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Gold/Mining/Energy : WWS.T World Wide Minerals

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To: tango who wrote (463)	5/15/1998 1:00:00 AM
From: traacs	Read Replies (1) of 784

WWS is getting good coverage on the legal action against Kazakhstan It made into the rferl.org rferl.org TRANSNATIONAL COMPANY SUES KAZAKH GOVERNMENT A transnational corporation is suing the Kazakh government for breach of contract, ITAR-TASS reported on 14 May. The Toronto-based World Wide Minerals corporation--which is also registered in the U.S., where it has filed suit--signed a contract to mine and process uranium ore in the Stepnogorsk region. The corporation assumed the debts of the previous owner, a Kazakh company, and paid wage arrears and pensions to workers. World Wide Minerals planned to sell the uranium to the U.S. company Consumers Energy but claims it has lost $220 million because the Kazakh government has failed to grant it an export license. BP

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