Archive for June 1st, 2009
Alliance unveils restructuring terms
(SRI) - Alliance Bank, which had defaulted on its debt in April, unveiled the terms to restructure its foreign obligations in a conference call on Friday. The plan offers the bank’s creditors three options to recoup some or all of their investment depending on the time frame.
KMG EP names new CEO
(SRI) - KazMunaiGas Exploration Production (KMG EP), the LSE-listed subsidiary of Kazakhstan’s national oil company KazMunaiGas, said Kenzhebek Ibrashev, formerly a vice president of the state oil concern, will take over as the company’s new CEO.
ANALYSIS: Kazatomprom corruption probe engulfs head, Canada’s Uranium One
(bne) - The president of Kazatomprom and several top managers face criminal charges, and Canadian miner Uranium One saw its share price plunge nearly 40% on May 27 when Kazakhstan’s state nuclear firm became embroiled in a financial scandal.
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