Kazakhstan Chamber of Commerce in the USA

KazCham



DBK finances export of Kazakhstan titanium to European markets 0

Posted on August 25, 2015 by KazCham

Colibri Law Firm

The Development Bank of Kazakhstan (DBK) has provided a loan for up to 5 years to Ust-Kamenogorsk Titanium Magnesium Plant (UKTMP) for the procurement of crude materials and processing for the production and sale of titanium sponges, alloys and ingots used in the aerospace industry.

All of UKTMP’s products are exported to industrially developed countries. In fact, Kazakhstan titanium accounts for around 11% of the world titanium market, as well as for over 17% within the aerospace industry.

Toyota Fortuner plant starts production in Kazakhstan 0

Posted on June 29, 2014 by KazCham

Tengri News

Toyota has started producing Fortuna offroaders at its Saryarka AvtoProm plant in Kostanay in northern Kazakhstan. President Nursultan Nazabayev and the President of Toyota Motors Takeshi Uchiyamada started the Fortuner production line in Kostanay via a teleconference from the 27th Foreign Investors Council meeting at the Borovoe resort area.

Albert Rau, the senior managing director of the Toyota Motors Corporation, spoke about exporting the cars to the nearby Customs Union and the Eurasian Economic Union markets that are 11 times the size of Kazakhstan’s limited domestic market for cars.

The Kostanay plant is Toyota’s first production site in Central Asia and is expected to build 250 cars a month. Toyota will use the Complete Knock-Down (CKD) method to manufacture the cars—which means that all the components and technology used in production will be locally sourced. This is likely to provide a fillip to the local economy, create jobs for over 2,500 Kazakhs, and generate up to 3.17 million in taxes for the State.

Baiterek holding (the national holding company funding industrialization projects), has helped Toyota to lease the high-tech production equipments, while the Development Bank of Kazakhstan provided $58.4 million for the plant.

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/

Kazakhstan Daily News Roundup – August 26, 2011 0

Posted on August 27, 2011 by Alex

ENERGY:

LG Chem to build $4-billion petrochemical plant in Kazakhstan
(SRI) – LG Chem, South Korea’s largest chemical company, signed a $4-billion deal on Thursday to develop a long-planned petrochemical complex in Kazakhstan, the company said in a statement.

Kazakhstan, Korea agree on guarantees for the Balkhash power plant project
(SRI) – Kazakhstan and South Korea signed an “intergovernmental agreement” on Thursday guaranteeing Korean companies a 70% stake in a $4.5-billion project to develop and finance the construction of a coal-fired power plant in the city of Balkhash.

Kazakhmys sells oil unit for $100 million (SRI)

KazMunaiGas, Korean oil consortium sign agreement on drilling rig (SRI)

BUSINESS AND ECONOMY:

Development Bank of Kazakhstan loses $61 million in first half (SRI)

Indicators – August 25, 2011 (Reuters)

METALS AND MINING:

Kazakhmys to buy back $250 million of shares listed in London
(SRI) – Kazakhstan’s Kazakhmys, a London-listed copper miner, said on Thursday its first-half profit before tax declined to $550 million from $631 million in the previous year and announced a share buyback worth up to $250 million.

Kazakhmys approves Bozshakol development project
(SRI) – Kazakhstan’s largest miner Kazakhmys has approved a $1.8-billion development of the Bozshakol deposit, a major copper growth project equivalent to a third of Kazakhmys’ current output, the miner said as it presented its first-half earnings.

Glencore to consider options for gold assets in 2012 (SRI)

Kazzinc accumulates copper concentrate stockpile worth $127 million (SRI)

Kazakhmys welcomes central bank’s decision to buy Kazakh gold (SRI)

REGIONAL:

PetroChina in Dushanzi refinery overhaul – sources (Reuters)

Russian spaceship crashes back to Earth (AFP)

SOURCE: http://silkroadintelligencer.com/2011/08/26/

 

Kazakhstan Daily News Roundup – June 21, 2011 0

Posted on June 20, 2011 by KazCham

ENERGY:

Reports of Shell’s office closure mistaken – executive
(SRI) – Kenzhebek Ibrashev, head of KazMunaiTeniz, a state-owned oil company responsible for offshore projects, denied reports that Royal Dutch Shell plans to shut its Kazakhstan office.

CPC June export program at 2.63 million tonnes (SRI)

BUSINESS AND ECONOMY:

Kazkommertsbank to acquire Russian subsidiary of Barclays – newspaper
(SRI) – Kazkommertsbank, Kazakhstan’s largest bank by assets, is close to acquiring the Russian unit of UK-based Barclays, the Kommersant business daily reported on Monday.

VTB Kazakhstan issues shares; increases capital
(SRI) – VTB Kazakhstan, the subsidiary of Russia’s state-owned VTB Bank, has placed 1.1 million shares worth KZT11 billion ($75.5 million), more than doubling its capital to KZT20 billion ($137.5 million).

Kazakh wealth fund’s BTA bond plunges on coupon worry (Reuters)

Fitch affirms ratings of Development Bank of Kazakhstan and KazAgroFinance (Fitch)

Indicators – June 20, 2011 (Reuters)

METALS AND MINING:

Polyus, KazakhGold combined company close to London listing
(SRI) – Polyus Gold, Russia’s largest gold miner, has finalized the terms of the proposed reverse takeover of its subsidiary KazakhGold to gain a listing in London, concluding months of tough negotiations leading up to the deal.

SOURCE: http://silkroadintelligencer.com/2011/06/21/kazakhstan-daily-news-roundup-june-21-2011/

 

Kazakhstan Daily News Roundup – February 28, 2011 0

Posted on February 28, 2011 by KazCham

HEADLINES:

Development Bank of Kazakhstan to demand $70-million debt repayment from Kazakhstan Kagazy

(SRI) – Development Bank of Kazakhstan (DBK) aims to recover debts of $70 million from two subsidiaries of Kazakhstan Kagazy, the business news portal profinance.kz reported on Friday citing a statement by DBK.

KazMunaiGas denies Pavlodar refinery closure
(SRI) – KazMunaiGas (KMG), Kazakhstan’s national oil and gas company, last week denied reports that it planned to close its Pavlodar refinery in northern Kazakhstan after 2014, when an agreement for it to import Russian crude duty-free is set to expire.

No Twitter revolt for Central Asia’s closed regimes
(AFP) – High fees, spying, and outright blockage — Central Asia’s regimes are not short of ways to control Internet blogs and social networks which have mobilized the recent protests in the Middle East.

ENERGY:

MangistauMunaiGas produces 5.72 million tonnes of crude in 2010 (SRI)

DBK secures $1.38 billion loan from China’s Eximbank to build petrochemical facility (SRI)

Proven oil reserves of KazMunaiGas Exploration Production grew 14% in five years (Interfax)

Iraq oil ministry delays KazMunaiGas gas deal (Reuters)

BUSINESS AND ECONOMY:

Kazakh fund secures $2-billion Chinese loan for ENRC (Reuters)

BTA completes listing of securities issued in debt restructuring (SRI)

Astana taps China for help building “cosmic” rail project (EurasiaNet)

Kazakh tenge hits two-year high as oil gains, bank loosens grip (Bloomberg)

Indicators – February 25, 2011 (Reuters)

POLITICS:

Kazakh Senate adopts amendments to national budget for 2011-2013 (TREND)

SOURCE: http://silkroadintelligencer.com/2011/02/28/kazakhstan-daily-news-roundup-february-28-2011/

Kazakhstan Daily News Roundup – January 26, 2011 0

Posted on January 26, 2011 by KazCham

HEADLINES:

Karachaganak fined $27 million for environmental violations
(SRI) – Kazakhstan hit the Karachaganak Petroleum Operating (KPO), the Western-led consortium developing the Karachaganak gas condensate field, with fines totaling KZT4 billion ($27 million) for environmental violations last year, the Environmental Protection Ministry said in a statement.

Kazakhmys to list on Hong Kong Stock Exchange
(SRI) – Kazakhmys, Kazakhstan’s largest copper miner, plans to raise $500-600 million via an Initial Public Offering (IPO) on the Hong Kong Stock Exchange, the Dow Jones newswire reported citing unnamed sources familiar with the situation.

Kazakhstan mulling restrictions on foreign listing
(SRI) – Kazakhstan’s financial regulator plans to oblige local companies seeking a listing abroad to float some of their stock on the domestic market or face sanctions if they do not comply with the requirement.

ENERGY:

KazMunaiGas likely to redirect oil products to Turkish market (TREND)

CNG-fuelled buses for Kazakhstan (BioEnergy News)

BUSINESS AND ECONOMY:

Development Bank of Kazakhstan sells notes (Reuters)

Russia, Ukraine and Kazakhstan to come back to grain pool creation idea (AgriMarket.Info)

National Bank of Kazakhstan: Exchange rates January 26, 2011 (Kazakhstan Today)

Indicators – January 25, 2011 (Reuters)

REGIONAL:

Iran offers energy projects to Turkey (AFP)

School hijab ban divides Muslim Azerbaijan (AFP)

Magnitude quake 6.1 hits Tajikistan – USGS (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/01/26/kazakhstan-daily-news-roundup-january-26-2011/

Kazakhstan Daily News Roundup – December 9, 2010 0

Posted on December 09, 2010 by KazCham

HEADLINES:

Polyus Gold reaches agreement with former KazakhGold owners, sells back assets
(SRI) – Polyus Gold, Russia’s largest gold producer, said on Wednesday it had sold the main production assets of its KazakhGold subsidiary back to the original owners of the unit, the Assaubayev family, for $509 million in cash.

Russia, Kazakhstan eye missile warning system work – sources
(Reuters) – Russia and Kazakhstan are looking to cooperate on a ballistic missile early warning system and Moscow is planning to sell Astana its S-300 defense missile system, Russian agency Itar-Tass reported Wednesday.

Sberbank to expand loan portfolio by 40% in 2011 – CEO
(SRI) – The Kazakh subsidiary of Russia’s largest bank, Sberbank, aims to expand its loan portfolio by 40% next year as Kazakhstan’s economy heads for recovery, Oleg Smirnov, the bank’s CEO, told Reuters on Wednesday.

ENERGY:

Kazakhstan and Kyrgyzstan reach landmark electricity deal (SRI)

Oil export duty brought Kazakhstan KZT86 billion in August-November – Ministry of Finance (Interfax)

Kazakh companies to enjoy Russia’s and Belarus’s domestic tariffs on railway and oil pipeline transportation in 2013 (Interfax)

BUSINESS AND ECONOMY:

Halyk Finance to accept applications for Development Bank of Kazakhstan Eurobond issue (SRI)

Air Astana boosts long haul services to Asia (eTravel Blackboard)

National Bank of Kazakhstan: Exchange rates December 9, 2010 (Kazakhstan Today)

Indicators – December 8, 2010 (Reuters)

SOURCE: http://silkroadintelligencer.com/2010/12/09/kazakhstan-daily-news-roundup-december-9-2010/

Kazakhstan Daily News Roundup – August 3, 2010 0

Posted on August 03, 2010 by KazCham

HEADLINES:

Kazakhmys says it has sufficient processing capacity for future production
(SRI) – Kazakhmys, Kazakhstan’s largest copper miner, has sufficient capacity to process all of its copper concentrate when the planned Bozshakol mine starts production in 2014, the company’s head of investor relations John Smelt said last Thursday.

Kazakhstan expects solid grain harvest despite draught
(SRI) – Kazakhstans grain harvest is expected to reach 13.5 million tons of net weight this year, the Ministry of Agriculture said on Monday.

Key political risks to watch in Kazakhstan
(Reuters) – An intensifying succession struggle among Kazakhstan’s political elite and the government’s increasingly tough stance on foreign companies have fuelled investor concerns in Central Asia’s biggest oil producer.

ENERGY:

This week in hilariously complicated oil feuds (The Oil and the Glory)

Development Bank of Kazakhstan lends KZT1 billion to Atyrau refinery (SRI)

Japanese-Kazakh nuclear energy cooperation: a partnership for the future (Eurasia Daily Monitor)

Alhambra announces proposed equity financing (Marketwire)

Construction of infrastructure facilities for Atyrau petrochemical technology park to start in 2012 (Interfax)

BUSINESS AND ECONOMY:

The pace of deterioration in quality of loan portfolio slows down – central bank survey (Interfax)

National Bank of Kazakhstan: Exchange rates August 3, 2010 (Kazinform)

POLITICS:

Kazakhstan building a legacy in its chairmanship of the OSCE (Eurasia Daily Monitor)

Veteran Ukraine diplomat appointed ambassador to Kazakhstan (RFE/RL)

SOURCE: http://silkroadintelligencer.com/2010/08/03/kazakhstan-daily-news-roundup-august-3-2010/



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