For more information about this company please contact:

Irina Suslova

Marketing & Events Manager
Kazakh-British Chamber of Commerce (KBCC)

Tel: +44-20-7491 7199

Mob: +44-7-999-999-613

Fax: +44-870-383-7288

Email: irina.s@kbcc.org.uk

For more information about this company please contact:

Irina Suslova

Marketing & Events Manager
Kazakh-British Chamber of Commerce (KBCC)

Tel: +44-20-7491 7199

Mob: +44-7-999-999-613

Fax: +44-870-383-7288

Email: irina.s@kbcc.org.uk

“The dynamics of high-level foreign relations between the governments has been neglected in recent years. I hope that after the upcoming parliament elections in Britain, the Kazakh-British relations will gain a new impetus,” said the Kazakh President while receiving credentials of the new Ambassador of the Kingdom of Great Britain and Northern Ireland David John Moran on Thursday.

Nazarbayev noted that Kazakhstan was interested in the development of economic and political partnership with Britain.

“Both countries need to expand their cooperation in trade and economic, investment and innovation fields,” said Nazarbayev.

He offered to consider issues of the bilateral relations development at the next meeting of the Kazakh-British Trade and Economic Council in London.

Ambassador Moran replied that the UK attached great importance to its relations with Kazakhstan. “I’m happy to note a wide spectrum of bilateral relations between our two countries in political, business, educational, cultural and military fields,” said the diplomat.

The Inaugural Central Asian Mining & Exploration Forum Minex Central Asia 2010 was held in Astana, Republic of Kazakhstan on 16-18 March. The forum addressed the issues and challenges for mining efficiency, innovation and sustainable development in Kazakhstan and Central Asia. The Government and the Mining Industry of Kazakhstan embraced the forum’s initiative and the Prime Minister of Kazakhstan Mr Karim Massimov took part in the opening session on 17 March.   

The forum is initiated by an international non-commercial Minex (Mining and Exploration) partnership and steered by the Technical and Organising Committees. Minex Technical Committee which is responsible for agenda development is represented by 20 senior mining executives, geological committee representatives and mining consultants.  The committee is chaired by SRK Consulting. The Organising Committee which is responsible for all organisational matters is steered by Advantix Ltd (Business Events and Communications Agency) and Kazakh British Chamber of Commerce.  The forum can be described as a post-crisis mining and exploration event for Central Asian Mining Industry. The forum’s main objective was to highlight current state and midterm perspectives for mining and exploration in Kazakhstan and Central Asian states recovering from the effects of the global economic crisis.  According to the feedback received from the forum participants Minex Central Asia has become a significant international business, know-how and investment platform for Kazakhstan and Central Asia.   

The three day agenda of the pre-forum master classes and the main forum featured over 60 speaker presentations of the leading mining companies, the Ministry of Industry and New Technologies of Kazakhstan, the National Welfare Fund “Samruk Kazyna”, The state geological and subsoil use Committee of Kazakhstan, international investment banks, Stock Exchanges, Mining and Financial consulting firms, etc. Despite turbulent weather conditions the forum brought together over 400 delegates from 150 companies and foreign missions from Kazakhstan, Kyrgyzstan, Uzbekistan, Mongolia, Japan, China, Russia, Ukraine, United Kingdom, USA, Canada, Australia, Germany, France, Switzerland, Belgium, India and the Netherland. Twenty five mining, engineering, technological and consulting companies exhibited at the Minex Expo organised during the two main days of the forum, facilitating know-how exchange and business networking.  The forum proceedings were widely covered by 35 national and international TV and printed media.  Full Minex report will be published digitally on-line on 12 April 2010. The report will include presentation slides and materials, video recordings of the master class and forum sessions, photos, media materials published after the forum and finalised list of participants.  For information on how to purchase digital access to Minex report on-line or on DVD, please contact: 

Mrs Irina Yukhtina, 

Tel: + 44 207 520 9341 

Fax: + 44 207 520 9342 

Email: LondonOffice@minexforum.com 

Asem  Akshulakova has joined KBCC in February 2010. Asem is a graduate under the “Bolashak” International Scholarship of the President of the Republic of Kazakhstan with a Master’s degree from the University of Oxford Brooks (Business School). Completed a “Builing a Business “Course at the University of Oxford (Science and Enterprise Center), Oxford, UK. Asem is an Official Member (№ 4126126) of the Institute of Business Consulting within the Chartered Management Institute, incorporated by Royal Charter, London, UK. She has over five years experience as a Business Development Manager and Management Consultant within the national development institutes and international companies.

Contact details:

email: asem.a@kbcc.org.uk

mob: + 7 701 767 5701

tel:      + 44 (0) 207 491 71 99

fax:     + 44 (0) 870 383 72 88

UK Trade & Investment (UKTI) can help you rise to the exciting opportunities and challenges that globalisation offers. We work with UK-based businesses to ensure their success in international markets. We also encourage the best overseas companies to look to the UK as their global partner of choice.

Aims & Objectives

UK Trade & Investment’s strategic objective for the Comprehensive Spending Review period from 2008/09 to 2010/11 is to:

Deliver measurable improvement in the business performance of UK Trade & Investment’s international trade customers, with an emphasis on innovative and R&D active firms.

Increase the contribution of foreign direct investment to knowledge intensive economic activity in the UK, including R&D.

Deliver a measurable improvement in the reputation of the UK in leading overseas markets as the international business partner of choice.

For more information about this company please contact:

Irina Suslova

Marketing & Events Manager

Kazakh-British Chamber of Commerce (KBCC)

Tel: +44-20-7491 7199

Mob: +44-7-999-999-613

Fax: +44-870-383-7288

Email : irina.s@kbcc.org.uk

Advantix – advancing business in the newly emerging markets

Founded in 2002 Advantix Ltd has become one of the UK’s fast growing and successfully developing Business Communications agencies working with emerging Eurasian Economies including Russia and CIS states.

In cooperation and in partnership with the World’s leading international organisations and firms, Advantix offers extensive business communications and business development services including:

• Organisation of business conferences, forums and summits

• Corporate training

• Media communications

• Web publishing

• Translation services

Advantix_profile_ad 

For more information about this company please contact:

Irina Suslova

Marketing & Events Manager

Kazakh-British Chamber of Commerce (KBCC)

Tel: +44-20-7491 7199

Mob: +44-7-999-999-613

Fax: +44-870-383-7288

Email: irina.s@kbcc.org.uk

Kazakh Strategy

The Pure Play on China

• A commodity cornucopia. Kazakhstan has some 3% of the world’s raw materials, and only 0.2% of its population. Its natural resource base of over $300,000 per capita is therefore among the highest in the world, twice the level of Russia, and higher than Australia.
  
• Planned doubling of production. These raw materials have only been thinly exploited over the years, and the country plans to double production over the next decade of many of its resources, but above all of oil.
  
• Increasing links to China. Kazakhstan is building major new oil, gas, rail, and road links to China, and has a pipeline in place that will be capable of sending a quarter of its oil exports to China. During the crisis, China provided the capital necessary to stabilize the country, and has been rewarded with an increasing share of its resources. During 2010, Kazakh companies may seek listings in Hong Kong and could be seen as part of the China story.
  
• Reform-minded elite. Kazakhstan is moving up the global rankings for ease of doing business, transparency and reforms, as its elite seeks to balance huge wealth with the threat of its geographical location. For example, they were able to facilitate some GDP growth in 2009.
  
• Debt is high but under control. The debt and property excesses of 2003-07 will hold back growth, and corporate debt levels are high for an emerging market. However, forex reserves are significant, most of the forex debt is for the development of raw material extraction, government debt is minimal, and a group of good banks has emerged; provided oil stays over $60/bbl, the macroeconomic framework should be stable.
  
• Cheap market. Kazakhstan trades at a 2010E EV/EBITDA of 5.6 and P/E of 10.4, implying a 25% discount to GEM. Among liquid stocks, Kazakhmys and Uranium One trade at discounts of 40-50% to global peers.
  
• Cheap currency. The tenge is down 12% in REER terms against the ruble since the crisis started, Kazakhstan is running a current account surplus, and the local currency’s implied fair value at $80/bbl oil is below KZT140/$1.
  
• Not widely held. Outside the top five names, Kazakh stocks are little held by foreign investors. Oil prices sustained near current levels, Chinese listings and a good domestic story are likely to spark wider interest.
  
• Investment opportunities in junior miners and illiquid domestics. We like the junior miners, such as Sunkar Resources and BMB Munai, which have tremendous growth potential, as well as overlooked domestic plays, such as Kazakh Telecom, Steppe Cement, Chagala and CenterCredit Bank. Among the liquid stocks, we recommend Kazakhmys above all.
  
• Risks. The greatest risk remains the oil price, and the market at present, like Russia, is highly dependent on oil. Otherwise, Kazakhstan faces single-man risk from its president, the long-term pressure of its geopolitical location, and the threat of instability from the south.

Aiganym Gali, Art Councillor

Aiganym Gali has joined KBCC team in September, 2009 during her Masters degree at London Institute of Arts Sotheby’s. She also holds another two bachelor degrees, one of them is in International Relations from the Almaty State University, and another one is from the Kazakh Head Architecturally-building Academy on a specialty the Architect.  She is a graduate student of the Kazakh State Academy of Sciences on doctoral thesis degree of the candidate of study of sciences.
Aiganym is one of the brightest young talents of the Kazakhstan modern art. She made four successful personal exhibitions of painting and a drawing, last of which has passed in the National Museum of a name of Kasteeva, that became first personal exhibition of such a young artist to be conducted in the legendary walls of museum. Bright roles in cinema, works in theatres, numerous publications of articles on art makes Aiganym versatile professional in the environment of the Kazakhstan Art.

Contact details:

email: aiganym.g@kbcc.org.uk

mob:  + 44 (0) 7 999 999 413

tel:      + 44 (0) 207 491 71 99

fax:     + 44 (0) 870 383 72 88