Kazakhstan Chamber of Commerce in the USA


Kazakhstan Daily News Roundup – May 10, 2011 0

Posted on May 10, 2011 by KazCham


Glencore to increase stake in Kazzinc; Kazakh presidential advisor to reap profits
(SRI) – Glencore, the Swiss commodity trader which is poised to complete a record $11-billion IPO this month, is set to increase its stake in Kazakh miner Kazzinc and make a close presidential advisor a billionaire in the process.

Kazakh leaders talk up upcoming “people’s IPO”
(SRI) – The “people’s IPO” privatization program will be implemented transparently and will provide equal access to all Kazakh participants, head of the state holding and investment company Samruk-Kazyna, Timur Kulibayev, said on Friday.

On the move: government, KazMunaiGas, KaR-Tel
(SRI) – Kazakh President Nursultan Nazarbayev made several senior level appointments last week, the presidential press office reported.


Tethys exploratory wells under test (Oil and Gas Journal)


Kaspi Bank Q1 profit rises to $10 million (SRI)

Temirbank reports $6.1-million first-quarter income (SRI)

Kazakhstan’s foreign reserves grow 5.9% in April (SRI)

Monthly inflation 0.5% in April (SRI)

EPC approves 7% economic growth plan (Interfax)

Indicators – May 6, 2011 (Reuters)


ENRC shareholders want board to face election, FT says (Bloomberg)

Frontier Mining acquires new deposit to expand Benkala copper mine (Proactive Investors)


Kazakhs appoint new customs chief after China smuggling probe (Bloomberg)


Central Asian nations feel the pinch of dwindling fuel supplies as Russia tightens supplies (AP – Washington Post)

China, Kyrgyzstan, Tajikistan hold anti-terror drill


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