Archive for June 16th, 2009
Kazakhstan Daily News Roundup - June 16, 2009
HEADLINES:
Kazakhstan has no plans to seek IMF’s help
(SRI) - Kazakhstan has no plans to seek help from the International Monetary Fund (IMF), Kazakh Prime Minister Karim Masimov said on Monday in Astana where the IMF head Dominique Strauss-Kahn arrived as part of his four-day tour in Central Asia.
Orsu to sell Varvarinskoye gold mine
(SRI) - Orsu Metals Corp, a copper and gold mining company with operations in Central Asia, agreed to sell its Varvarinskoye gold-copper project in Kazakhstan to Russian precious metals miner Polymetal for about $235 million.
Uranium One acquires interest in Kazakhstan mine
(Stockhouse) - Following closing of the acquisition, ARMZ will hold an indirect 16.6% interest in Uranium One.
MINERAL RESOURCES:
Orsu to sell Varvarinskoye gold mine (SRI)
Polyus to buy 50.1 percent of KazakhGold for $269 million
(Reuters) - Top Russian gold miner Polyus Gold said on Friday it agreed to buy 50.1 percent of KazakhGold Group in a cash and share deal for about $269 million.
BUSINESS AND ECONOMY:
S&P lowers credit rating for KKB and Halyk (SRI)
Fitch affirms Tsesnabank’s ratings (SRI)
EBRD and Temir Zholy sign MoU (SRI)
Korean Stock Exchange representatives study potential cooperation with KASE (SRI)
World Bank lends Kazakhstan over $2 billion for motor road upgrading (Interfax)
Ertis CEC and Sayakhat Air Company to form aviation cluster in East Kazakhstan (Interfax)
National Bank of Kazakhstan: Exchange rates June 16, 2009 (Kazinform)
POLITICS:
Brazilian President to pay working visit to Kazakhstan (Kazinform)
REGIONAL:
Why the World Should Be Watching Central Asia (TIME)
Russia, China, Central Asian nations hold summit (AP)
Turkmens launch $1.5 billion resort (AP)
Kazakhstan Politics Roundup - June 16, 2009
Brazilian President to pay working visit to Kazakhstan (Kazinform)
Kazakhstan Mineral Resources Roundup - June 16, 2009
Orsu to sell Varvarinskoye gold mine (SRI)
Polyus to buy 50.1 percent of KazakhGold for $269 million (Reuters)
Kazakhstan Business and Economy Roundup - June 16, 2009
S&P lowers credit rating for KKB and Halyk (SRI)
Kazakhstan has no plans to seek IMF’s help (SRI)
Fitch affirms Tsesnabank’s ratings (SRI)
EBRD and Temir Zholy sign MoU (SRI)
Korean Stock Exchange representatives study potential cooperation with KASE (SRI)
World Bank lends Kazakhstan over $2 billion for motor road upgrading (Interfax)
Ertis CEC and Sayakhat Air Company to form aviation cluster in East Kazakhstan (Interfax)
National Bank of Kazakhstan: Exchange rates June 16, 2009 (Kazinform)
Fitch affirms Tsesnabank’s ratings
(Fitch Ratings) - Fitch Ratings has affirmed Kazakhstan-based Tsesnabank’s (TSB) ratings, including its Long-term Issuer Default Rating (IDR) of ‘CCC’ with a Negative Outlook.
EBRD and Temir Zholy sign MoU
(SRI) - The European Bank for Reconstruction and Development (EBRD) and Kazakhstan Temir Zholy (KTZh), Kazakhstan’s national railway operator, signed a memorandum of understanding (MoU) to cooperate in efforts to rebuild Kazakhstan’s ailing railway sector.
Korean Stock Exchange representatives study potential cooperation with KASE
(SRI) - Representatives of the Korean Stock Exchange (KRX) visited the Kazakhstan Stock Exchange (KASE) last week to study the possibility to develop closer cooperation between the two exchanges.
Kazakhstan Regional News Roundup - June 16, 2009
Why the World Should Be Watching Central Asia (TIME)
Russia, China, Central Asian nations hold summit (AP)
Turkmens launch $1.5 billion resort (AP)
Turkmens launch $1.5 billion resort
(AP) - The president of this normally reclusive nation staged lavish ceremonies for foreign guests and media Monday to launch a new $1.5 billion resort on the desert shore of the Caspian Sea in a city named after his eccentric and autocratic predecessor.
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US ready to leave Kyrgyzstan airbase - military
(AFP) - The United States is on schedule to cease operations at a disputed airbase in Kyrgyzstan, a US military commander said on Monday, despite pleas to Bishkek to reconsider its eviction notice.
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