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Stans Energy Corp V.HRE.H

Alternate Symbol(s):  HREEF

Stans Energy Corp. is a Canada-based resource development company focused on advancing rare and specialty metals properties and processing technologies. The Company is transitioning into a supplier of materials and technologies that will assist in satisfying the future energy supply, storage and transmission needs of the world. Its subsidiaries include SevAmRus CJSC, Kutisay Mining LLC and Kashka REE Plant Ltd.


TSXV:HRE.H - Post by User

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Post by grammaduxon Aug 10, 2014 6:18am
450 Views
Post# 22825927

Excellent Article

Excellent ArticleThis guy nailed it, nice to some Kyrgyz people share our opinon.
possibly we get even mor compensation, after the latetest local ruling Stans is entiteld for another damage claim

By the form of the government is not seen to carry out the intentions of the Arbitration Court

Author: Tynchtykbek Beshkempir
De-facto
August 8, 2014
Print

We have no policy on the mining industry?

Seeing the attitude of the Kyrgyz government to investors in the mining industry can not help but believe the talk about the lack of Kyrgyzstan policy on the mining industry. Although much has been said about the words of action to create favorable conditions for investors, Investor Protection and create favorable conditions for their work, but in reality we are witnessing the fact that cooperation with investors held in a diametrically opposite manner.

Surely in any country wanting to develop the economy, to create jobs for the unemployed, there is no such thing as us. Become a custom that comes into this industry leader, instead of improving the situation is removed from office for alleged corruption, and the government shows intractability and indifference. Meanwhile, certain forces, pursuing their own interests in the mining industry, organizes various games, furthermore, do not refuse to impose its will on the government. There is no one who could put in place these forces provide a solution to the issue legally, the legal field, put an end to the contentious issue, to give investors the opportunity to continue their work.

Such a policy nihilistic character in the mining industry can be clearly seen in the example of "Kutisay Mining", which has the right to development of the field in the Ak-Tyuz. The company had in the courts, and the documents in the hands of proof confirms that she is the rightful owner of the license. However, despite this, can not see any attempt to the Kyrgyz government to cooperate with the company to reach a compromise, resume stopped work at the mine. Moreover, it runs away from the implementation of the decision of the International Court, gives the impression of the desire to reverse this decision. And that is exactly what the government has stated: "Everything will be in accordance with the decision of the court. We will agree with all the decisions of the court "?!

The company will again require to fill losses

Who knows if there was a response to the decision of the International Arbitration Court in Moscow, the Kyrgyz government is obliged to pay to Stans Energy Corp. 118 million dollars. From what we know, the Bishkek City Court on July 30 of this year ruled in favor of the General Prosecutor's Office. General Prosecutor's Office requested the cancel protocol №1736-N-09 of 21 December 2009 between JSC "Kutisay Mining" and the Agency for Geology of the Kyrgyz Republic. She filed a lawsuit in an administrative statement Bishkek court. March 19, 2014 Bishkek court ruled in favor of the Attorney General, took the decision to annul the Protocol Assembly Commission has granted a license in the field of Kutessay-2 and Kalesay. Talking openly struggling rushing performance by a third party interested in the issue, coupled with the indifference of the government is not allowed to wait for another possible solution.

Now the company Stans Energy Corp., which bought 100% shares of JSC "Kutisay Mining" at public auction for the annulment of the judgment will be able to address with a statement of appeal to the Supreme Court. The company also has the right to require covering the expenses for the purchase of deposits Kutesay-2 and Kalesay. The company's management aims to take advantage of this right.

The government is not willing to comply with decision

Unfortunately, the government still leans on obstinacy, continue to apply in the sense of "do whatever you want." We have to ensure that its proposal to the government to voluntarily comply with the decision of the International Arbitration Court of Moscow on July 9 this year, and to pay $ 118 million, the company Stans Energy Corp. does not receive any positive response. It is learned that the government has no intention to even carry out the decision. It seems that the Kyrgyz government, instead of implementing the decision is covered by the latest decision of the Bishkek City Court, and seems to be trying way out of the situation. But, despite this attitude of the government, a group of advisers in the company's lawyers preparing documents for the recovery of $ 118 million. About this and informed. about. CEO and President of Stans Energy Corp. Rodney Irwin.

What else should the government if it does not want to carry out the decision, does not intend to put an end to disputes peacefully through negotiations?

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