This is the guy who was „on duty“ as the head of State Geological Agency (SGA) during the time we tried to negotiate the details of our LA#3. We never got any response (see bellow). He was dismissed some days after he / SGA ordered a temporary work stoppage. According to this news he was placed in jail last Friday by Kyrgyz anti-corruption-service.


12/12/03, 09:33

AKC SNSC home in the former head of the detention center Gosgeologii U.Tashbaeva


Tazabek - Anti-corruption service GKNB November 30, 2012 detained and placed in jail SNSC former director of the State Agency for Geology and Mineral Resources of the Government of the Kyrgyz Republic Uchkunbek Tashbaev. According to the press service of the National Security Committee.

U.Tashbaevu charged with a crime under Art. 304 part 2 (abuse of power) and Part 1 of Article 307 (illegal use of official position in the implementation of the licensed activity) of the Criminal Code of the Kyrgyz Republic. May Day in the District Court of Bishkek on Tashbaeva WA a preventive measure in the form of imprisonment in jail for up to SNSC January 30, 2013.

U.Tashbaev was dismissed on September 12, 2012.


See NR 11. Sept. 2012

In accordance with Stans Energy’s License obligations, on July 16, 2012, the company submitted a letter to the Director of the State Agency on Geology and Mineral Resources under the Government of the Kyrgyz Republic, requesting a meeting to discuss the parameters and terms of the proposed public/private partnership. Stans did not receive any response, and therefore, on July 27th, 2012, Stans sent another request, addressed to the same Director, to negotiate a public/private partnership. With no response from the Agency, on July 31st, and then again on August 29th, 2012, Stans delivered letters to the Deputy Director of the State Assets Management Fund, containing a proposal for a public/private partnership without any numerical gratuitous transfer of ownership, and requesting the Agency’s opinion of the proposal. Prior to this work stoppage order, the officers of the company had not been given the opportunity to meet with the said Agencies to discuss the gratuitous transfer of a percentage of ‘Kutisay Mining LLC’. This unexpected work stoppage order is the first official communication from either Government Agency regarding this issue within the licensing agreement, since the licensing agreement was signed. The Company has ensured all necessary measures for proper performance of its obligations with the degree of care and prudence required by the nature of the obligation and by the conditions of the transaction being negotiated. In response to the actions of the Agency, Stans will undertake legal action to ensure the parameters of License Agreement #3 are followed by both parties