Kazakhstan Chamber of Commerce in the USA

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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 – May 12, 2011 0

Posted on May 12, 2011 by KazCham

ENERGY:

Oil: Kazakhs fear China at the gate
(Financial Times) – The opposition in Kazakhstan is known for political apathy, but one thing that really winds it up is China’s growing influence in the oil-rich central Asian country, which it sees as a threat to national security.

KazMunaiGas EP withdraws from Iraqi gas project
(Reuters) – Kazakh oil and gas company KazMunaiGas Exploration Production has withdrawn from talks to develop the Akkas natural gas field in Iraq, the company said on Wednesday, citing unresolved issues.

On the move: Deputy Oil and Gas Minister; Deputy Chairman of Samruk-Kazyna
(SRI) – Former Deputy Akim (Governor) of the Western Kazakhstan region Berik Tolumbayev has been appointed Deputy Oil and Gas Minister, Kazakh Prime Minister Karim Masimov said on Wednesday.

KazMunaiGas Q1 net profit rises to $810 million (Reuters)

Roxi reverses Kazakh farm-out (Upstream Online)

Majilis approves bill on state regulation of fuel prices (Interfax)

BUSINESS AND ECONOMY:

New credit cycle begins in Kazakhstan
(bne) – The economic recovery in Kazakhstan, driven by strong commodities prices, helped pull the country’s troubled banking sector out of the crisis. And lending, which starting to resume in late 2010, is expected to pick up as Kazakhstan enters a new credit cycle.

Kazakh billionaire buys $600-million Moscow Ritz ahead of Glencore windfall
(Telegraph) – Verny Capital, the Kazakh private equity firm whose lead investor is billionaire Bulat Utemuratov, has bought Moscow’s Ritz-Carlton Hotel, ahead of a $3.2-billion payout from the Glencore IPO.

Kazakh central bank says lending conditions to ease this quarter
(Bloomberg) – Kazakhstan’s central bank expects lending conditions to ease in the second quarter as competition for “quality borrowers” reduces the cost of money.

Indicators – May 11, 2011 (Reuters)

METALS AND MINING:

Glencore’s Kazakh partner may invest $3.2-billion gains in gold IPO
(Telegraph) – Glencore’s Kazakh partner may reinvest part of its $3.2bn (?2bn) IPO gains in the London flotation of Glencore’s Kazakh gold business.

Orsu Metals announces updated mineral resources for its Karchiga project (Marketwire)

POLITICS:

Former Kazakh Health Minister’s trial set (RFE/RL)

SOURCE: http://silkroadintelligencer.com/2011/05/12/kazakhstan-daily-news-roundup-may-12-2011/

Kazakhstan Daily News Roundup – December 8, 2010 0

Posted on December 08, 2010 by KazCham

HEADLINES:

Central bank to support managed float for tenge in 2011
(SRI) – The National Bank of Kazakhstan would support the return of the tenge currency to a managed float next year and the removal of its current trading corridor, the central bank’s chairman, Grigoriy Marchenko, said on Tuesday.

First Quantum sues ENRC over Congolese mining project
(SRI) – Canada-based First Quantum Minerals Ltd. on Friday launched a $2-billion lawsuit against Kazakhstan’s Eurasian Natural Resources (ENRC), related to a disputed purchase of a copper and cobalt project in the Congo, wire services reported.

Kashagan to begin commercial production in 2012 – Mynbayev (SRI)

BUSINESS AND ECONOMY:

Kazakhstan’s foreign reserves decrease 0.6% in November (SRI)

ATF Bank reports $175-million loss in Jan-Sep (SRI)

Kazakh government approves documents on Common Economic Space (Itar-Tass)

Kazakh president approves state budget for 2011-2013 (Interfax)

National Bank of Kazakhstan: Exchange rates December 8, 2010 (Kazakhstan Today)

Indicators – December 7, 2010 (Reuters)

METALS AND MINING:

Renaissance Capital sues ENRC subsidiary Camec over $14 million deal advice fee (Bloomberg)

Orsu Metals reports progress on Karchiga project feasibility study (Marketwire)

SOCIETY:

Kazakhstan’s president for life asks for more life (CBS News)

SOURCE: http://silkroadintelligencer.com/2010/12/08/kazakhstan-daily-news-roundup-december-8-2010/

Kazakhstan Daily News Roundup – August 13, 2010 0

Posted on August 13, 2010 by KazCham

HEADLINES:

Kashagan partners to delay second phase of development until 2018-19
(SRI) – The second phase of development of the Kashagan oil field has been postponed until 2018-2019, local newswires reported on Thursday, citing the chief executive of Kazakh oil and gas company KazMunaiGas.

Tame ending to “Mr Kazakhstan” investigation
(bne) – James Giffen, the American consultant dubbed “Mr Kazakhstan” for his role in 1990s oil deals, has pleaded guilty to a tax misdemeanor. He is facing a maximum penalty of just one year in jail and a $25,000 fine when he is sentenced in November.

Tengizchevroil may cut oil supply via Georgia
(Reuters) – The Chevron-led Tengizchevroil venture may cut crude deliveries via Georgia diverting them to Turkish hub of Ceyhan due to a row between the owners of the Georgian terminals.

ENERGY:

Aker enters Kazakh engineering JV (PennEnergy)

KazMunaiGas to invest $8 billion in Kashagan development project in 2010-2014 (Interfax)

Tengizchevroil to invest $10-16 billion before 2017 in Tengiz expansion project (Interfax)

Caspian Energy announces Q2 2010 financial results (Marketwire)

BUSINESS AND ECONOMY:

Kazakh rate cut would need lower inflation – central bank (Reuters)

Kazakh deal on grain genetics (Weekly Times)

National Bank of Kazakhstan: Exchange rates August 13, 2010 (Kazakhstan Today)

METAL AND MINING:

Orsu Metals announces Q2 2010 interim results (Marketwire)

Financial Police have yet to file fraud charges against Polyus Gold managers (Interfax)

POLITICS:

Kazakhstan gets UK’s OK for defense exports (EurasiaNet)

SOCIETY:

Two dead in Kazakh prison riot (BBC News)

REGIONAL:

Central Asia’s new Silk Roads (International Herald Tribune)

Several hundred Kyrgyz rally against OSCE deployment (Reuters)

Russian drought devours world wheat supplies – U.S. (AFP)

SOURCE: http://silkroadintelligencer.com/2010/08/13/kazakhstan-daily-news-roundup-august-13-2010/



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