Kazakhstan news for July 29, 2010

In this issue:

2 Corporate news
2 Kazmunaigas EP 1H Crude Output Up 11% On Year
2 Frontier Mining's second gold pour and production progress
2 Moody's downgrades ATF Bank to Ba2 (Kazakhstan)
2 Upcoming events
3 Industry news
3 Industry Ministry pledges to toughen control over local content in extractive sector
3 Kazakhstan to supply uranium to Japan's NFI
4 Politics and Economics
4 IMF Urges Kazakhstan To Form Strategy, 'Reduce Nonperforming Loans'
4 Kazakhstan’s economy grows 8 percent in fist half of 2010
5 KASE & Market wrap
6 AFS-Research productline
7 AFS Research services
 

Industry Ministry pledges to toughen control over local content in extractive sector

The local content in the procurement of goods and services of extractive companies remains low, said the First Vice-Minister of Industry and New Technologies Albert Rau.
"The ministry conducts systematic work to increase local content and constantly monitors its share. (...) However, resource-developing companies still have low local content, about 30%.

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