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  • 09 May 2017 9:54 AM | Julia Tikhomirova (Administrator)

    By Christophe-Alfred Rouleau-Dick

    A new Canada Tariff Finder tool will allow Canadian companies to quickly find information about tariffs that may be added to the goods they export to foreign markets under the various free trade agreements (FTAs) Canada has made with other countries.

    The new online tool enables Canadians to quickly access information about tariffs. There is no fee to use the service which is available at www.tariffinder.ca. With just a few clicks, users can search for a product by keyword or by its Harmonized System code and quickly access the tariff data that applies to their products. The tool’s different functions make it simple to compare tariff information across various export markets, and to identify and forecast business opportunities related to the elimination or reduction of tariffs.

    Canada has concluded several trade agreements that open promising new opportunities for Canadian products, in part by eliminating or reducing tariffs, which may provide a competitive advantage for a Canadian company exporting to that market. However, because tariffs vary in each market and for each product—even under free trade agreements—precise information is crucial for businesses exploring possibilities in a particular market. Accessing specific tariff information has proved challenging for some companies—especially small and medium-sized enterprises (SMEs) with limited resources.

    Aware of the need to make this information more accessible to Canadian companies, the Canadian Trade Commissioner Service (TCS) joined forces with the Business Development Bank of Canada (BDC) and Export Development Canada (EDC) to develop the Canada Tariff Finder.

    “Trade agreements unlock new opportunities, and lower the overall costs of doing business. The Canada Tariff Finder will make it easier for Canadian businesses to access tariff information for their products when exploring export opportunities. This useful tool is part of a coordinated effort by the Canadian Trade Commissioner Service, BDC, and EDC to ensure Canadian businesses are ready to take advantage of Canada’s free trade agreements,” says Ailish Campbell, Chief Trade Commissioner at Global Affairs Canada.

    Markets covered by the tool include the 28 countries of the European Union (EU) under the Comprehensive Economic and Trade Agreement (CETA), Mexico and the United States under the North American Free Trade Agreement (NAFTA), South Korea, Peru, and two of the four members of the European Free Trade Association (EFTA): Switzerland and Iceland. New countries will be added over time to create a more comprehensive list of Canada’s free trade partners. The Canada Tariff Finder already contains the tariff information that will apply upon provisional application of CETA.

    It is important to note that the tariff information contained in the tool is for information purposes only. The customs authorities from the importing countries make the final decision on what tariffs apply to imported goods. Users must verify these tariffs with the customs authorities of the country to which they intend to export.

    Source: Government of Canada, Trade Commissioner Service

    http://tradecommissioner.gc.ca/canadexport/0001488.aspx?lang=eng


  • 01 May 2017 11:01 AM | Julia Tikhomirova (Administrator)

    Astana Times, 28 April 2017

    Kazakh Prime Minister Bakytzhan Sagintayev and other top officials presented April 27 the outlines of the draft National Investment Attraction and Retention Strategy and the recently created Kazakh Invest national company as part of efforts to further attract foreign capital.

    “Today, we are ready to present our vision of the solution to the task set by the President. Kazakh Invest has been formed on the basis of the old KAZNEX Invest with its complete restructuring. I was appointed the chairperson of the Board of Directors of the company. We deliberately raised its status to the level of a prime minister in order to stress the importance of our priorities in investment policy,”  Sagintayev  said  during  an  April  27  briefing  for  the  diplomatic  corps  at  the  Ministry  of Foreign Affairs on the strategy and company, noting both are still under development.

    Sagintayev  told  the  gathering,  which  included  ambassadors  and  top  diplomats  from  around  60 countries as well as international organisations, the strategy and company are an attempt to reload Kazakhstan’s  approach  to  attracting  foreign  investment  to  maintain  the  lead  in  this  sphere  and increase  non-oil  investment.  He  said  the  new  strategy  and  company  would  also  assist  investors operating in the regions.

    Head of  the  Vienna Office of  the Investment  Climate Practice  Group  of  the World  Bank  Group’s Trade  and  Competitiveness  Global  Practice  Ivan  Nimac  presented  the  draft  of  the  National Investment Attraction and Retention Strategy.

    The strategy is a roadmap to diversify the share of investments with high added value focused on increasing efficiency, he said. “The  types  of  investments  must  be  changed  to  facilitate  the  process  of  economic  diversification. They should be focused not only on raw materials or natural resources, they should move towards other  types  of  investments:  qualitative  and  quantitative.  We  are  looking  for  more  effective investments to ensure economic growth and modernisation,” Nimac said. Nimac  said  the  strategy’s  goals  would  be  achieved  by  attracting  new  types  of  investments, increasing the benefits of existing foreign direct investments, conducting strategic privatisation and using more widely public-private partnerships (PPPs).

    Kazakh Minister for Investments and Development Zhenis Kassymbek said the new strategy will be developed by the end of June and focus on defining priority investment industries and developing an Investment  Project  Map,  identifying  target  companies  and  international  investment  funds  and improving the investment environment, investment attracting mechanisms and financial instruments.

    The strategy was developed with the help of World Bank experts and incorporates recommendations from the Organisation for Economic Cooperation and Development, said Sagintayev. Chairperson of the Board of Kazakh Invest Maksat Kabashev and Kassymbek briefed the diplomats on the company’s goals, tasks and interaction with state bodies and investors. “Kazakh Invest is not only a new name; it is the emergence of a whole new paradigm. Our focus is on investors. We find new investors, but we don’t forget about the existing ones. We know what they want and we want them to work in Kazakhstan. The main principle of Kazakh Invest is to help, without hindering,” Kabashev said. “This means moving to a more efficient, rational and business- oriented form of attracting investment to the country.”

    Kazakh Invest will operate on a “one-stop shop” and will accompany investors through the entirety of  their  projects,  from  pitching  them  opportunities,  to  preparing  investment  proposals  to  the implementation and functioning of the business, Kassymbek said. The company has offices abroad and in all Kazakh regions. The board of directors headed by the prime minister also includes heads of ministries and top-level foreign consultants. “To date, nineteen sectors have been created in the regions to provide services to investors. In the regions,  representatives  of  Kazakh  Invest  will  be  given  the  status  of  external  advisors  to  akims (governors and mayors) of the regions and cities of Astana and Almaty,” Kassymbek added. Kassymbek said a monitoring system will also be introduced allowing investors to monitor online the progress of the services they receive.

    Kassymbek  also  updated  the  diplomatic  corps  on  measures  that  have  already  been   carried  out, including  simplification  of  licensing  procedures  reducing  required  permits,  encouraging  public-private  partnerships,  establishing  free  economic  zones,  adopting  a  new  law  on  arbitration  and appointing an investment ombudsman.

    These measures have resulted in foreign investment in 2016 of $20.6 billion, which is a 40 percent increase over 2015. Kazakhstan currently ranks 35th on the World Bank’s (WB) Doing Business Index.

    Kassymbek  also  praised  the  activities  of  organisations  such  as  the  Council  of  Foreign  Investors under the President, the Council for Improving the Investment Climate under the Government, the Kazakhstan  Foreign  Investors  Council  Association,  the  European  Business Association  of Kazakhstan and the Investment Ombudsman Institute. 

  • 21 Apr 2017 3:30 PM | Julia Tikhomirova (Administrator)

    Dear members, please find below the links to the articles from the Financial Times that may be of interest to you:

    Russian oil groups brave cold of western sanctions to explore Arctic

    Russian agriculture sector flourishes amid sanctions

  • 17 Apr 2017 1:39 PM | Julia Tikhomirova (Administrator)

    From "Diplomat & International Canada"  by Paul Robinson |  April 11, 2017 

    Read the full article here: http://diplomatonline.com/mag/2017/04/repairing-canada-russia-relations/

    Dealing with the Trump administration will no doubt be the top priority of Chrystia Freeland, Canada’s newly minted foreign minister, but it was the question of her attitude towards the Russian Federation that generated the most headlines when she took the job in January.
    Those hoping that Canadian-Russian relations might improve under the current government reacted very negatively. Her nomination was a “catastrophe,” professor Michael Carley of the Université de Montréal told Sputnik News. Similarly, Piotr Diutkiewicz, Carleton University’s distinguished professor of Russian studies, told the CBC that dialogue with Russia under Freeland’s leadership was hard to imagine. “I believe it will be a period of frozen relations on both sides … Ms. Freeland is heavily anti-Russian biased,” he said.
    During Stephen Harper’s final term in office, the Canadian government pursued a policy of cold-shouldering Russia. On the rare occasions when Canadian officials found themselves in the same room as their Russian counterparts, they used the opportunity to deliver lectures. Not surprisingly, constructive dialogue about matters of mutual interest proved to be impossible.
    The Liberals’ victory in 2015 brought hope that things would change. To some extent, this did indeed happen, as foreign minister Stéphane Dion carried through with a promise to engage with Russia. Mark Gwozdecky, Global Affairs Canada’s assistant deputy minister for international security and political affairs, visited Moscow in November last year and met Russian deputy foreign minister Sergei Ryabkov. Junior diplomats and military officers have been spotted at functions at the Russian embassy in Ottawa; and Global Affairs and the Russian embassy co-sponsored a conference at Carleton University on the subject of Canada-Russia; Dialogue and Co-operation in the Arctic.

    In an interview for this article, Kirill Kalinin, spokesman for the Russian Embassy, said that prior to the 2015 general election, Russian diplomats “did not have contact with our colleagues in the Department of Foreign Affairs.” Now, however, “professional contacts have resumed” and “people have started to discuss issues.” This constitutes a “big improvement,” Kalinin said.

    However, the choice of Freeland as foreign minister has sparked fears that the brief détente might come to an end. Freeland is a long-standing critic of Russian President Vladimir Putin, and has often called for even stronger measures to be taken by western states against Russia. Before the 2015 election, for instance, she criticized the Harper government for being too soft and demanded that Russia be excluded from the SWIFT international banking system.
    Despite this, it appears for now that Freeland is unlikely to halt the Canadian government’s policy of incremental, “controlled engagement.” In a statement for this article, Michael O’Shaughnessy, a spokesman for Global Affairs Canada, said, “Canada believes in the importance of engagement, dialogue and diplomacy; including with countries where we have profound disagreements.” According to O’Shaughnessy, Canada will continue to condemn Russia for its actions in Ukraine and will work with allies to maintain sanctions and economic pressure on Russia. But it will also “continue to engage with Russia for the purpose of advancing Canadian interests and expressing Canadian values on issues such as the Arctic and international security.”...

    Read more: http://diplomatonline.com/mag/2017/04/repairing-canada-russia-relations/

  • 17 Apr 2017 1:36 PM | Julia Tikhomirova (Administrator)

    On April 4 the Embassy and Carleton's EURUS organized a round table seminar dedicated to the 25th Anniversary of the establishment of the Diplomatic Relations between Kazakhstan and Canada. Kazakhstan's Ambassador to Canada, H.E. Konstantin Zhigalov, Former Ambassador of Canada to Kazakhstan,  Senior  Fellow  at  CIGI,  Ms.  Margaret  Skok,  and  Director  for  Eastern  Europe  and Eurasia  at Global  Affairs  Canada  discuss  the  development  of  a  quarter  century  Kazakh-Canada relations. The event was moderated by Professor Piotr Dutkiewicz.

    Ambassadors  and  Heads  of  diplomatic  missions  of  Armenia,  Belarus,  Cuba,  Mongolia,  Russia, students  of  the  University  and  general  public  attended  the  round  table.  Ambassador  Zhigalov highlighted Kazakhstan's  achievements  in  socio-economic  and  political  spheres,  including  the recently declared Third Modernization program that will help Kazakhstan rich its ambitious goal to enter the list of 30 competitive economies of the world. He stressed the importance of the Kazakh-Canada Business Council in promoting economic ties. Today 104 companies of the two countries work under the umbrella of KCBC. Ambassador  Zhigalov  stressed  the  active  political  dialogue  and  interparliamentary  cooperation between Kazakhstan and Canada, citing the recent visit of Canadian Parliamentary delegation led by the Chairman of the Standing Committee on Foreign Affairs and International Development of the House of Commons, The Honourable Robert Nault to Astana, the capital of the Country of the Great Steppe.

    Ms. Skok shared her memories of putting the first bricks of Kazakh-Canada relations in the early 90s of the last century on a fundament that was laid even before the break-up of the USSR. Mr. Kevin Rex noted Kazakhstan's economic development and political stability. He emphasized the significance of Kazakh-Canada cooperation in the peaceful use of nuclear energy.

    Source: Embassy of Kazakhstan to Canada Weekly News Review, April 1-15, 2017, Issue No. 215 

  • 03 Apr 2017 9:53 AM | Julia Tikhomirova (Administrator)

    Astana Times, 30 March 2017 

    Astana International Financial Centre (AIFC) has partnered with Vantage Financial Centres (VFC), an  exclusive  association  of  international  financial  centres.  The  partnership  will  grant  AIFC  the privileges of the association and is to boost its profile internationally. The  association  includes  such  well-known  international  financial  centres  as  Tokyo,  Toronto, Shanghai, Beijing and Abu Dhabi. Members of the VFC receive consulting support and assessments of their activities from other members of the association. Also, all the centres can take an active part in international high level events which are used for the exchange of experience and expert opinions on increasing the competitiveness of financial centres.

    Joining the association is a timely step towards the establishment and development of the Kazakh centre, the press service of the AIFC reports. Members  of  the  VFC  have  created  Global  Financial  Centres  Index  (GFCI)  since  2007,  which  is based on more than 29,000 evaluations of financial centres from the online questionnaire. The index also  takes  into  account  more  than  100  indicators  of  organisations,  such  as  the  World  Bank,  the Organisation for Economic Cooperation and Development (OECD) and reflects the competitiveness of financial centres.

    The ranking examines five key areas: business environment, infrastructure factors, financial sector development, reputation and general factors, and human capital. The  AIFC  aims  to  create  favourable  conditions  for  investment  and  finance  and  to  develop  the securities market, ensuring its integration with international capital markets. The AIFC also intends to  develop  insurance, banking and  Islamic finance markets  in  Kazakhstan. The centre provides a special  legal  regime  based  on  the  principles  of  English  law,  independent  financial  regulation  in accordance with international standards, tax preferences for a period of 50 years, simplified visa and labour conditions and English as an official language in the territory of the AIFC.

    The AIFC seeks to become a financial hub for the Central Asian region, member states of the EAEU, the Caucasus, Western China, the Middle East, Mongolia and Europe. It is planned that the centre will  be  located  within  EXPO  2017  and  supported  by  modern  infrastructure  and  cutting-edge technologies.

  • 27 Mar 2017 11:42 AM | Julia Tikhomirova (Administrator)

    Moscow, 23 March 2017 – Kinross Gold Corporation (the Chukotka Mining and Geological Company and Northern Gold) is pleased to announce that the World Wildlife Fund (WWF) Russia and the National Rating Agency (NRA) have ranked the Company in second place in their environmental responsibility rating of mining companies in Russia.

    Kinross Gold was also ranked first in the “Information Disclosure / Transparency” category and was the top gold mining company in the overall rankings.

    This is the first rating of mining companies compiled by WWF Russia and the NRA, with support from the United Nations Development Program, the Global Environmental Fund, and the Russian Natural Resources and Environment Ministry. It is symbolic that the rating was issued in 2017, which has been declared the Year of the Environment in Russia.

    The rating evaluated three aspects of mining companies’ operations in Russia: the quality of the Company’s environmental management standards and policies, the extent of impact on the environment, and the level of disclosure of information about environmental impact.

    “We are honoured that WWF Russia and the National Rating Agency have recognized our commitment to building an effective environmental management system,” said Claude Schimper, Regional Vice- President, Russia, Kinross Gold Corporation. “We welcome the initiative of creating this rating in Russia as a tool for improving the transparency of mining companies’ environmental activities and boosting their environmental responsibility. Our company’s successes would not be possible without the continued efforts and dedication of our employees in Russia who operate in an environmentally responsible manner. We expect the rating to evolve further with the growth of the mining sector in the region.”

    Kinross Gold Corporation is a recognized international leader in corporate social responsibility. The company is a participant of the United Nations Global Compact and has on numerous occasions been listed by Maclean’s and Corporate Knights in Canada’s top 50 most socially responsible companies.

    About Kinross Gold

    Kinross Gold Corporation is a Canadian-based gold mining company with mines and projects in Russia, the United States, Brazil, Chile, Ghana and Mauritania. Kinross has been active in Russia since 1995. It is the largest foreign investor in the country’s gold mining industry, as well as the largest Canadian investor in the Russian economy. Kinross shares are traded on the Toronto (ticker: K) and New York (ticker: KGC) stock exchanges.

    Media contact:

    Stanislav Borodyuk

    Vice President, Head of the Moscow Office

    Kinross Gold Corporation

    Tel.: +7 495 660 97 07

    Stanislav.Borodyuk@kinross.com


  • 27 Mar 2017 9:19 AM | Julia Tikhomirova (Administrator)

    Astana Times, 23 March 2017

    Approximately 22,000 tonnes of uranium, representing an 8-percent decrease, will be extracted this year compared to a 25-percent increase in gold production, according to the research and knowledge management department of Samruk Kazyna Sovereign Wealth Fund, reported abctv.kz. “In  2016,  nearly  24,000  tonnes  of  uranium  were  produced  in  Kazakhstan,  1.7  percent  more compared to a year earlier. In 2017, uranium production will decline 8 percent, or 2,000 tonnes, due to weak market conditions associated with an overabundance of uranium,” said department experts.

    Production is expected to grow as market conditions improve. Under the plans to reduce production, uranium prices rose to more than $24 per pound from $17.75 at the end of November 2016 from the lowest level since February 2015.

    Kazakhstan exports all the uranium produced mainly on long-term contracts, as the country does not own its own nuclear power plants. China remains the main importer of Kazakh uranium with a share of more than 50 percent. 

    The  Central  Asian  nation,  which  mines  39  percent  of  the  world’s  uranium,  is  the  largest  global producer, followed by Canada and Australia, with shares in 2015 of 22 and 9 percent, respectively. The  same  year,  production  of  nitrous  oxide-uranium  reached  71,000  tonnes,  containing  60,496 tonnes of uranium. Uranium also comes from secondary sources, including uranium stocks in power plants.

    Currently, 439 nuclear power plants globally consume uranium with an installed net power of 380 gigawatts. The U.S. is one of the largest consumers with a 28-percent share of total consumption. China  and  South  Korea  use  about  12  and  8  percent,  respectively.  Starting  in  2015,  world consumption  is  expected  to  grow  4.8  percent  annually  to  97,900  tonnes  in  2020.  At  present,  58 nuclear reactors are being built and 512 additional reactors are in the planning phase. Twenty-three Japanese nuclear reactors are in the process of restarting; in 2016, the U.S. launched its first new nuclear reactor in the last 20 years and four more are in the production stage. New nuclear reactors will mainly be built in developing countries, such as China and India, where the demand for electricity is growing rapidly. As expected, the launch of new nuclear reactors will compensate for the reduction in uranium consumption by deactivated nuclear reactors. The action will help to correct the imbalance in supply and demand and in the long term, a steady increase in the number of nuclear power plants will positively influence the uranium market. Spot uranium prices fell to $17.75 per pound at the end of November 2016, the lowest level since February 2005, and by the end of 2016 prices recovered to $20 per pound. The uranium market is supposed  to  remain  volatile  due  to  unsustainable  policies  and  the  economy.  The  market  will preserve an excess of uranium until 2020, resulting in spot prices below $30 per pound. At such low prices, however, few companies will develop new deposits. In this regard, long-term prices for uranium will be maintained by a growing demand coupled with a possible shortage of uranium supplies. In addition, main U.S. and European nuclear power plants are expected to renew long-term contracts for uranium supply in 2017-2018.

  • 14 Mar 2017 5:38 PM | Julia Tikhomirova (Administrator)

    Delegation from Kazakhstan participated in PDAC-2017

    A delegation from Kazakhstan headed by Mr. Timur Toktabayev, Vice-Minister of Investments and Development visited Toronto and Ottawa on March 6-10, 2017. Among the delegates were Director of  the  Subsoil  Use  Department  Mr.  Ruslan  Baimishev,  deputy  CEO  of  KazGeology  National Company Mr. Eldar Tagash and others. In  Toronto,  the  delegation  participated  in  the  annual  Prospectors  &  Developers  Association  of Canada (PDAC) International Convention, Trade Show & Investors Exchange, which includes over 900 exhibitors and 22,000 attendees from 125 countries.

    As in previous year, a national booth of Kazakhstan was organized in order to provide the visitors and guests with the latest information on the country’s mining sector and its potential, reforms in the area of subsoil use and mining industry.  On the  margins  of  the  Convention,  the  delegates  held  a  series  of  meetings,  including  with  Mr.  Al MacDonald,  Mayor  of  North  Bay  and  Mr.  George  Burton,  president  of  Invest  North  Bay Development Corporation, representatives of Quebec’s Ministry of Energy and Natural Resources, Ontario’s  Ministry  of  Northern  Development  and  Mines,  Laurentian  University,  and  many companies,  including  Cameco  Corporation,  RioTinto,  Kinross  Gold  Corp., GeoTech,  Phoenix Geophysics and others. The delegation also participated in the Eurasia Mining Conference organized by the Canada Eurasia Russia  Business  Association  (CERBA),  which  takes  the  role  of  a  secretariat  of  a  Kazakhstan  – Canada  Business  Council  (KCBC).  One  of  the  main  topics  of  the  KCBC  Mining  and  Natural Resources Working Group was discussion of the current preparations to the Kazakhstan – Canada Business Council’s 2nd meeting that will be organized in Astana in June on the margins of EXPO-2017.

    In Ottawa, Kazakhstan’s delegates met with Ms. Stefania Trombetti, Director General, Policy and Economics  Branch,  Lands  and  Minerals  Sector,  Natural  Resources  Canada  and  held  the  detailed exchange of information with Canadian colleagues regarding Canada’s regulatory environment for mining, tax incentives for exploration, and research & development and other issues.  

    In  general,  the  visit  of  Kazakhstan’s  delegation  to  Canada  allowed  to  establish  new  business connections  and  expand  the  existing partnerships,  as  well  as  to  introduce  the  Canadian  and international business community with the main aspects of Kazakhstan’s new Subsoil Code, which is currently being developed in accordance with the Third Modernization Program aimed at ensuring the global competitiveness of the country.

    Government to launch additional 410 agricultural cooperatives to assist small farms

    Astana Times, 13 March 2017 

    Four-hundred-and-ten  agricultural  cooperatives  will  be  established  in  2017  to  support  small  and medium-sized farms. The cooperatives will help farms buy equipment, store and transport products, provide veterinary services, organize the supply of fodder and agrochemical products and help with lending. Vice Minister of Agriculture of Kazakhstan Kairat Aituganov said the program was launched last year  and  157  cooperatives  are  already  cooperating  with  15,000  farms.  The  cooperatives  created more than 100 milk collecting centres and 7,000 forage bases. In general, the indicative plans are executed in all regions, according to Kazinform.

    Aituganov reported that as of March 9, all tasks have been achieved in all regions of the country. The  Ministry  of  Agriculture  developed  approaches  to  involve  small  and  medium-sized  farms  in agricultural  cooperation  under the State Program for the Development of the  Agricultural  and Industrial Complex for 2017-2021, an initiative of Kazakh President Nursultan Nazarbayev. 

    The  vice  minister  reported  that  financing  of  the  cooperatives  by  the  fund  of  financial  support became the top priority of the fund. He emphasized that the initial payment is made at the expense of investment subsidies. The fund implemented new directions of subsidizing farmers: milk production cheapening, fattening of  bulls  and  lambs,  cheapening  of  the  cost  of  equipment  and  machinery  up  to  50  percent  and subsidies to cooperatives for reimbursement of VAT. Tripartite  plans  have  been  concluded  between  the  ministries  of  agriculture,  labour  and  social protection  of  the  population  and  city  and  regional administrations.  A  single  call  centre  for consultations on cooperation and a website have been created. A group of experts has been trained on the basis  of Atameken scientific and production enterprise to  implement  the new program. Special information materials, including booklets and videos for training in the regions are used as well. 

    According to the vice minister, training seminars were organised in all 165 districts and cities of the state from Feb. 1 to 22 this year. As of March 9, 75 farms have purchased equipment using the state program. The  ministry  plans  to  allocate  50  billion  tenge  ($157.9  million)  this  year  to  support  small  and medium-sized farms.

    Industry experts optimistic about introduction of autonomous vehicles in Kazakhstan 

    Astana Times, 13 March 2017 

    Iveco representative in Kazakhstan Lorenzo Bernardeli said he was optimistic about the future of autonomous vehicles in Kazakhstan during an international forum in Astana, according to the press services of Agromashholding and SaryarkaAvtoProm. Its partner in Kazakhstan will most likely be the AllurGroup assembly plant in Kostanai. “During the forum, the representative of Iveco, Lorenzo Bernardeli, presented futuristic concepts of the  cars  with  innovative  solutions.  Iveco  is  part  of  the  CNH  Industrial  Corporation  and  is demonstrating  an  active  introduction  of  cutting-edge  technologies  in  the  commercial  technology sector. The speaker noted that the producer adheres to the policy of switching to the unmanned cars and expressed hope that Kazakh colleagues will be able to follow suit,” the press release read. Bernardeli also said the range of Iveco cars manufactured in Kostanai was adapted for Kazakhstan to meet the needs of customers in this market, including climatic conditions and road conditions of the southern and central regions of the country.

     “We are seeing a rapid development of production in Kazakhstan and the desire of our innovative partner  AllurGroup to  test  and implement  innovations  and technologies; we think that models of futuristic cars will be available to the Kazakhstan market in the future,” he said. Kostanai’s  plant  was  the  first  plant  to  switch  to  the  full-cycle  production  of  cars  and  became a springboard for the formation in the country of adjacent production of auto components and spare parts,  such  as  batteries,  tires,  glasses,  electrical  engineering,  among  other  technological  products while the plant is also developing commercial transport. The production site is working on the localisation of processes and today, in addition to assembling, is carrying out welding and painting of parts in some models of commercial vehicles. Commercial vehicles meet all European standards and regulations of the Euro 5 type of fuel, and they also have a number of improved technical qualities. The share of localisation of technology is some 33 percent and in specialised assemblies is up to 50 percent. With the use of new technologies, it was possible to reduce the operational cost of equipment by 4 percent. To ensure the maximum productivity Iveco has done considerable work to create the best braking system for all types of car parts. These innovative solutions are also applied in models that are being assembled in Kostanai today.

  • 20 Feb 2017 10:02 PM | Julia Tikhomirova (Administrator)

    Cnbc.com, 13.02.2017 

    A resurgence in interest for nuclear energy and a sharp reduction in supply is putting a glow on the uranium market, with prices surging 30 percent this-year-to-date. Benchmark  uranium  futures  on  the  New  York  Mercantile  Exchange  are  trading  around  $27  per pound, with prices  getting a boost after top supplier Khazakhstan shocked the market on Jan. 10 when  state-owned  Kazatomprom  announced  a  10  percent  production  cut.  All  of  Kazakhstan's uranium output is produced by the company. Kazakhstan  supplies  40  percent  of  the  world's  uranium  supply,  so  any  output  cuts  will  have  an outsized impact on the market, said Warren Gilman, CEO of CEF Holdings, a Hong Kong-based investment company. Almost all of the world's mined uranium is used for nuclear power generation.

    In the company's announcement last month, Kazatomprom chairman Askar Zhumagaliyev said the company will cut  10 percent  of its output this  year, an amount equivalent  to  3 percent  of global production. The decision stems from an oversupply that contributed to a sustained crash in prices that saw prices slump to a 12-year low last December. Kazatomprom's  troubles  came  after  years  of  expanding  supplies  from  2011—the  year  of  Japan's Fukushima Daiichi Nuclear Power Plant disaster, when a powerful earthquake and tsunami caused a meltdown and radiation leaks. The accident prompted plant shutdowns in Japan and re-examination of nuclear safety and policies in many other countries, slashing uranium demand. There's been a recent uptick in interest however, notably from emerging markets like China, India and Southeast Asia. "You have a very good long-term indicator of what demand is going to be; what is the volatility in the recipe is the supply," said CEF's Gilman. "You've got a very focused supply of uranium in a country which has significant sovereign risks surrounding it," added Leigh Curyer, the CEO of NexGen Energy, a uranium exploration company. "(Nuclear power) is undergoing quite a resurgence. A lot of countries are recognizing that nuclear power is the baseload supply of electricity that is emissions-free," he added.

    This is particularly in China where air pollution from coal-powered plants have become a social and political issue. There  are  some  61  nuclear  plants  being  built  globally  with  another  150  being  planned,  so  the demand  outlook  for  uranium  is  much  stronger  than  that  for  other  fossil  fuels,  said  Mark  Jolley, equity strategist at CCB International Securities. Macquarie Bank was more circumspect on the current rally, noting that the jump was from a low base as prices tanked to a 12-year low of $18 per pound low in November, with the run-up lagging gains in the energy complex. "Uranium pricing is currently trading 50 percent of where it was 40 years ago in nominal terms – never mind adjusting for inflation. There is no other commodity for which this is true. Essentially, this  has  put  uranium  in  the  situation  where  many  peer  commodities  were  at  this  time  last  year, trading too far into the cost curve for pricing to be sustainable," analysts wrote in a report on Jan. 20.

    Even  so,  the  Australian  bank  was  upbeat  on  the  outlook  on  confidence  in  the  U.S.,  the  world's largest uranium consumer. "With the closure of a large number of nuclear power plants announced earlier in 2016 on economic grounds, legislative actions in New York and Illinois keeping some of these open will provide both more optimism and spot market demand into 2017," Macquarie analysts wrote.

     http://www.cnbc.com/2017/02/13/uranium-prices-glow-with-decision-by-main-producer-kazakhstan-to-trim-output.html