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Kazakhstan Daily News Roundup – June 11, 2010

Posted on June 11, 2010 by KazCham

Silk Road Intelligencer: Kazakhstan Daily News Roundup

HEADLINES:

IMF ups growth forecast

(SRI) – The International Monetary Fund (IMF) has revised the 2010 growth forecast for the Kazakh economy in 2010 to 4 percent from 2.4 percent but warned that Kazakhstan’s financial sector remains a cause for concern.

Russian ARMZ to gain control over Uranium One in exchange for cash and mines
(SRI) – Kazakhstan-focused miner Uranium One said on Tuesday that Russia’s Atomredmetzoloto (ARMZ) would acquire a controlling stake in the Canadian company in exchange for stakes in two mines in Kazakhstan and $610 million in cash.

Kazakhstan to introduce export tariff on aluminum
(SRI) – Kazakhstan will introduce a 15-percent export tariff on aluminum alloys, or no less than 100 euros per metric ton, starting on June 23, the government said on Thursday.

ENERGY:

Russian ARMZ to gain control over Uranium One in exchange for cash and mines (SRI)

ARMZ says to boost Uranium One’s output by 30 percent (Reuters)

Uranium One shares dive as Russia deal questioned (Reuters)

A Canadian harvests Kazakhstan’s uranium (Reuters – Moscow Times)

SOCAR, KMG announce tender for Caspian oil transit study (SRI)

The Giffen strategy: Waiting out the CIA, hoping prosecutors lose heart or interest (The Oil and the GLory)

Kazatomprom ready to buy into Russian enrichment plant (Interfax)

BUSINESS AND ECONOMY:

IMF ups growth forecast (SRI)

Alliance Bank upgraded to ‘B-/C’ on completion of restructuring (S&P)

Kazakh Parliament suggests raising taxes on tobacco (Interfax)

Ukraine, Kazakhstan to develop joint projects (Interfax – Kyiv Post)

Kazakhtelecom reducing tariffs for secondary providers by 10 percent in H1 (Interfax)

National Bank of Kazakhstan: Exchange rates June 11, 2010 (Kazakhstan Today)

METALS AND MINING:

Kazakhstan to introduce export tariff on aluminum (SRI)

Kazakhstan to better protect national interest in mineral resource sector (Interfax)

POLITICS:

Nazarbayev may become Kazakh ‘Leader of Nation’ on technicality (Bloomberg)

Nazarbayev weighs in on Turkey-Israel (EurasiaNet)

REGIONAL:

Uzbekistan, China pledge closer energy and security ties (AFP)

U.S., Kyrgyzstan in talks on fuel supplies at key air base – U.S. (AFP)

Caviar poaching kills Russia’s noble “Tsar fish” (Reuters)

SOURCE: http://silkroadintelligencer.com

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