!

lol - dont forget to eat your 5 a day too :-))))))))))))))))))))

any news at AGM....must be a few whispers

This is 0.8p... must be the turkey of the year.

A well stuffed turkey??