EDITOR: | November 5th, 2013 | 6 Comments

‘We want to develop our mine’ — Stans Energy’s Chairman discusses International Arbitration and the Kutessay II Rare Earth Project

| November 05, 2013 | 6 Comments
image_pdfimage_print
stansenergy

InvestorIntel Publisher and Editor-in-Chief, Tracy Weslosky interviews Ambassador Rodney Irwin, Chairman and interim President and CEO of Stans Energy Corp.

November 5, 2013 — Tracy Weslosky, Publisher and Editor-in-Chief of InvestorIntel interviews Rodney Irwin, Chairman and interim President and CEO of Stans Energy Corp. (TSXV: HRE | OTCQX: HREEF) to discuss Stans Energy’s most-recent announcement that the company has commenced international arbitration against the Government of Kyrgyzstan to reclaim its mining license to the past-producing Kutessay II Rare Earth Project that it acquired in 2009 from the Kyrgyz Republic. In May 2011, Stans completed the purchase of the Kashka Rare Earth Processing Plant, the same plant that previously refined rare earths from Kutessay II ores. Kashka was the only hard-rock plant that produced all rare earth elements outside of China. On September 16th, Stans Energy announced that a Kyrgyz court ruled against Kutessay II’s previous license holder, citing that the Chinese company that claimed ownership of the mine had no legal claims to the license.

Tracy starts, “We have a huge audience of Stans Energy shareholders on InvestorIntel and everyone wants to know: what’s happening with arbitration? You won your case, but what’s happening today?”

“We still feel that we need a more cooperative Kyrgyz government on side,” explains Ambassador Irwin. “So we’ve decided to go to international arbitration. First, if necessary, to get our money back. But really our intention is to have a ‘stick’ to encourage cooperation from the government because we still want to develop our mine.”

Tracy asks, “I’ve read your background and you’ve been an ambassador to a number of Eastern European countries. If anyone could lead arbitration, you certainly could. Can you tell me why you selected Moscow?”

“We think Moscow is a good selection for two reasons,” Ambassador Irwin explains. “The first is, it’s cheaper and will cost us less money; the second, the process will proceed quickly, much more quickly that it might in other arbitration courts.”

Tracy discusses former Stans Energy Corp. President and CEO, Robert Mackay (who had to resign in September due to health problems), and his vision to turn Kutessay II into a producing rare earth mine; and asks Ambassador Irwin how Stans Energy intends on fulfilling the former President and CEO’s dreams. “Well, one of the key pieces of that, in addition to getting the mine back into operation, is the processing plant that goes with it,” says Ambassador Irwin. “The processing plant is a separate project and is not caught up in our mining license issues with the Kyrgyz government. So Stans Energy is continuing with prep work to get that processing plant back into operation because it is extremely valuable to the company. That might leads us, at some point, to the possibilities of processing rare earths for other people.”

Regarding the timeline for arbitration, Ambassador Irwin comments: “We think that the timeline will be short, meaning a matter of months, not a matter of years. And we think that is very important because we want to get on with it. Our real intention is to get the Kyrgyz government to realize that this is a good project; it’s very good for the Kyrgyz economy, for employment. We have the support of local villagers, who see that there are jobs here. We think that we will start to get good political support — and that’s really what we’re working on. We are talking to as many people as we can locally. One very encouraging sign has been that there is a new governor for the region where our mine is, who has taken an interest in us. In fact, he has toured the mine site. I’m going back to Moscow and Bishkek this week to meet with the governor; to tell him what it is we want to do and to get him onside. That, we think, will be very momentous in terms of convincing the central government that we have good political support — and that’s important.”

Disclaimer: Stans Energy Corp. is an advertorial member of InvestorIntel.


Tracy Weslosky

Editor:

Tracy Weslosky is the CEO of InvestorIntel Corp., a company formed to provide investor relations in 2001 that today now provides online media marketing, social ... <Read more about Tracy Weslosky>


Copyright © 2017 InvestorIntel Corp. All rights reserved. More & Disclaimer »


Comments

  • Dave

    Great to see Stans fighting to win. Appreciate this video interview update. We are rooting for you Stans Energy. Glad to see the management changes haven’t changed the vision.

    November 5, 2013 - 2:09 PM

    • David Mortimer

      Yes its still a great project Stans has a great team in place who will do it justice in the long run , we’re not out of the game yet by a long shot.

      November 5, 2013 - 6:29 PM

  • K. Busby

    It certainly is good news to hear that Stans finally is taking the action necessary to solidify its project. My thought is that given the overwhelming evidence, the government may settle out-of-court and in the company’s favour. No developing country that MUST rely on direct foreign investment can afford to get too much bad publicity in the global investment community if they hope to move up the development ladder, for them, there is much more at stake here than just a mine. It is not at all surprising that it is the Chinese lurking in the background–I bet they are doing anything and everything, legal and otherwise, to get their way. But it sounds like the company is familiar with all the snakes in the grass.

    November 5, 2013 - 2:53 PM

  • David Mortimer

    Thanks Tracy as usual for having your finger on the pulse of all things Stans energy, a very encouraging interview and I wish Robert Mackay all the best with his health and Rodney with his endeavors out in Kyryg .

    November 5, 2013 - 6:23 PM

  • Bill Keenes

    Good luck succeeding where many (foreign mining companies) before Stans have failed.

    November 5, 2013 - 7:41 PM

  • InvestorIntel Week-in-Review: Nouveau Monde (+20.93%), US Rare Earths (+18.48%), Texas Rare Earth Resources (+15.61%), Stans Energy (+12.50%) & Hastings Rare Metals (+9.38%) | InvestorIntel

    […] week on the Canadian exchange on no new announcements; however, last week I published my exclusive video interview with Stans Energy’s Chairman and interim President and CEO, Rodney Irwin, to discuss Stans Energy’s most-recent announcement that the company has commenced international […]

    November 17, 2013 - 3:32 PM

Leave a Reply

Your email address will not be published. Required fields are marked *