Kazakhstan Daily News Roundup – June 23, 2011
ANALYSIS:
Strikes cripple oil production at major KMG EP oil fields
(SRI) – KazMunaiGas Exploration Production (KMG EP), the London-traded Kazakh oil company, continues to suffer production losses amid prolonged strikes at two of its major oil fields.
ENERGY:
Samruk-Energo reaches framework agreement with China Exim Bank (SRI)
BUSINESS AND ECONOMY:
Fitch affirms BTA Bank and Alliance Bank ratings (Fitch)
BTA Bank posted net loss last month – central bank (Bloomberg)
Indicators – June 22, 2011 (Reuters)
METALS AND MINING:
Kazakhmys to raise copper output 60% with new deposits
(SRI) – Kazakhmys, Kazakhstan’s largest copper miner, said the expected combined annual copper production at the Bozshakol and Aktogay deposits will be 200,000 tonnes, increasing the company’s copper output by 60%.
Kazzinc, BHP to vie for Tajik silver deposit
(Reuters) – A consortium led by Glencore-owned Kazzinc and BHP Billiton are the only contenders for Tajikistan’s largest silver field after three Chinese rivals withdrew their bids, a government official said.
SOCIETY:
Kazakhstan to introduce satellite surveillance to track immigrants avoiding extradition (Interfax)
SOURCE: http://silkroadintelligencer.com/2011/06/23/kazakhstan-daily-news-roundup-june-23-2011/
Tags: Alliance bank, BHP, BTA bank, Kazakhmys, Kazzinc, KMG EP, Samruk-Energo
