Eurasian Steppe

Steppe Gold receives approval for the cross-listing on the Mongolian Stock Exchange

Retrieved on: 
Wednesday, June 30, 2021
Continents, East Asia, Asia, Temperate grasslands, savannas, and shrublands, Eurasian Steppe, Inner Asia, MONGOLIA, Steppe, Ulaanbaatar

ULAANBAATAR, Mongolia, June 30, 2021 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO, OTCQX: STPGF) (Steppe Gold or the Company) is pleased to announce that it has received the approval from the Financial Regulatory Commission of Mongolia in relation to its proposed cross-listing on the Mongolian Stock Exchange (MSE).

Key Points: 
  • ULAANBAATAR, Mongolia, June 30, 2021 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO, OTCQX: STPGF) (Steppe Gold or the Company) is pleased to announce that it has received the approval from the Financial Regulatory Commission of Mongolia in relation to its proposed cross-listing on the Mongolian Stock Exchange (MSE).
  • Steppe Gold quickly positioned itself as Mongolias leading gold producer and we are excited to attract more Mongolian retail investors and institutions in the growth of our exciting and growing portfolio of precious metal assets.
  • Steppe Gold already has over 20% of its shares owned by Mongolian investors and, with this move, we are reaffirming our commitment to enable more Mongolians to share in the success of Steppe Gold.
  • Steppe Gold has built a strong reputation regarding community engagement, investment on the education of Mongolian youths, local development support, job creation, and responsible mining.

International Experts Discuss Successful Experience of Kazakhstan Ministry of Justice in Improving Dispute Resolution and Prevention Mechanisms as Part of World Bank Webinar

Retrieved on: 
Tuesday, June 1, 2021
Professional services, Communications, Finance, Consulting, Banking, Public relations, Investor relations, Countries, Eurasian Steppe, KAZAKHSTAN, International arbitration

On 27 May 2021, the World Bank jointly with Kazakhstans Ministry of Justice held a high-level webinar entitled: Experience of Kazakhstan in improving the International Business and Investment Climate Improving Dispute Resolution and Prevention Mechanisms: Prevent, Arbitrate, and Mediate.

Key Points: 
  • On 27 May 2021, the World Bank jointly with Kazakhstans Ministry of Justice held a high-level webinar entitled: Experience of Kazakhstan in improving the International Business and Investment Climate Improving Dispute Resolution and Prevention Mechanisms: Prevent, Arbitrate, and Mediate.
  • Minister Beketayev cited the establishment of the Astana International Financial Center as evidence of the achievements made.
  • The Minister added that: the development of our institutions has been accompanied by a decline in the number of international arbitration cases brought against Kazakhstan, as reflected by the latest World Bank data.
  • Finally, Akerke Akhmetova, Vice Minister of Justice, Kazakhstan, covered Kazakhstans experience and reforms in improving dispute resolution and prevention mechanisms.

U.S. Silicon Metal Producers Welcome Duties on Unfairly-Traded Silicon Metal Imports from Bosnia and Herzegovina, Iceland

Retrieved on: 
Tuesday, December 8, 2020
Countries, Continents, Geography of Europe, Member states of the United Nations, Eurasian Steppe, KAZAKHSTAN, BOSNIA AND HERZEGOVINA

Today's announcement is the latest development in ongoing investigations of unfairly-traded silicon metal imports from Bosnia and Herzegovina, Iceland, Malaysia and Kazakhstan and closely follows an announcement that Commerce will impose preliminary duties up to 120% on all silicon metal import from Kazakhstan.

Key Points: 
  • Today's announcement is the latest development in ongoing investigations of unfairly-traded silicon metal imports from Bosnia and Herzegovina, Iceland, Malaysia and Kazakhstan and closely follows an announcement that Commerce will impose preliminary duties up to 120% on all silicon metal import from Kazakhstan.
  • On June 30, 2020, GSM and MS filed petitions to stop silicon metal producers in Bosnia and Herzegovina, Iceland, Malaysia and Kazakhstan from selling dumped and unfairly subsidized silicon metal imports into the United States.
  • In their petitions, the companies asked the Commerce and ITC to impose duties on to offset unfair pricing and unfair subsidies.
  • "Like the duties recently imposed on imports from Kazakhstan, these duties will level the playing field and restore real, honest competition.

EU-Kazakhstan Cooperation Committee

Retrieved on: 
Saturday, September 26, 2020
Continents, Countries, Europe, Eurasian Steppe, KAZAKHSTAN, Kazakhstan–European Union relations

The European Union (EU) and Kazakhstan held their 18th meeting of the Cooperation Committee, online, on Friday, 25 September 2020.

Key Points: 
  • The European Union (EU) and Kazakhstan held their 18th meeting of the Cooperation Committee, online, on Friday, 25 September 2020.
  • The Cooperation Committee discussed the impact of the COVID-19 pandemic and the importance of strengthened multilateralism.
  • The EU and Kazakhstan reviewed their cooperation in the following fields covered by the EPCA: the rule of law, good governance, the protection of human rights, economic developments and reforms, energy, transport, environment, climate action, mobility and people-to-people cooperation, education, science, civil society and regional cooperation.
  • The Cooperation Committee discussed the progress made in the framework of the high-level EU-Kazakhstan Business Platform set up in June 2019.
  • The Cooperation Committee also discussed EU-Central Asia regional cooperation including in the field of security, counter-terrorism, fighting drug trafficking and border management.
  • Today's Cooperation Committee will contribute to the EU-Kazakhstan Cooperation Council, at ministerial level, to take place in the near future.
  • Both the EU and Kazakhstan look forward to continuing the close cooperation in the framework of the EPCA.

Dutch Appellate Court Grants Recognition of US$543 Million Arbitration Award in Favor of Moldovan Investors

Retrieved on: 
Tuesday, July 14, 2020
Law by country, Countries, Politics by country, Eurasian Steppe, KAZAKHSTAN, Republics, Energy Charter Treaty, R (Miller) v Secretary of State for Exiting the European Union

Following almost three years of proceedings,the Dutch court in its detailed and well-reasoned ruling handed down on July14, 2020conclusively and comprehensively rejected all of Kazakhstan's objections.

Key Points: 
  • Following almost three years of proceedings,the Dutch court in its detailed and well-reasoned ruling handed down on July14, 2020conclusively and comprehensively rejected all of Kazakhstan's objections.
  • The Dutch court ruling is the latest development in the Stati parties' long-running battle to enforce the award for Kazakhstan's violations of the investor protection provisions of the Energy Charter Treaty.
  • The award has since been fully upheld by two tiers of the Swedish judiciary, including the Swedish Supreme Court.
  • The Stati parties acquired two companies in 1999 that held idle licenses in the Borankol and Tolkyn fields in Kazakhstan.

Dutch Appellate Court Grants Recognition of US$543 Million Arbitration Award in Favor of Moldovan Investors

Retrieved on: 
Tuesday, July 14, 2020
Law by country, Countries, Politics by country, Eurasian Steppe, KAZAKHSTAN, Republics, Energy Charter Treaty, R (Miller) v Secretary of State for Exiting the European Union

Following almost three years of proceedings,the Dutch court in its detailed and well-reasoned ruling handed down on July14, 2020conclusively and comprehensively rejected all of Kazakhstan's objections.

Key Points: 
  • Following almost three years of proceedings,the Dutch court in its detailed and well-reasoned ruling handed down on July14, 2020conclusively and comprehensively rejected all of Kazakhstan's objections.
  • The Dutch court ruling is the latest development in the Stati parties' long-running battle to enforce the award for Kazakhstan's violations of the investor protection provisions of the Energy Charter Treaty.
  • The award has since been fully upheld by two tiers of the Swedish judiciary, including the Swedish Supreme Court.
  • The Stati parties acquired two companies in 1999 that held idle licenses in the Borankol and Tolkyn fields in Kazakhstan.

Palayan Resources Acquires Certain Mineral Rights in Kazakhstan

Retrieved on: 
Friday, June 19, 2020
Countries, Continents, Organizations, Eurasian Steppe, KAZAKHSTAN, Republics, Limited liability partnership, Palayan

SMG-Gold B.V., a private company incorporated under the laws of the Netherlands, holds certain mineral rights through Altyn Kokkus LLP, a Kazakhstan limited liability partnership organized and existing under the laws of Kazakhstan, identified by a Subsoil Resources Use Contract No 2068 for land rights and underground mineral rights to the Kokkus Project, a gold and copper deposit in Kazakhstan (the Kokkus Project).

Key Points: 
  • SMG-Gold B.V., a private company incorporated under the laws of the Netherlands, holds certain mineral rights through Altyn Kokkus LLP, a Kazakhstan limited liability partnership organized and existing under the laws of Kazakhstan, identified by a Subsoil Resources Use Contract No 2068 for land rights and underground mineral rights to the Kokkus Project, a gold and copper deposit in Kazakhstan (the Kokkus Project).
  • It consists of a Subsoil Resource Contract under Kazakhstan law covering approximately 16 square kilometers.
  • The Kokkus Project is located in one of the foremost mining regions in Kazakhstan and we are committed to exploring the potential of this property, stated James Jenkins, President of Palayan Resources, Inc.
  • Palayan Resources, Inc. is an emerging growth company that engages in the acquisition, exploration, and development of mineral properties.

U.S. Federal Court Compels Kazakhstan To Provide Worldwide Discovery Of Its Assets

Retrieved on: 
Tuesday, May 19, 2020
Countries, Continents, Eurasian Steppe, KAZAKHSTAN, Republics, Geography of Europe, Judgment

The ruling further stated that U.S. law allows a judgment creditor to obtain discovery "beyond a judgment-debtor's self-serving statement that it has no assets."

Key Points: 
  • The ruling further stated that U.S. law allows a judgment creditor to obtain discovery "beyond a judgment-debtor's self-serving statement that it has no assets."
  • The court also allows the Statis to discover documents relating to Kazakhstan holdings outside the U.S.
  • The District Court further ruled that Kazakhstan would not be excused from further discovery on the ground that the Stati parties have attached Kazakh state assets in Europe, noting Kazakhstan's ongoing efforts to challenge those attachments.
  • The Stati parties acquired two companies in 1999 that held idle licenses in the Borankol and Tolkyn fields in Kazakhstan.

U.S. Federal Court Compels Kazakhstan To Provide Worldwide Discovery Of Its Assets

Retrieved on: 
Tuesday, May 19, 2020
Countries, Continents, Eurasian Steppe, KAZAKHSTAN, Republics, Geography of Europe, Judgment

The ruling further stated that U.S. law allows a judgment creditor to obtain discovery "beyond a judgment-debtor's self-serving statement that it has no assets."

Key Points: 
  • The ruling further stated that U.S. law allows a judgment creditor to obtain discovery "beyond a judgment-debtor's self-serving statement that it has no assets."
  • The court also allows the Statis to discover documents relating to Kazakhstan holdings outside the U.S.
  • The District Court further ruled that Kazakhstan would not be excused from further discovery on the ground that the Stati parties have attached Kazakh state assets in Europe, noting Kazakhstan's ongoing efforts to challenge those attachments.
  • The Stati parties acquired two companies in 1999 that held idle licenses in the Borankol and Tolkyn fields in Kazakhstan.

English Court Weighs In on US$530 Million Attachment of Kazakh National Fund Assets

Retrieved on: 
Wednesday, April 22, 2020
Countries, Continents, Eurasian Steppe, KAZAKHSTAN, Republics, Geography of Europe

The assets in question were held by BNYM under a global custody agreement (the GCA) with the National Bank of Kazakhstan (NBK) governed by English law.

Key Points: 
  • The assets in question were held by BNYM under a global custody agreement (the GCA) with the National Bank of Kazakhstan (NBK) governed by English law.
  • The award has since been fully upheld by two tiers of the Swedish judiciary, including the Swedish Supreme Court.
  • The Stati parties acquired two companies in 1999 that held idle licenses in the Borankol and Tolkyn fields in Kazakhstan.
  • By late 2008, the businesses had become profitable and had yielded considerable revenues for the Kazakh state.