#solution
Edit /etc/yum.repos.d/openvz.repo
For the first two entries comment out #mirrorlist and uncomment #baseurl and then it worked
openvz yum problem Centos 6.5 cannot find file on mirror:
yum update
Loaded plugins: fastestmirror
Determining fastest mirrors
* openvz-kernel-rhel6: mirrors.ustc.edu.cn
* openvz-utils: mirrors.ustc.edu.cn
base ........
For whatever reason the current OpenVZ yum repo file enables the RHEL6 version of OpenVZ, why is this bad? Because if you're running Centos 5 it still defaults to using the kernel from RHEL6 which won't work on RHEL5/Centos 5.
Ionly realized this after wondering why I couldn't boot into OpenVZ that it was using one meant for RHEL6.
To fix the problem you have to edit /etc/yum.repos.d/openvz.repo and disable the "[openvz-kernel-rhel6]" section by changing........
It's weird because I have a nearly identical box and setup and I can update the ovzkernel-PAE* just fine but on this box it doesn't work.
I only get this error with the openvz.repo and not others such as Centos-Base.repo
With my other server it works normally:
================
Setting up Update Process
Resolving Dependencies
--> Running transaction check
---> Package ovzkernel-PAE.i686 0:2.6.18-238.12.1.el5.0........