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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

Bullboard Posts
Post by opencurtainon Dec 12, 2014 9:09am
317 Views
Post# 23222890

The facts of nationalization

The facts of nationalization

Ata Meken faction submits draft law on Kumtor nationalization for consideration of public

 
10/12/14 06:18, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA
 

Ata Meken faction submitted a draft law on Kumtor nationalization for consideration of public, the web site of the parliament reported.

It is noted that the draft law "On the nationalization of property of the closed joint-stock company "Kumtor Gold Company" was initiated by the leader of Ata Meken Omurbek Tekebayev.

Initiator notes that in the case of Kumtor nationalization the nominal shares of Centerra will collapse, including the arrested shares of Kyrgyzaltyn. Subjects who won the lawsuit will remain with their own interests. Revenue (according to Centerra) from the sale of gold and silver from 2014 to 2026 will be $9 billion 555 million at a price of $1,350 per ounce. Kyrgyzstan profit will be $2 billion 770 million, gross tax - $1 billion 238 million, the fund development of Issyk-Kul oblast - $96 million.

Recall, yesterday the parliamentary committees on Fuel and Energy Complex and Subsurface and human rights, constitutional law and government considered the course of negotiations with the Government of the Kyrgyz Republic with Centerra in closed session. Parliament recognized the work of the Cabinet insufficient. In its turn, the government has asked the parliament of time for further negotiations. Today, the Kyrgyz delegation should fly to Toronto.


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