Review of key events from analysts of ASYL INVEST (Kazakhstan) on March 29, 2010

/IRBIS, March 29, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and their investment ideas and projections on March 29, 2010. Analysts of ASYL INVEST distinguish the following important events in the markets: - ENRC: Development Bank of Kazakhstan is ready to finance projects. Managing Director of the Development Bank of Kazakhstan, Arman Cassin, said that the Export-Import Bank of China will provide bank credit to finance the Kazakh projects with Chinese participation. Kazakhstan electrolysis plant in Pavlodar, which belongs to ENRC, subject to the terms of financing, as Contractors are a Chinese company and in the plant will be installed Chinese equipment. Company needs approximately $ 498 million capital investment for plant construction. In this case the remainder of the work the company needs about $ 287 million cash will be offered to the company to refinance existing loans for the project received by the company earlier. The report is moderately positive for the company. Analysts of Asyl INVEST do not expect a material impact on the dynamics of news shares of the company, because company has assured the financial position and not heavily dependent on external financing. - Frontier Mining: Renewal of licenses in Kazakhstan. Last week, the company said in a press release that the Ministry of Energy and Mineral Resources of the country has extended the license for 12 months, allowing the company to complete this evaluation period and confirmation of reserves and approve a program of development of deposits. The license includes a deposit - Koskuduk, Baytimir, Naymandzhal, Besshoku. Mr. Erlan Sagadiev CEO, said: "We are especially grateful, because the extension of the license will allow us to undertake comprehensive work on the development of deposits, in particular the promising copper deposit - Baytemir. The news is moderately positive for the dynamics of the company, but a more significant impact, according to analysts of ASYL INVEST should provide an assessment of reserves, deposits, and the terms and conditions for projects in these fields. - World Gold Council: The demand for gold in China could double in the next 10 years. The organization reported that in the next 10 years is expected to increase demand for gold from China. The organization believes it will boost gold prices, because demand will significantly exceed supply. "Short-term inflation expectations and rising incomes will support the investment component of gold as a separate asset class." The organization expects that due to the rising cost of projects to develop new deposits, the growth of the cost of existing fields, depletion of ore demand from investors and jewelry will provide significant demand, which will not be satisfied in full. The given material has exclusively information character and is not the offer or the recommendation to make any transactions with the stocks. Agency "Irbis" doesn't take responsibility for the opinions which are in given material. [2010-03-29]