kyrgyzstan govt seizure of premises...
11 Sept 2006 Mining company Oxus Gold PLC said it is seeking an arbitration order to protect its investments in Kyrgyzstan, following the government-sponsored seizure of premises read the full story at http://www.iii.co.uk/shares/?type=news&articleid=5776001&action=article
Will similar happen to MHL who is also operating in Kyrgystan? only time will tell.
For anyone who missed the earlier posts read on:-
5 September 2006 HUMAN RIGHTS GROUPS WARY OF RISE IN KYRGYZ-UZBEK SECURITY COOPERATION: .. human rights advocates suspect the expansion of Kyrgyz-Uzbek security cooperation is connected with the recent disappearances of four Uzbek refugees in Kyrgyzstan. "We’re afraid these men have been handed over to Uzbek authorities and that their lives are in danger," read the full story at:- http://www.eurasianet.org/departments/insight/articles/eav090506a.shtml
Are you starting to understand what you could be dealing with?, if not read on:-
Putin wants control of energy resources: 25 August 2006 .Russia spins global energy spider's web... full story at http://atimes.com/atimes/Global_Economy/HH25Dj01.html
The president of Kyrgyzstan, Kurmanbek Saliyevich Bakiyev is Putin's man being a soviet-trained professional, he served in the Soviet Red Army - read the full story at http://en.wikipedia.org/wiki/Kurmanbek_Bakiev
In summer 2005 Bakiyev proposed placing the Kyrgyz hydro-energy sector under the management of the Russian government-controlled Unified Energy Systems enterprise. The president's proposal was regarded as highly corrupt, according to representatives of the Kyrgyz energy sector, because the government sidestepped an open auction to consider other options for the sector's development. read the full article at:- http://www.jamestown.org/edm/article.php?article_id=2371017
starting to get the picture
17 August 2006 Kyrgyzstan tilts away from West, read the full story at http://www.taipeitimes.com/News/world/archives/2006/08/17/2003323535
and look what's happening at neighbouring Uzbekistan which appears to have already tilted away from the west:-
15 August, 2006 - Reports from Uzbekistan say authorities have revoked the licence of Britain's Oxus Gold to develop a high-grade deposit of zinc, silver, copper, lead, and gold in southeastern Surkhandariya region's Sarasiya district, read the full story at http://www.rferl.org/featuresarticle/2006/8/25768794-2e63-4c10-ac3c-e32ba7870bbf.html
and now back to Kyrgyzstan news:-
14 August 2006: As Kyrgyzstan struggles to find political stability, deteriorating conditions in its prison system pose a threat to the fragile state’s security and public health. read the full story at:- http://www.alertnet.org/thenews/newsdesk/ICG/3ce66c963bfdf1c5c9d2910414033068.htm
Kyrgyzstan and Uzbekistan, appear to be very close abd getting closer:-
July 25, 2006 Kyrgyzstan, Uzbekistan Join Forces Against Terrorism, read the full story at http://www.rferl.org/featuresarticle/2006/07/c1d8f2a4-d720-4962-927c-5784cce0dda6.html
Now I wonder if Kyrgyzstan will go down the same road as Uzbekistan who appear to 1) have found reasons to revoke the licence of Britain's Oxus Gold to develop a high-grade deposit of zinc, silver, copper, lead, and gold and 2) Seized the assets and output of Zarafshan-Newmont, an U.S.-Uzbek joint venture that operates one of world's biggest open gold pits in the Qizilqum Desert.
Look it might not happen, but then again look who is running Kyrgyzstan!
These and plenty of other similar news stories are available on the net - simply use google and search for any one of, or a combination of:-
Kyrgyzstan news, Uzbekistan news, Bakiyev, Putin, Putin and energy
MHL Price at posting:
0.0¢ Sentiment: LT Sell Disclosure: Held