Archive for December, 2009
Kazakhmys gets huge loan to supply China with copper
(AFP) - Copper miner Kazakhmys said Wednesday it had arranged a 2.7-billion-dollar (1.9-billion-euro) loan from a Kazakh fund and a Chinese bank to help meet growing demand for copper in China.
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Kazakhstan, Iran deny uranium deal
(AFP) - Kazakhstan angrily denied on Wednesday that it planned to sell purified uranium ore to Iran, calling media reports to this effect “groundless insinuations.”
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Fitch affirms seven Kazakh corporates; revises outlooks to stable
(Fitch Ratings) - Fitch Ratings has affirmed seven Kazakh corporates’ Long-term foreign currency Issuer Default Ratings (IDRs) and revised their rating Outlooks to Stable from Negative.
Kazakhstan plans tighter regulation of financial sector
(bne) - Elena Bakhmutova, chairwoman of Kazakhstan’s Financial Supervision Agency, the AFN, discusses plans to strengthen regulation of the banking sector and their expected impact on the industry.
Kazakhstan Society Roundup - December 16, 2009
Belarus, Kazakhstan are Russia’s most reliable partners – poll (Interfax)
Kazakhstan Daily News Roundup - December 16, 2009
HEADLINES:
Alliance Bank first Kazakh lender to reach restructuring deal
(SRI) - The creditors of Alliance Bank, Kazakhstan’s second-largest lender to default this year, voted to approve a plan to restructure KZT677 billion ($4.5 billion) of debt.
Eurasian Bank buys Russian lender
(SRI) - Eurasian Bank, Kazakhstan’s tenth largest bank, has bought for an undisclosed sum a banking subsidiary of Troika Dialog, Russia’s oldest brokerage.
Uranium One buys 50 percent of Karatau mine
(SRI) - Uranium One, a Canadian uranium producer, has closed its acquisition of 50 percent of the Karatau Uranium Mine in Kazakhstan for $420 million from Russian state-owned uranium miner Atomredmetzoloto (ARMZ).
ENERGY:
China, Kazakhstan set to sign nuclear agreement (China Daily)
EDB to give $385 mln credit for building Ekibastuz GRES-2 power unit (Interfax)
BUSINESS AND ECONOMY:
Trade surplus falls 65 percent in Jan-Sep (SRI)
Kazakh central bank says unlikely to cut rates (Bloomberg)
Kazakhstan not to lease China farmland but will create joint agricultural projects (Kazakhstan Today)
Volume of total agricultural production in January through November up 10.6 percent (Kazakhstan Today)
Coal mining decreased by 10 percent in January through November (Kazakhstan Today)
National Bank of Kazakhstan: Exchange rates December 16, 2009 (Kazakhstan Today)
SOCIETY:
Belarus, Kazakhstan are Russia’s most reliable partners – poll (Interfax)
REGIONAL:
U.S. shipping more to Afghanistan via Central Asia (Reuters)
Russia cuts gas to Armenia after bomb found - report (Reuters)
Kazakhstan Business and Economy Roundup - December 16, 2009
Alliance Bank first Kazakh lender to reach restructuring deal (SRI)
Eurasian Bank buys Russian lender (SRI)
Trade surplus falls 65 percent in Jan-Sep (SRI)
Kazakh central bank says unlikely to cut rates (Bloomberg)
Kazakhstan not to lease China farmland but will create joint agricultural projects (Kazakhstan Today)
Volume of total agricultural production in January through November up 10.6 percent (Kazakhstan Today)
Coal mining decreased by 10 percent in January through November (Kazakhstan Today)
National Bank of Kazakhstan: Exchange rates December 16, 2009 (Kazakhstan Today)
Kazakhstan Energy Roundup - December 16, 2009
Uranium One buys 50 percent of Karatau mine (SRI)
China, Kazakhstan set to sign nuclear agreement (China Daily)
EDB to give $385 mln credit for building Ekibastuz GRES-2 power unit (Interfax)
Kazakhstan Regional News Roundup - December 16, 2009
U.S. shipping more to Afghanistan via Central Asia (Reuters)
Russia cuts gas to Armenia after bomb found - report (Reuters)
U.S. shipping more to Afghanistan via Central Asia
(Reuters) - The United States has greatly expanded the use of a new supply route through Central Asia this year to send nonmilitary cargo to its troops in Afghanistan, a Defense Department official said on Tuesday.
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