Friday, May 12, 2006

Jerooy Gold

One of the demands of Kyrgyzstan's opposition movement involves government handling of the Jerooy gold deposits. For several years, a British firm called Oxus Gold had the rights to develop this field jointly with the Kyrgyz state firm Kyrgyzaltyn under something called the Talas Gold Mining Company Joint Venture Agreement. After several years of dispute, Talas's license was revoked earlier this year, even though construction on the processing plant was nearly complete. In late April, Talas was replaced by Global Gold, though the details haven't been worked out. The processing will take place at something called the Kara Balta Mining Plant. This is, if I interpret everything correctly, a joint venture with Russia and Kazakhstan.


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