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UK gold miner accuses Uzbeks of smear campaign

UK gold miner accuses Uzbeks of smear campaign

Lawyers for a British gold mining company say Uzbekistan authorities are waging a smear campaign in a bid to steal the company's half of a joint venture.
Robert Amsterdam, who represents Oxus Gold PLC, said in a statement Monday that the company's state-run partners have concocted stories of alleged violations of environmental standards as a way of forcing the joint venture into liquidation.
Oxus has a 50-percent interest in the Amantaytau Goldfields venture, where some of the world's most promising fields are being developed. Uzbekistan is the world's ninth largest producer of gold, which brings in some 20 percent of its export revenue, according to the U.S. State Department.
Uzbek authorities this year initiated an audit that Oxus said was being used to squeeze the company out of the venture.


Updated : 2021-05-09 17:34 GMT+08:00