Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – May 17, 2011 0

Posted on May 17, 2011 by KazCham

HEADLINES:

Kazakh BTA bank bonds in sharp selloff
(Reuters) – Bonds in Kazakhstan’s BTA bank extended recent sharp losses on Monday, with the 2025 issue trading at a record low 56 cents on the dollar, following recent results which some said had disappointed investors.

Kazakhmys to list shares in Hong Kong in June
(SRI) – Kazakh copper miner Kazakhmys has gained regulatory approval for a secondary listing in Hong Kong, as it tries to build up its relationship with China, its largest customer.

ENERGY:

Kazakhstan increases oil, gas, coal production in Jan-Apr 2011 (SRI)

Max Petroleum finds oil in ZMA-ET2 well at Zhana Makat field (Proactive Investors)

BUSINESS AND ECONOMY:

Kazakh Q1 trade surplus grows to $11.6 billion (Reuters)

$40 oil price appears in Kazakh economy negative scenario (Interfax)

Indicators – May 16, 2011 (Reuters)

METALS AND MINING:

Polyus Gold to close reverse takeover of KazakhGold in July
(RIA Novosti) – Russia’s top gold miner Polyus Gold will close a long delayed reverse takeover by Kazakhstan’s KazakhGold in July, Mikhail Prokhorov, owner of Onexim group, one of Polyus Gold’s beneficiaries, said on Monday.

Kazakh Jan-Apr copper, zinc output down (Reuters)

Frontier Mining: pit study underlines quality of Benkala project (Proactive Investors)

REGIONAL:

U.S. appoints first Turkmenistan envoy in 5 years (Reuters)

Jubilant Azerbaijan seeks new image with Eurovision (AFP)

 



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