January 25 - February 8
N29 (177), 08.02.2010

• Kazakhstan's economic readings

OFFICIAL NEWS

• Samruk-Kazyna to purchase goods and services worth 2.5 trillion tenge this year
• Nazarbayev indignant at lack of Kazakh citizens working as top managers of foreign companies operating in the republic
• Kazakh prime minister says Statistics Agency should provide more reliable information
• Customs Union may increase total GDP of member states by 15% in 2015
• Kazakhstan has to enter top 50 countries with favorable business climate by 2020 - Nazarbayev
• Kazakh president orders government to develop business development program by 2020
• Nazarbayev: the time of freebees gone, it's time of hard work
• Nazarbayev criticizes employment practices in state service
• Prime Minister calls for protection of Kazakhstan employees working for foreign companies
• Prime Minister expects proposals on taxation reform in resource sector
• National Bank of Kazakhstan introduces new exchange rate fluctuations corridor for tenge
• Kazakhstan should not have sect of untouchables- Ak Zhol
• Innovation and investment funds made a loss of 25.5 billion tenge in 2007-2008

STATISTICS

• Assets of Kazakhstan's National Fund to reach $90 billion by 2020, Nazarbayev
• Unemployment in Kazakhstan not to exceed 5% by 2020 - president
• Inflation in Kazakhstan in January was 1.4%

COMPANY NEWS

• Metal Trading to invest $45 million in plant construction
• Polyus Gold ups gold production 3.2% to 1.26 mln oz in 2009
• ArcelorMittal Temirtau increases coal production at Abai mine 56% in 2009
• Arcelor Mittal Temirtau employee hospitalized with burns, Emergency Ministry
• Kazakhmys cuts copper output 6.6% in 2009
• KazakhGold produced 30,300 oz gold in Aug-Dec 2009
• Bogatyr Komir reduce coal output 25% in 2009
• Kazakhmys' pledged shares shrunk to 4% of the total shares in issue
• Akim of Pavloadar region suggests transforming electrolysis plant into special economic zone
• Kazatomprom to invest 1.4 billion tenge into social development projects

CIS NEWS

• RUSAL says 229 investors buy shares, raises $2.24 bln with IPO
• Emerging markets to drive global steel output recovery in 2010 - Evraz
• Severstal could buy 18.7% of High River Gold from Troika Dialog - source
• ArcelorMittal Kryviy Rih looks to boost roll output 20% in 2010
• Kyrgyzstan boosts coal production 22% in 2009; oil up 10%
• Tajikistan sees gold production plummet 19% in 2009
• Russia cuts coal production 8.6% in 2009
• Highland Gold ups gold production 2.7% to 163,000 oz in 2009
• Norilsk Nickel expects $2 bln in 2009 net profits
• Chelyabinsk Zinc cuts output 20% in 2009
• MMK cuts roll output 20% to 8.7 mln tonnes in 2009

WORLD MARKET

• Precious Metals Prices Last Week LONDON (BULLION FIXINGS)
• Chinese steel mills anticipate net losses for 2009
• China's gold output hits 314 tons in 2009
• Copper prices expected to slump in 2010 - analysts
• Steel product output up 18.5 pct in 2009
• Large-sized copper smelting project to begin in Lianyungang
• Chinese steel mills consider 40 pct iron ore price hike - analysts
• Hebei Steel Group becomes China's largest steelmaker

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