Gold in the “Stans”: Challenges and Opportunities
Nations that were formerly part of the USSR are largely overlooked, but not by everyone.
Nations that were formerly part of the USSR are largely overlooked, but not by everyone.
Gold Investing News identifies the top-ranked countries and their gold reserves for 2011.
Uzbekistan is a land-locked country in Central Asia, once a member of the former Soviet Union. The country hosts impressive mineral reserves, including gold, copper, molybdenum, silver, zinc and uranium. The mineral sector has been the country’s main economic engine.
Forbes reported that Oxus Gold (LON:OXS) has ceased its operations in Uzbekistan.
Oxus Gold Plc. declared 50 percent owned Amantaytau underground project in Uzbekistan has been scaled back, but added it is in talks with potential financing sources after earlier delays in raising cash. For full story, click here
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