Saturday, September 06, 2014 10:00:02 PM
I like this part:
"Besides Centerra shares, Stans can try to seize foreign Kyrgyz assets or flows of capital in and out of the country. For example, it could go after gold shipments or state-owned airplanes that land outside the country. The only foreign assets that can’t be seized are sovereign property (such as embassies) and military property.
Stans hopes it never comes to that and the company is able to negotiate a settlement and resume work on the Kutessay II project.
Stans acquired the project licence from the government in 2009, but strange things started to happen a few years later. In 2012, a parliamentary committee suddenly decided that the licence should be revoked. Around the same time, a Chinese group that previously owned the licence showed up and tried to get it back in order to sell it to someone else, Mr. Vinokurov said. In fact, the Chinese unwittingly reached out to one of Stans’ consultants because it wanted his help in finding a buyer."
This is from a more complete version of the original article I posted previously (from July). Since the Kyrgyz officials haven't been forthcoming in even attempting to negotiate in good faith, I imagine it won't be long now.
Funny, I once considered getting some Centerra shares, looks like now I won't have to.
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