KazakhGold
| File:Kazakhgold logo.png | |
Key people | Mikhail Prokhorov, CEO[1] |
|---|---|
Kazakhgold is a gold mining company based in Kazakhstan. It has gold mines at Aksu, Bestobe and Zholymbet and is one of Kazakhstan's largest mining companies.[2]
Polyus
Kazakhgold had originally been founded by the Assaubayev family. In 2009 they sold a 50.1% stake to Polyus Gold, a Russian mining company;[3] the stake subsequently increased to 65% and a reverse takeover was planned.[4] Polyus subsequently alleged that the Assaubayevs had misled Polyus or tried to siphon off money from Kazakhgold; Kazahkgold's offices were raided by the Kazakh authorities.[5] In December 2010, Polyus agreed to sell its stake back to the Assaubayev family and dropped its legal action;[6] Polyus' share price soared.[7]
References
- ^ "Mineweb.com - The world's premier mining and mining investment website Polyus Gold CEO sacked - FAST NEWS". 2010-12-12. Retrieved 2010-12-12.
{{cite web}}: Text "Mineweb" ignored (help) - ^ "KazakhGold Group Limited". 2010-12-12. Retrieved 2010-12-12.
- ^ Mason, Rowena (2010-12-12). "Polyus sues KazakhGold's former owners for $450m - Telegraph". The Daily Telegraph. London. Retrieved 2010-12-12.
- ^ "Bitter Row Knocks Sheen Off Kazakh Gold Company". 2010-12-12. Retrieved 2010-12-12.
{{cite web}}: Text "EurasiaNet.org" ignored (help) - ^ "Mining Journal - Assaubayev family instigates Kazakhgold investigation". 2010-12-12. Retrieved 2010-12-12.
- ^ Orange, Richard (2010-12-12). "Kazakh gold miner eyes London listing - Telegraph". The Daily Telegraph. Retrieved 2010-12-12.
- ^ "Polyus Soars After Agreeing to Sell KazakhGold Assets". 2010-12-12. Retrieved 2010-12-12.
{{cite web}}: Text "Business" ignored (help); Text "The Moscow Times" ignored (help)