Great Western Exploration may elect not to proceed to part acquire the the Spasskaya Copper Project in Kazakhstan.
A company related to the Republic of Kazakhstan Sovereign Fund was to complete regulatory and shareholder approvals including completing a sub-soil rights contract.
GTE said that it may withdraw from the JV with no ongoing obligations.In light of this uncertainty,work on the project has been suspended.It remains confident that this issue will be resolved.By the December 7th 2012 the outcome of various protocols will be known the company said.
Source:
http://www.steelguru.com/metals_news/Great_Western_Exploration_awaits_Kazakhstan_protocols_for_copper/293192.html
