Kazakhstan Chamber of Commerce in the USA

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Kazakhstan may take back some nuclear assets from JVs 0

Posted on March 29, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Kazakhstan may take back some assets from the joint ventures it has set up in the nuclear sector, according to Kazakh President Nursultan Nazarbayev. Nazarbayev explained that some joint venture partners of the state nuclear firm Kazatomprom “are not meeting their obligations”.

“In this regard it is necessary to either ensure that they meet their obligations or look into reclaiming those assets in the interests of our state,” Nazarbayev is quoted as saying.

Kazatomprom has joint ventures with France’s Areva, Canada’s Cameco, Japan’s Sumitomo Corp and Kansai Electric Power, several Russian firms including Rosatom, and a few Chinese companies.

Kazakhstan, Canada expect to sign Nuclear Power Agreement before end of 2013. 0

Posted on September 02, 2013 by KazCham

Kazakhstan and Canada are working to finalise a key agreement on the peaceful use of nuclear power before the end of 2013, which would give a major boost to bilateral cooperation in an area where the two countries already hold leading positions globally, Kazakhstan’s Ambassador to Canada Konstantin Zhigalov said. In an interview with the Kursiv newspaper, the Kazakh ambassador in Ottawa explained that the agreement between the two countries has been under consideration by authorities in both countries for a long time. In particular, it provides the opportunity to fully implement an agreement signed last year between Kazatomprom and Cameco Corporation, according to which the Canadian company is serious about expanding uranium mining in Kazakhstan and the production facility for processed uranium products will be built in east Kazakhstan,” Zhigalov said.

Business Intelligence from Colibri Law Firm: Issue #69

Kazakhstan Daily News Roundup – September 2, 2011 0

Posted on September 03, 2011 by Alex

ENERGY:

Kazatomprom, Cameco joint venture to increase uranium production
(SRI) – Kazakhstan’s state-owned uranium miner and Canada’s top uranium producer Cameco Corp signed an agreement to increase uranium production at the Inkai LLP joint venture by a third to 5.2 million pounds from 3.9 million pounds, the Canadian company said in a statement.

Strikes hit production at Karazhanbasmunai (SRI)

Foster Wheeler gets Atyrau Refinery upgrade contract (SRI)

KazTransGas, Kolon Corporation to build 100 natural gas filling stations in Kazakhstan (SRI)

BUSINESS AND ECONOMY:

ATF Bank losses narrow in first half (SRI)

Inflation slows to 0.3% in August (SRI)

KASE Index rises by 3.08% on Thursday (SRI)

Development Bank of Kazakhstan lends $150 million to Kazakh grain exporter (SRI)

Home Credit Bank net income increases more than twofold in H1 (SRI)

Kazakhstan harvested grains throughout 13% of the areas (AgriMarket.Info)

Indicators – September 1, 2011 (Reuters)

METALS AND MINING:

Hambledon Mining reveals more significant drill results from Sekisovskoye (Proactive Investors)

Orsu Metals completes feasibility study drilling program (Marketwire)

POLITICS AND SECURITY:

Kazakhstan to toughen fight against corruption and reconsider humanitarian criminal code(Trend)

SOCIETY:

Kazakh head wants tougher laws to counter extremism
(Reuters) – The spread of religious extremism threatens stability in mainly Muslim Kazakhstan, President Nursultan Nazarbayev said on Thursday, urging parliament to adopt tougher laws on migration and religious activity.

Religious organizations to be re-registered in Kazakhstan (Interfax)

REGIONAL:

South Korea deepens role in Central Asia (Asia Times)

SOURCE: http://silkroadintelligencer.com/2011/09/02/kazakhstan-daily-news-roundup-september-2-2011/



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