Kazakhstan Chamber of Commerce in the USA

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Uranium JV to raise output in 2012 0

Posted on October 23, 2011 by Alex

KATCO, a joint venture between French nuclear group Areva and Kazakhstan’s Kazatomprom, plans to raise its annual uranium production to 4,000 tonnes in 2012, the Kazakhstan Today news agency reported, citing a statement issued by the company.

The joint venture reaffirmed the previously announced expansion during a visit of Areva’s president Luc Oursel to Kazakhstan on Tuesday.  Oursel and senior executives of Kazatomprom visited the venture’s mine in Tortkuduk in southern Kazakhstan.

KATCO operates two mines, Tortkuduk and Muyunkum, which use the in-situ leaching process to mine uranium.  KATCO, owned 51% by Areva and 49% by Kazatomprom, expects to produce 3,500 tonnes of uranium this year, up from 3,354 tonnes in 2010.

SOURCE: http://silkroadintelligencer.com/wp-content/files/srikznewsbrief_oct19_2011.pdf

Kazakhstan Daily News Roundup – June 22, 2011 0

Posted on June 21, 2011 by KazCham

HEADLINES:

BTA Bank says has cash to meet June bond payment
(SRI) – BTA Bank, Kazakhstan’s third-largest bank by assets, said it had sufficient liquidity to meet an upcoming bond coupon payment of $166 million without affecting its day-to-day operations.

BTA seeks U.K. prison terms for Ablyazov accomplices
(SRI) – BTA Bank, Kazakhstan’s third largest lender, is seeking U.K. prison terms for two alleged accomplices of the bank’s fugitive former chairman Mukhtar Ablyazov, Bloomberg reported on Tuesday.

ENERGY:

Kazatomprom, Areva joint venture to boost uranium output in 2012
(SRI) – KATCO, a joint venture between French nuclear group Areva and Kazakhstan’s Kazatomprom, plans to raise its annual uranium production to 4,000 tonnes in 2012, the head of the venture said on Tuesday.

CPC expansion project to officially launch on July 1 (SRI)

Production resumes in Kazakhstan – Caspian Energy (Marketwire)

BUSINESS AND ECONOMY:

Kazakh MinFin working on SCO Development Bank concept – deputy minister (SRI)

Results of 2011 sowing season (AgriMarket.Info)

China to set up free trade zones with Kazakhstan, Kyrgyzstan (RIA Novosti)

Indicators – June 21, 2011 (Reuters)

METALS AND MINING:

Kazakhmys to start trading in Hong Kong on June 29 (SRI)

Polymetal completes Varvarinskoye audit (SRI)

POLITICS:

The rocky road of Kazakhstan’s Afghanistan deployment (EurasiaNet)

SOCIETY:

Polygamy a fact of life in Kazakhstan (RFE/RL)

SOURCE: http://silkroadintelligencer.com/2011/06/22/kazakhstan-daily-news-roundup-june-22-2011/

 



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