Oxus Gold halts arbitration with Kyrgyz Republic pending agreed cash settlement

Oxus said it retained its rights to the potential deferred payment of up to US$80 million payable by KazakhGold if KazakhGold were to become involved in the development of the Jerooy project.

The settlement will further enhance the group’s ability to focus on the development of its underground mine at Amantaytau Goldfields in Uzbekistan, Oxus’ chief executive Richard Wilkins said.