From the Almaty Herald Kazakhstan
WWM Wants Money Returned. The Canadian mining company, World
Wide Minerals, announced on April 9 the beginning of direct
negotiations with the Kazakstani government concerning the issue
of cancellation of a contract to manage the Tselina mining plant in
the north of Kazakstan. WWM's chairman, Pol Carol, visited Akmola
at the invitation of the ministry for power, industry, and trade, in
order to clarify the issue of returning money invested in the project.
Earlier, after the Kazakstani government had offered talks to the
company, WWM's leadership made the decision not to appeal to the
international court. In WWM's estimations, the total sum invested in
TMP comprised US $25m, taking into account interest from loans.
Kazakstan has established a working group including
representatives from the ministry for power, industry, and trade in
order to value funds committed by the Canadian company in the
production of uranium. Stolichnoye Obozreniye, #15/98 |
