news roundup

Kazakhstan Daily News Roundup - November 16, 2009

By SRI ⋅ November 16, 2009 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

HEADLINES:

Kazakhstan will not allow foreign investors to take control of key banks - Nazarbayev
(SRI) - Kazakhstan will not allow foreign investors to take control over key Kazakh banks, President Nursultan Nazarbayev said in a televised question and answer session on Friday.

Astana Finance signs term sheet with international creditors
(SRI) - Astana Finance has reportedly signed a term sheet with international creditors, outlining the planned restructuring of its debt.

World Bank lends $48 million to power grid operator KEGOC
(SRI) - The World Bank will provide a $48-million loan to Kazakhstan’s national electricity grid operator KEGOC for the Moinak Electricity Transmission Project, the bank said in a statement.

ENERGY:

KazTransOil oil transports up 7.5 percent in Jan-Oct (SRI)

Russian electricity trader buys Kazakh Kazenergoresurs (SRI)

Russia torpedoes Kazakhstan’s uranium sector, Kazatomprom ex-head (Interfax)

Kazakhstan to allow transit of Russian electricity through its territory to Siberia, may export 500 MW to Russia – KEGOC (Interfax)

CNPC to build second phase of Central Asia China gas pipeline (Steel Guru)

MINERAL RESOURCES:

Production rises at ENRC
(Financial Times) - Eurasian Natural Resources Corporation (ENRC), the largest mining company in Kazakhstan, has returned to pre-crisis production levels for ferrochrome and iron ore as demand from China rises.

Kazakhmys cut to ‘Reduce’ from ‘Buy’ at Nomura (Bloomberg)

ENRC doesn’t expect material increase in ferrochrome price (Dow Jones)

BUSINESS AND ECONOMY:

BTA Bank’s former chairman loses legal challenge against asset freeze (Financial Times)

Tenge has biggest weekly jump in two years as controls loosened (Bloomberg)

Kazakhstan to export 3 million tonnes of grains to China (AgriMarket.Info)

EBRD to extend $10 million loan to Almatyelectrotrans (Cbonds.info)

National Bank of Kazakhstan: Exchange rates November 14-16, 2009 (Kazinform)

POLITICS:

Astana hires DC lobbyists to work on softening aid requirements (EurasiaNet)

Nazarbayev says may pardon wanted ex-officials who show remorse (Bloomberg)

Majilis backs amendments to draft law “On Kazakhstan’s Content” (Interfax)

SOCIETY:

Female employees of Passenger Transportation JSC denounce company’s despicable HR policy (Interfax)

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