LSE
Mining groups battle to come out on top
Kazakhstan is one of the best-endowed countries in the world for natural resources. As well as abundant reserves of oil and gas, the country is a major producer of uranium, copper, chromium, lead, zinc, manganese, coal, iron ore and gold, and is said to host 95 per cent of the periodic table of elements.
Arawak Energy to list in London on July 1
Arawak Energy Ltd., a Toronto-listed oil company with operations in Kazakhstan, Russia and Azerbaijan, said it was planning to float on the Main Market of the London Stock Exchange on July 1. According to a press release, the company hopes to broaden its investor base and improve its financing options with the listing.
Arawak Energy appointed JP Morgan Cazenove in April to advise it on the listing. The company expects to maintain the listing of its shares on the Toronto Stock Exchange.
According to the press release, in the first quarter of 2008, Arawak Energy produced on average 11,774 barrels of oil per day from Russia and Kazakhstan, with an additional 174 barrels of oil equivalent per day of gas from Azerbaijan.
ENRC’s lays out plans for life after Kazakhmys
Just three months after listing on the London Stock Exchange and buoyed by declining global metal production, which has caused demand and consequently prices for its products to soar, Kazakhstan’s largest listed company ENRC shot into the FTSE 100 index.
Kazakh IPOs in London: Past and Future
Currently, ten Kazakh companies are listed on the Main Board of the London Stock Exchange (LSE), all of which have conducted their IPOs in the last three years. The post-IPO performance of their shares on the exchange may an indicator of the trends and prospects of the Kazakh economy.
