Archive for July 21st, 2009
Kazakhstan Daily News Roundup - July 21, 2009
HEADLINES:
BTA confirms $7.9-billion loss in 2008
(SRI) - BTA Bank confirmed estimated losses and write-downs of $7.9 billion for 2008 on Monday, even as it expects additional writedowns this year.
Astana Finance updates on financial situation and restructuring
(SRI) - In a conference call with creditors last Thursday, Astana Finance provided an update on its financial situation and proposed a timetable for its restructuring process.
Citibank cuts credit lines on Kazakh interbank market
(SRI) - Citibank Kazakhstan has quit KazPrime, a key local interbank deposit indicator, as it cut credit lines for some KazPrime participants, the bank said on Monday.
ENERGY:
Zhaikmunai raises $300 million on LSE
(SRI) - Zhaikmunai, an independent Kazakhstan-focused oil company, has raised $300 million by issuing new Global Depositary Receipts (GDRs) for $4 apiece on the London Stock Exchange (LSE).
MINERAL RESOURCES:
ENRC’s affiliate reportedly interested in acquiring African miner
(SRI) - International Mineral Resources (IMR), part of the Eurasian Group, has been rumored to be interested in acquiring the Central African Mining & Exploration Co (Camec).
Prokhorov hopes to close deal to buy Kazakh gold miner in September (Kazinform)
Beryllium copper strip plant, established by UMZ and NXECS to reach its full capacity in November (Interfax)
BUSINESS AND ECONOMY:
Kazakhstan to boost wheat exports by one third (AP - Kyiv Post)
Kazakhstan hopes resume grain export via Black Sea (Interfax - Kyiv Post)
PGO identifies misuse of funds allocated for economy stabilization program (Interfax)
Indicators - July 20, 2009 (Reuters)
POLITICS:
Lord Mayor of London City to visit Kazakhstan (Kazinform)
REGIONAL:
Turkmenistan signs landmark gas exploration deal
(AFP) - Turkmenistan has signed a landmark deal granting Caspian Sea gas exploration and extraction rights to a member of the Nabucco pipeline consortium, state media reported.
Kazakhstan Business and Economy Roundup - July 21, 2009
BTA confirms $7.9-billion loss in 2008 (SRI)
Astana Finance updates on financial situation and restructuring (SRI)
Citibank cuts credit lines on Kazakh interbank market (SRI)
Kazakhstan to boost wheat exports by one third (AP - Kyiv Post)
Kazakhstan hopes resume grain export via Black Sea (Interfax - Kyiv Post)
PGO identifies misuse of funds allocated for economy stabilization program (Interfax)
Indicators - July 20, 2009 (Reuters)
Kazakhstan Politics Roundup - July 21, 2009
Lord Mayor of London City to visit Kazakhstan (Kazinform)
Kazakhstan Mineral Resources Roundup - July 21, 2009
ENRC’s affiliate reportedly interested in acquiring African miner (SRI)
Prokhorov hopes to close deal to buy Kazakh gold miner in September (Kazinform)
Beryllium copper strip plant, established by UMZ and NXECS to reach its full capacity in November (Interfax)
Turkmenistan signs landmark gas exploration deal
(AFP) - Turkmenistan has signed a landmark deal granting Caspian Sea gas exploration and extraction rights to a member of the Nabucco pipeline consortium, state media reported.
(more…)
Citibank cuts credit lines on Kazakh interbank market
(SRI) - Citibank Kazakhstan has quit KazPrime, a key local interbank deposit indicator, as it cut credit lines for some KazPrime participants, the bank said on Monday.
BTA confirms $7.9-billion loss in 2008
(SRI) - BTA Bank confirmed estimated losses and write-downs of $7.9 billion for 2008 on Monday, even as it expects additional writedowns this year.
Astana Finance updates on financial situation and restructuring
(SRI) - In a conference call with creditors last Thursday, Astana Finance provided an update on its financial situation and proposed a timetable for its restructuring process.
