KazakhGold Polyus References External links Navigation menuwww.kazakhgold.com"Polyus Gold CEO...


Mining companies of KazakhstanGold mining companies of the Soviet Union


gold miningKazakhstanAksuBestobeZholymbetPolyus Goldreverse takeover

















Kazakhgold
Key people
Mikhail Prokhorov, CEO[1]
Website
www.kazakhgold.com Edit this on Wikidata

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





  1. ^ "Polyus Gold CEO sacked". Mineweb. 2010-12-12. Retrieved 2010-12-12..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  2. ^ "KazakhGold Group Limited". 2010-12-12. Retrieved 2010-12-12.


  3. ^ Mason, Rowena (2010-12-12). "Polyus sues KazakhGold's former owners for $450m - Telegraph". The Daily Telegraph. London. Retrieved 2010-12-12.


  4. ^ "Bitter Row Knocks Sheen Off Kazakh Gold Company". EurasiaNet.org. 2010-12-12. Retrieved 2010-12-12.


  5. ^ "Mining Journal - Assaubayev family instigates Kazakhgold investigation". 2010-12-12. Archived from the original on 2011-09-30. Retrieved 2010-12-12.


  6. ^ Orange, Richard (2010-12-12). "Kazakh gold miner eyes London listing - Telegraph". The Daily Telegraph. Retrieved 2010-12-12.


  7. ^ "Polyus Soars After Agreeing to Sell KazakhGold Assets". The Moscow Times. 2010-12-12. Retrieved 2010-12-12.




External links


  • Kazakhgold



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