A new auction for the assets of the bankrupt Zarafshan-Newmont, gold mining joint venture in Uzbekistan, has been scheduled for 4 June 2007, the country’s Real Estate Exchange said in an announcement posted by local newspapers.
Uzbek Stock Exchange (UzSE) registered deals for 465.885 million soums on Friday, 27 April.
Uzbek Stock Exchange registered deals for 50.979 million soums on 25 April, the exchange said.
Aureos Capital, emerging markets private equity fund manager, has launched a new US$100 million Central Asia Fund. The fund will focused primarily on Kazakhstan and Azerbaijan.
Spencer House Capital Management, which is run by Lord Rothschild and Richard Horlick, Schroders’ former head of investment, is launching a US$200 million fund investing in Kazakhstan, as well as companies in Kyrgyzstan, Uzbekistan, Turkmenistan, Tajikistan and Russia, the FT reports.
Total volume of deals at Elsis Savdo, electronic off-exchange trades, made up 2.79 billion soums in the first quarter of 2007.
The Asian Development Bank (ADB) is providing a US$100 million credit guarantee to securitize the diversified payment rights of JSC Kazkommertsbank, one of Kazakhstan’s largest commercial banks.
Oxus Gold plc announced Zeromax has subscribed for an additional 16,761,368 new ordinary shares in the Company at a price of 21.5 pence per share. The shares have been issued pursuant to a subscription agreement dated 30 November 2006.