Uzbekistan's state-controlled media today quoted government officials as saying authorities "are ready to help solve [Oxus Gold's] tax problems within the framework of the existing legislation."
An Uzbek court in October ordered AGF, a 50-50 joint venture between Oxus Gold and the Uzbek government, to pay $224 million in tax arrears.
The British company on November 30 said it had agreed to sell 16 percent of its share in AGF to Zeromax GmbH, a Zug-registered subsidiary of the U.S.-based Zeromax Group.
Zeromax is owned by a Tashkent businessman, Miradil Jalalov, with suspected connections with President Islam Karimov's entourage.
Uzbekistan in August stripped Oxus Gold of its license to develop an ore deposit in southeastern Surkhandariya region.
(vesti.uz, uzmetronom.net, oxusgold.co.uk)
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An Uzbek court in October ordered AGF, a 50-50 joint venture between Oxus Gold and the Uzbek government, to pay $224 million in tax arrears.
The British company on November 30 said it had agreed to sell 16 percent of its share in AGF to Zeromax GmbH, a Zug-registered subsidiary of the U.S.-based Zeromax Group.
Zeromax is owned by a Tashkent businessman, Miradil Jalalov, with suspected connections with President Islam Karimov's entourage.
Uzbekistan in August stripped Oxus Gold of its license to develop an ore deposit in southeastern Surkhandariya region.
(vesti.uz, uzmetronom.net, oxusgold.co.uk)
RFE/RL Central Asia Report
RFE/RL Central Asia Report
SUBSCRIBE For regular news and analysis on all five Central Asian countries by e-mail, subscribe to "RFE/RL Central Asia Report."