Spring Capital (Hong Kong) bought a potash project in western Kazakhstan. The company purchased a potash exploration and mining company Satbor LLP from Satimola Ltd. The value of the deal was not provided. The acquisition came after initial USD 10mn investment in November 2011. According to Spring Capital managing direct Chris McAuliffe, bringing the Project to the mining and production stage would cost USD 3bn. Significantly, China is interested in securing more potash supplies as the resources is used to make fertilizers. |
Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more
Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more
Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more