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07 January 2010
Fairfax acts as Financial Adviser to Oxus Gold PLC in respect of a conditional investment of up to US$185 million by a consortium of investors led by the CITIC Group
Oxus Gold plc is a gold and silver mining company with primary operations in the Republic of Uzbekistan through a 50% stake in the Amantaytau Goldfields (AGF) Joint Venture. Since being admitted to trading on AIM in 2001, Oxus has produced significant quantities of both gold and silver from its 50% interest in AGF, whose mining operations are located in the Kyzylkum region of Uzbekistan. To date, AGF has produced approximately 526,000 ounces of gold and 2,240,000 ounces of silver.