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Kazera Global PLC Ord 0.1P (KZG)

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23-Dec-2019 09:35 AM

Kazera Global losses narrow on lower exploration spend

Mining investor Kazera Global booked a narrower full-year loss thanks to lower exploration and administrative expenses. Pre-tax losses for the year through June amounted to £1.34m, compared to losses of £2.54m on-year. The company, which own
28-Mar-2018 09:34 AM

Kazera Global eyes additional customers as losses deepen

Kazera Global's losses before tax widen to £480,000 for the six months ended 31 December 2017, from £418,000 in the same period a year ago. Cash balances rose to £2,561,000 from £315,000 as Namibia Tantalite Investment (NTI)
20-Jun-2011 09:07 AM

KazakhGold and Polyus Gold agree 'combination'

KazakhGold Group and OJSC Polyus Gold have set out details of their 'proposed combination'. If completed, this would result in KazakhGold acquiring all or substantially all of the issued share capital of Polyus Gold, currently the indirect cont
17-May-2011 02:00 PM

KazakhGold settles claims against Assaubayev family

KazakhGold says the conditions for the settlement with members of the Assaubayev family and certain of their affiliates. The conditions include the issue to KazakhGold of an irrevocable documentary letter of credit of $100,000,000 and the receipt of t
14-Mar-2011 02:27 PM

KazakhGold terminates AltynGroup agreement

KazakhGold has terminated its principal agreement with AltynGroup Kazakhstan as the first tranche completion was not achieved by the cut-off date. KazakhGold's board intends to explore other opportunities over the sale of the company's assets
08-Dec-2010 01:27 PM

Polyus Gold to recoup all cash used to acquire KazakhGold

Polyus Gold will recoup all the cash funds used to acquire KazakhGold and gain an excellent arena from which to develop its presence on the global market. The firm says this follows KazakhGold's binding agreement with AltynGroup Kazakhstan - a limit
12-Nov-2010 12:17 PM

KazakhGold may sell interests in legal settlement

Mining company KazakhGold confirmed press reports of talks with the Assaubayev family and others on a possible settlement of claims and actions. The company said this may involve a sale of interests in its operating companies. It will issue a further
26-Oct-2010 02:26 PM

KazakhGold-Polyus Gold deal terminated

KazakhGold Group's proposed merger with Polyus Gold has been terminated. The two firms said they were continuing to seek a resolution to the issues raised by Kazakh authorities over the consents required for the private exchange offer. But they hav
21-Sep-2010 08:11 AM

KazakhGold pre-tax losses narrow

Interim pre-tax losses at KazakhGold Group fell to $29.8m - down from $118.9m last time. Gold sales rose to $42.4m from $25.6m and total revenues increased to $43.1m from $26.1m a year ago. The firm posts a gross profit of $5.5m compared with a $6.2m lo
06-Sep-2010 10:02 AM

KazakhGold in plea to Kazakhstan president

KazakhGold has sent an open letter to Kazakhstan's president urging him to intervene in the conflict stemming from Russia's Polyus purchase of a stake in KazakhGold. The firm says: "The commercial and strategic rationale underlying the co
26-Aug-2010 02:12 PM

KazakhGold unit loses final appeal over frozen accounts

KazakhGold subsidiary Kazakhaltyn has lost its final appeal to lift the freezing order on its bank accounts. Kazakhstan's Agency on Economic and Corruption-Related Crimes has given Kazakhaltyn permission to access funds to pay employees and taxes an
24-Aug-2010 03:45 PM

KazakhGold unit undergoes unscheduled tax audit

KazakhGold subsidiary Kazakhaltyn MMC is undergoing an unscheduled tax audit for 2009 and 2010. KazakhGold said its subsidiaries are fulfilling their tax obligations in full in and the company is undertaking actions to remedy breaches of tax regulations
16-Aug-2010 02:51 PM

KazakhGold unit loses appeal over frozen bank accounts

KazakhGold's main operating subsidiary Kazakhaltyn has lost its appeal to lift the freezing order on its bank accounts in Kazakhstan. But Kazakhaltyn has been given permission by Kazakhstan's Agency on Economic and Corruption-Related Crimes to
16-Aug-2010 10:41 AM

KazakhGold bank account freezing order remains

KazakhGold says that an application to lift a freezing order on bank accounts in Kazakhstan has been refused. Permission has been obtained, however, to pay wages and certain other operating expenses essential for the continuation of operations. Stor
03-Aug-2010 02:43 PM

KazakhGold accounts frozen in Kazakhstan

KazakhGold has warned that its main operating subsidiary, Kazakhaltyn, may be unable to pay workers after bank accounts were frozen by Kazakhstan's Agency on Economic and Corruption Crimes. It says this is part of an investigation by the AECC into
27-Jul-2010 01:19 PM

KazakhGold shareholders back Polyus deal

KazakhGold shareholders have approved the reverse takeover of its parent company Polyus Gold. KazakhGold chairman and Polyus Gold chief executive Evgeny Ivanov said: "We are very pleased that shareholders have voted overwhelmingly in support of the
23-Jul-2010 09:19 AM

KazakhGold refunds $32m VAT to Kazakhstan

KazakhGold subsidiary Kazakhaltyn has voluntarily refunded VAT worth around $32m to the Republic of Kazakhstan budget. The funds were provided by KazakhGold's controlling shareholder - Russia's largest gold producer Polyus Gold. Story pr
12-Jul-2010 09:00 AM

KazakhGold welcomes review by Kazakh authorities

KazakhGold has welcomed a decision by Kazakh authorities to review the actions taken by the company's former directors. KazakhGold and Jenington International, a subsidiary of OJSC Polyus Gold, have started legal proceedings against five members of
29-Jun-2010 01:06 PM

KazakhGold in High Court action against former directors

KazakhGold subsidiary Kazakhaltyn and Jenington International - part of Polyus Gold - have started a High Court action against five members of the Assaubayev family. The family members were former directors of KazakhGold; Gold Lion Holdings and Hawkinso
19-May-2010 11:21 AM

KazakhGold to spend $202m on development programme

KazakhGold Group says that that the Board has approved a total capital expenditure budget of $202m for the period 2010-2013. The Group states that US$ 83m will be used to finance modernization of existing facilities and construction of the central meta
14-Apr-2010 09:36 AM

KazakhGold seeks approval for Polyus deal

Gold mining firm KazakhGold has applied for Russian government approval for a reverse takeover of its parent Polyus Gold. But the firm stressed that there could be no certainty that any transaction would be forthcoming. It said consideration of a possi
17-Mar-2010 01:54 PM

KazakhGold Group unveils board changes

KazakhGold Group has revealed a number of changes to its board. The firm said that Stephen Oke, David Netherway and Boris Zakharov had resigned. Alexey Teksler, who is chief executive of KAZAKHALTYN MMC JSC, one of Kazakhstan's leading gold mining
29-Dec-2009 08:31 AM

KazakhGold placing postponed

KazakhGold Group planned placing of new ordinary shares and global depositary receipts has been postponed. KazakhGold said this would give it more time to investigate regulatory issues in connection with the placing. KazakhGold expects to raise approx...
02-Oct-2009 01:51 PM

KazakhGold results delayed

KazakhGold says the the publication of its interim statement for the six months to 30 June 2009 will be delayed. The Company says the delay is in order to permit the new management of the Company (following completion of the Partial Offer by Jenington In...
 
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