OREANDA-NEWS.  September 02, 2014. With an announcement of shifts in on-site management, Stans Energy of Canada repeated threats to lay its hands on assets abroad owned by the state of Kyrgyzstan defying the country’s judicial and constitutional sovereignty under the UN Charter.

The miner, engaged in a controversial mining operation involving so-called rare earth metals (far from all of the are that rare to begin with) without, to the Kyrgyz government’s mind, having carried out the work included in its concession agreement, But despite the Canadians’ continuing publicity campaigns, crucial questions remain unanswered.
 
“Shares of Stans Energy (CVE:HRE) were rising on Monday after the company announced it has begun an operational review to streamline work functions at its subsidiaries in Kyrgyzstan in light of recent developments,” a financial newsreel called Proactive Investors reported on Tuesday last week.

“Shares picked up 6.3 percent on Monday, to 17 Canadian cents, extending year-to-date gains to more than 142 percent. The junior Canadian company tumbled last week after saying the Bishkek City Court ruled in favour of the Kyrgyz General Prosecutor’s Office with respect to its claim regarding Stans’ Kutessay II project. On March 19, 2014, the Inter-District Court of Bishkek found in favour of the General Prosecuter's Office and ruled to annul the minutes of the meeting that resulted in the 20-year mining licences for Kutessay II and Kalesai deposits being acquired by Stans through auction in 2009. On Monday, Stans said that as part of the streamlining process, certain responsibilities within executive management at its subsidiaries will change. Gennady Savchenko, who is currently director general of Stans Energy KG and Kutisai Mining, will now become VP of Kyrgyz operations and will retain his title at Stans Energy KG. Uzak Sultanidinov, a former assistant to the deputy prime minister in Kyrgyzstan, has been chosen to fill the role of director general of Kutisai Mining.”
 
A rather biased news report
“The company, in its statement, disputed the "factual inaccuracies" in Prime Minister J. Otorbaev's comments from early August, which said that Stans has not complied with its licensing requirements and that the Kyrgyz government does not recognize the Moscow International Arbitration Court,” the (rather biased) news report read further down. “On July 9, Stans sent a voluntary payment request to Kyrgyz Prime Minister Otorbaev requesting \\$118 million, as awarded to the company by the International Arbitration Court at the Moscow Chamber of Commerce and Industry. Stans emphasised that it has complied with all terms of the licensing agreement, and that all reports and project documentation were delivered to the State Geological Agency in a timely manner. It also noted that according to Article 56 of the Arbitration Rules of the Tribunal, the award of the Tribunal ‘shall be final and binding on the parties and is not subject to appeal’. ‘These latest statements by Mr. Otorbaev clearly demonstrate the hostile attitude of Kyrgyz Government toward the company and its lack of intention to seek an amicable solution at this time,’ it concluded.”