Kazakhstan Chamber of Commerce in the USA

KazCham



Six countries interested in constructing nuclear plant in Kazakhstan 0

Posted on November 11, 2015 by KazCham

Colibri Law Firm

Kazakhstan has held consultations with leading companies that possess modern reactor technologies, including the companies Rosatom (Russia), Areva (France), Toshiba, Japan Atomic Power Company (JAPC), Mitsubishi, (Japan), CGNPC (China), KEPCO (South Korea), Westinghouse (US), and Hitachi-General Electric (Japan and the US).

During the meetings, the foreign companies provided information about new reactors with improved safety factors as well as about their experience in the construction and operation of nuclear power plants, and expressed interest in cooperating in the construction of the nuclear power plant in Kazakhstan.

The Energy Ministry noted that, to date, two areas have been selected for constructing the nuclear power plant: the town of Kurchatov in eastern Kazakhstan and the village of Ulken in the Almaty province.

The construction of the plant will take a minimum of twelve years; around two years are needed to complete the project’s feasibility study, with at least another ten years for the construction work itself.

Kazakhstan Daily News Roundup – November 7, 2011 0

Posted on November 07, 2011 by Alex

ENERGY:

Areva, Kazatomprom sign deal to produce nuclear fuel for Asia (Dow Jones)

China pipes home 16.9 bcm of Central Asian gas – CNPC (Reuters)

Max Petroleum spuds ‘high impact’ well on Emba B prospect in Kazakhstan (Proactive Investors)

BUSINESS AND ECONOMY:

New beginnings in Central Asia
(bne) – Recent deals by local private equity funds indicate that the combination of the global crisis and the subsequent recovery is finally opening up new opportunities for private equity in Kazakhstan and the wider Central Asian region.

Kazakh grain harvest more than doubles to 29.5 million tonnes (Bloomberg)

Indicators – November 4, 2011 (Reuters)

METALS AND MINING:

Volatile markets force ENRC to delay Shubarkol deal (Reuters)

Hambledon Mining expects to restart operations at mineral process plant November 7(Proactive Investors)

POLITICS AND SECURITY:

Kazakh lawmakers seek to punish terror financiers (Central Asia Online)

Kazakhstani officials, law enfircement not ready for terrorist war – expert (Interfax)

SOCIETY:

Kazakhstan climbs one step up in 2011 Human Development Index (Interfax)

Cyanide pollutes Kazakh river (Central Asia Online)

SOURCE: http://silkroadintelligencer.com/2011/11/07/kazakhstan-daily-news-roundup-november-7-2011/

Uranium JV to raise output in 2012 0

Posted on October 23, 2011 by Alex

KATCO, a joint venture between French nuclear group Areva and Kazakhstan’s Kazatomprom, plans to raise its annual uranium production to 4,000 tonnes in 2012, the Kazakhstan Today news agency reported, citing a statement issued by the company.

The joint venture reaffirmed the previously announced expansion during a visit of Areva’s president Luc Oursel to Kazakhstan on Tuesday.  Oursel and senior executives of Kazatomprom visited the venture’s mine in Tortkuduk in southern Kazakhstan.

KATCO operates two mines, Tortkuduk and Muyunkum, which use the in-situ leaching process to mine uranium.  KATCO, owned 51% by Areva and 49% by Kazatomprom, expects to produce 3,500 tonnes of uranium this year, up from 3,354 tonnes in 2010.

SOURCE: http://silkroadintelligencer.com/wp-content/files/srikznewsbrief_oct19_2011.pdf

Kazakhstan Daily News Roundup – June 22, 2011 0

Posted on June 21, 2011 by KazCham

HEADLINES:

BTA Bank says has cash to meet June bond payment
(SRI) – BTA Bank, Kazakhstan’s third-largest bank by assets, said it had sufficient liquidity to meet an upcoming bond coupon payment of $166 million without affecting its day-to-day operations.

BTA seeks U.K. prison terms for Ablyazov accomplices
(SRI) – BTA Bank, Kazakhstan’s third largest lender, is seeking U.K. prison terms for two alleged accomplices of the bank’s fugitive former chairman Mukhtar Ablyazov, Bloomberg reported on Tuesday.

ENERGY:

Kazatomprom, Areva joint venture to boost uranium output in 2012
(SRI) – KATCO, a joint venture between French nuclear group Areva and Kazakhstan’s Kazatomprom, plans to raise its annual uranium production to 4,000 tonnes in 2012, the head of the venture said on Tuesday.

CPC expansion project to officially launch on July 1 (SRI)

Production resumes in Kazakhstan – Caspian Energy (Marketwire)

BUSINESS AND ECONOMY:

Kazakh MinFin working on SCO Development Bank concept – deputy minister (SRI)

Results of 2011 sowing season (AgriMarket.Info)

China to set up free trade zones with Kazakhstan, Kyrgyzstan (RIA Novosti)

Indicators – June 21, 2011 (Reuters)

METALS AND MINING:

Kazakhmys to start trading in Hong Kong on June 29 (SRI)

Polymetal completes Varvarinskoye audit (SRI)

POLITICS:

The rocky road of Kazakhstan’s Afghanistan deployment (EurasiaNet)

SOCIETY:

Polygamy a fact of life in Kazakhstan (RFE/RL)

SOURCE: http://silkroadintelligencer.com/2011/06/22/kazakhstan-daily-news-roundup-june-22-2011/

 

Kazakhstan Daily News Roundup – October 28, 2010 0

Posted on October 28, 2010 by KazCham

HEADLINES:

Kazakhstan to levy new $1.2 billion tax claims against Karachaganak venture
(SRI) – Kazakhstan is considering new tax tax claims totaling $1.2 billion against Karachaganak Petroleum Operating (KPO), the Western-led joint venture developing the Karachaganak gas condensate field in western Kazakhstan, Reuters reported on Wednesday, citing a Kazakh official.

Kazakh, Georgian banks more attractive than Russian peers
(bne) – Banks from the former Soviet republics are out performing their Russian rivals, according to a report from VTB Capital. VTB’s top pick from the region is Bank of Georgia, but Kazakhstan’s Halyk Bank and Kazkommertsbank (KKB) are also interesting and trading at a discount to their Global Emerging Markets (GEM) peers.

KazakhGold abandons reverse takeover deal
(SRI) – KazakhGold said on Tuesday it had temporarily abandoned the deal to take over its Russian parent Polyus Gold amid opposition from the Kazakh government.

ENERGY:

Kazakhstan can use pipelines bypassing the Bosporus and Dardanelles – Nazarbayev (Interfax)

Areva presents to Kazakh president a project for construction of a fuel assembly plant (Interfax)

BUSINESS AND ECONOMY:

Central bank to keep refinancing rate at 6-8% until 2015 (SRI)

Kazkommertsbank seeks re-entry into post-crisis Eurobond fold (Financial Times – Mergermarket)

Kazakhs approve 2011 budget with 2.8% deficit (Bloomberg)

France Kazakhstan trade deal (euronews)

Eurocopter signs two strategic agreements with Kazakhstan (defpro)

National Bank of Kazakhstan: Exchange rates October 28, 2010 (Kazakhstan Today)

Indicators – October 27, 2010 (Reuters)

METALS AND MINING:

Frontier Mining close to production (Investors Chronicle)

Central Asia Resources hits shallow gold including 15m at 8.1g/t in Kazakhstan (Proactive Investors)

POLITICS:

Kazakh President and NATO Secretary General discuss cooperation (Interfax)

Kazakh President and European Commission President sign several bilateral agreements (Interfax)

Kazakh politician gets egg on his face for irking nationalists (EurasiaNet)

Kazakhstan to invest $50 million into Afghanistan’s education program (Itar-Tass)

SOURCE: http://silkroadintelligencer.com/2010/10/28/kazakhstan-daily-news-roundup-october-28-2010/



↑ Top