NEW! Investment Companies Centre
- Login to your account
- Free Membership to Digital Look
- Site Map
- Company A-Z
- Finance A-Z
- News Archive
- Events
- Give Us Feedback
Digital Look
- News Archive
- News Maps / Most Popular
- Expert Views
- Press Centre
- Market Reports
- Company News
- Small Caps News
- New Issues
- Economic News
- International News
- Commodities News
- Currencies News
- Bonds News
- Regulatory News
- Strategy Articles
- Technical Analysis Articles
- Investment Companies News
Virgin Credit Card:
Kazakhmys close to deal on power unit
Related Companies
Related Indices
Related Sectors
News for Spread Betters
Previous
There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...
Date: Tuesday 07 Oct 2008
LONDON (ShareCast) - Kazakhmys has signed a memorandum of understanding with Samruk-Energy that will see the pair consider a strategic partnership and joint ownership of the Kazakhmys Power division.
They expect a tie-up will bring benefits of access to additional coal resources and greater integration with Kazakhstan's energy development and transmission programmes.
Samruk-Energy was set up by the Kazakhstan government to implement state policy on the modernisation of existing power stations and the construction of new power stations. It will now carry out due diligence on the assets within the division.
“Samruk-Energy, with their access to substantial coal assets, would be an excellent partner for our power division,” said Kazakhmys boss Oleg Novachuk.