Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – February 14, 2011

Posted on February 13, 2011 by KazCham

HEADLINES:

KEGOC, Samruk-Energo, Kazpost to launch “people’s IPO” – Nazarbayev
(SRI) – Kazakh president Nursultan Nazarbayev instructed his government to prepare state-owned Samruk-Energo, Kazakhstan Electricity Grid Operating Company (KEGOC), and Kazpost for domestic initial public offerings by the end of the year as part of the so-called “people’s IPO.”

BTA to list shares in Luxemburg, on KASE
(SRI) – BTA, Kazakhstan’s third-largest bank, intends to list around 16% of its shares in Luxembourg in the form of global depositary receipts (GDRs) within the next two or three months, Reuters reported on Friday, citing a BTA spokeswoman.

Kazakhmys plans $6-billion investment program
(SRI) – Kazakh copper miner Kazakhmys plans to spend $6 billion over the next three to four years to upgrade its metal plants and develop energy and mining projects, the company’s chairman Vladimir Kim said on Friday.

BUSINESS AND ECONOMY:

Air Astana plans new international routes Aktau-Istanbul and Aktau-Amsterdam (TREND)

National Bank of Kazakhstan: Exchange rates February 12-14, 2011 (Kazakhstan Today)

Indicators – February 11, 2011 (Reuters)

METALS AND MINING:

MPs urge tighter rules after ENRC’s Africa mine deal (Telegraph)

Sunkar seeks partners (Growth Company Investor)

POLITICS:

The Kazakhstan election puzzle (Global Post)

Kazakhstan opposition to boycott presidential polls (AFP)

U.S. helps secure Kazakhstan’s Soviet-era nuclear stock (UPI)

SOURCE: http://silkroadintelligencer.com/2011/02/14/kazakhstan-daily-news-roundup-february-14-2011/

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