State Committee of Uzbekistan on geology and mineral resources, owning 40% stake in Amantaytau Goldfields, called extraordinary general shareholders’ meeting.

According to the committee, the shareholders of the joint venture will discuss two issues at their meeting – voluntary liquidation of Amantaytau Goldfields JV and approval of liquidation commission’s structure.

Founders of AGF are Britain’s Oxus Gold (50%), State Committee on Geology and Mineral Resources of Uzbekistan (40%) and Navoi Mining and Metallurgy Combine (NGMK, 10%).

As earlier reported, Oxus Gold plc has agreed to sell its entire 50% shares in the Amantaytau Goldfields joint venture to the Uzbek partners.

The agreement in principle is the result of discussions between its wholly owned subsidiary, Oxus Resources Corporation (ORC), and the Uzbek shareholders of AGF.

The company said as a result of these discussions, the Uzbek shareholders have agreed, in principle, to acquire ORC’s 50% shareholding in AGF for cash, at a price to be agreed.