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Photo courtesy of inzoloto.ru
Kazakhstan’s National Bank invests heavily into gold

Kazakhstan’s National Bank has been steadily increasing its gold reserves over the past few years.

Kazakhstan’s National Bank invests heavily into gold
©Tengrinews
Kazakhstan National Bank explains tenge depreciation and equilibrium rate

Kazakh National Bank Governor Akishev talks about mechanisms behind depreciation of the tenge and central bank’s role in shaping Kazakhstan

Kazakhstan National Bank explains tenge depreciation and equilibrium rate
Irtysh River to be used for salvation of dying Aral Sea: Kazakh Ministry of Energy
Irtysh River to be used for salvation of dying Aral Sea: Kazakh Ministry of Energy

Ministry of Energy suggests using the Irtysh River to save the Aral Sea, one of the worst environmental disasters located in Kazakhstan.

Irtysh River to be used for salvation of dying Aral Sea: Kazakh Ministry of Energy
©REUTERS
Oil price may hit $40 per barrel by end of month

Oil prices might fall again as reserves of crude continue growing, experts say.

Oil price may hit $40 per barrel by end of month
©REUTERS
Kazakhstan must find new oil and gas fields: Senator

Senator Lyazzat Kiinov said Kazakhstan had to invest into oil and gas exploration since the remaning natural reserves would soon be depleted.

Kazakhstan must find new oil and gas fields: Senator
Central Bank Governor Kairat Kelimbetov © pm.kz
Central Bank Governor on situations in Russia and Kazakhstan

According to him, “unlike Russia, we enjoy a free access to the international markets (…) the Government has issued sovereign bonds worth $2.5 billion”.

Central Bank Governor on situations in Russia and Kazakhstan
© eff-com.ru
Kazakhstan’s international reserves figure announced

Kazakhstan’s international reserves, including the gold and FX reserves of the Central Bank and the assets of the National Oil Fund grew from $95.507 to $103.754 billion from January to July 2014.

Kazakhstan’s international reserves figure announced
Akzhaik park. Photo ©UNESCO/Alexander Ivasenko
Kazakhstan's Katon-Karagai and Akzhaik added to UNESCO World Network of Biosphere Reserve

Kazakhstani natural parks Katon-Karagai and Akzhaik have been designated as Biosphere Reserves.

Kazakhstan's Katon-Karagai and Akzhaik added to UNESCO World Network of Biosphere Reserve
Photo courtesy of shnyagi.net
Kazakhstan approves new geological exploration program

Kazakhstan's geological exploration will focus on precious metals, especially gold, rare earth metals and copper.

Kazakhstan approves new geological exploration program
 Minister of Economy and Budget Planning Erbolat Dosayev. Photo a courtesy of tengrinews.kz
Kazakhstan Government increases reserve fund by $250 million after tenge devaluation

Amid adjustments of microeconomic indicators for the year 2014 the Kazakhstan Government has revised its budget.

Kazakhstan Government increases reserve fund by $250 million after tenge devaluation
Photo courtesy of gasandoil.in
BP plc decreases Kazakhstan’s natural gas proven reserves figures

We only brought the figure in line with western systems of estimates: BP's Chief Economist Christof Ruhl.

BP plc decreases Kazakhstan’s natural gas proven reserves figures
Bernanke: Fed will not raise rates in forseeable future
Bernanke: Fed will not raise rates in forseeable future

Federal Reserve Chairman Ben Bernanke reiterated Wednesday that the Fed is nowhere close to raising interest rates, assuring markets that the US easy money tap would not soon dry up.

Bernanke: Fed will not raise rates in forseeable future
Alakol lake. Photo courtesy of taukomek.kz
Alakol enters global network of biosphere reservations

Kazakhstan’s biosphere reserve Alakol lake has been entered into global network of biosphere reservations.

Alakol enters global network of biosphere reservations
Photo courtesy of munaigaz.kz
Kazakhstan may run out of uranium in 60 years

Kazakhstan has uranium reserves for 60-70 years at maximum production level and 80-90 years at current production without replenishment.

Kazakhstan may run out of uranium in 60 years
Photo courtesy of deswal.ru
Kazakhstan boosting share of gold in gold and FX reserves

According to National Bank Vice Governor Bissengali Tadzhiyakov, the share of gold in the country’s gold and FX reserves stands at 22% at the moment.

Kazakhstan boosting share of gold in gold and FX reserves
©RIA Novosti
KMG looks to increase oil and gas stock to 1 billion tons by 2022

KazMunaiGas aims to become one of the world's top 30 oil and gas companies by 2022: Samruk-Kazyna Managing Director Malik Salimgereyev.

KMG looks to increase oil and gas stock to 1 billion tons by 2022
Australia creates world's largest marine reserves
Australia creates world's largest marine reserves

Australia Friday created the world's largest network of marine reserves, protecting a huge swathe of ocean environment despite claims it will devastate the fishing industry.

Australia creates world's largest marine reserves
Asset Issekeshev. Photo by  Danial Okassov©
Kazakhstan has proven reserves of copper and polymetals for another 10-15 years

Our situation is worst with copper and polymetals: the proven reserves of non-ferrous metals will support the industry for another 10-15 years only: Issekeshev.

Kazakhstan has proven reserves of copper and polymetals for another 10-15 years
A rare earth smelting plant.
China starts stockpiling rare earths: report

China has started stockpiling rare earths for strategic reserves, a state-backed newspaper said Thursday, in a move which may raise more worries over Beijing's control of the coveted resources.

China starts stockpiling rare earths: report
Gregory Marchenko. ©Vladimir Dmitriyev
National Bank purchased 20 tons of gold since November 2011

As of March 1, 2012 the Bank’s gold and currency reserves made up $35.352 billion, with the currency reserves standing at $30.072 billion.

National Bank purchased 20 tons of gold since November 2011