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Monday, 21st February 2005 (4351 views)

UK miner Oxus Gold has obtained a share in Australia's Eurogold mining firm.<br/><br/>The Australian company could now be at the centre of a bidding war after Oxus took a 17.2 per cent stake in the business, but has yet to offer a substantial shareholder notice.<br/><br/>Oxus chief executive Bill Trew told AAP: "We will be working with the directors and management of Eurogold to develop our association which we believe could have significant benefits to shareholders of both companies."<br/><br/>According to Mr Trew, Eurogold's mining and gold exploration operations in Ukraine and Romania have "some synergy" with Oxus' assets in Central Asia.<br/><br/>Eurogold shares ended trading up two cents at 20 cents.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7850954"/>

 

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