Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – July 1, 2010 0

Posted on July 01, 2010 by KazCham

HEADLINES:

Rio Tinto to develop minerals reserves in Kazakhstan
(SRI) – The Rio Tinto Group, a British-Australian mining conglomerate, signed an agreement on Wednesday with Kazakh state company Tau-Ken Samruk to jointly explore and develop Kazakhstan’s mineral reserves.

Halyk in talks to buy back shares from government
(SRI) – Halyk Bank, Kazakhstan’s second-largest lender, plans to buy back shares from the government at below-market price, the bank’s chief executive said on the sidelines of an investment conference on Tuesday.

KazakhGold Group will take over parent Polyus in $9.4 billion transaction
(Bloomberg) – KazakhGold Group Ltd. will take over its parent OAO Polyus Gold in a $9.4 billion deal, creating the largest producer of the metal among the former Soviet republics and helping the group seek acquisitions.

ENERGY:

Kazakhstan plans major power plant by 2015 (Reuters)

Kazakhstan uranium continues downward pressure on cost curve (Australian Journal of Mining)

Kazakhstan to build second crude preparation unit in Atyrau (Oil and Gas Eurasia)

Caspian countries to ink protocol on safe oil production (Oil and Gas Eurasia)

BUSINESS AND ECONOMY:

Halyk in talks to buy back shares from government (SRI)

Ex-MAN Turbo chief convicted of bribery, gets two-year suspended sentence (Bloomberg)

Moody’s assigns B1 rating to Eurasian Bank bond issue; negative outlook (Moody’s)

Heat in Kazakhstan threatens future crop (AgriMarket.Info)

METALS AND MINING:

Aker Solutions wins $15-million Kazakhmys contract (SRI)

Kazakhmys sees copper prices down on China slowdown (Reuters)

Kazakhstan to boost gold, steel output by 2015 (Reuters)

Study shows Altynalmas’ Kazakhstan gold project is viable (Mining Weekly)

Kazakhstan aims to double metal output by 2015 (SteelOrbis)

POLITICS:

Kyrgyz unrest threatens all Central Asia – Nazarbayev (Reuters)

Astana and Tashkent pursue reconciliation following the Kyrgyz crisis (Eurasia Daily Monitor)

SOCIETY:

Kazakhstan’s Nazarbayev University opens in Astana (RFE/RL)

REGIONAL:

Kyrgyz humanitarian crisis enters new phase (AP)

Kyrgyzstan faces tricky political future (AP)

Kyrgyz vote wins 90 percent support, Russia wary (Reuters)

SOURCE: http://silkroadintelligencer.com/2010/07/01/kazakhstan-daily-news-roundup-july-1-2010/



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