Table of Contents
Executive Summary — 5 SWOT
analysis — 7 Kazakhstan Political
SWOT — 7 Kazakhstan Economic SWOT — 8
Special Focus: Outlook for Global Mining — 9 Table:
Biggest Chinese Acquisitions In Australia Since 2005 — 10
Table: Global Mining – Top Five Companies By Market Capitalisation
(US$mn) — 13 Table: Global Mining – Key
Players’ Future Investment Plans (selected
projects) — 13 Industry Trends and
Developments — 15 Overview — 15 Table:
Mines In Kazakhstan — 16 Latest
Developments — 17 Regulatory Structure and
Developments — 20 Revisions to tax rates to impact on
miners — 21 Key Projects — 23
Metals — 23 Gold — 23
Chrome — 24 Copper — 25
Uranium — 26 Bauxite and Alumina — 28
Minerals — 29 Coal — 29 Business
Environment — 31 Regional Overview – Europe and
Central Asia — 31 Table: Europe Business Environment
Ranking — 31 Kazakhstan – Business Environment
Ranking — 32 Limits of Potential
Returns — 32 Risks to Realisation of
Returns — 33 Political
Environment — 34 Industry Forecast
Scenario — 36 Metals Price
Outlook — 36 Table: Stock Levels At London Metals Exchange
Warehouses (tonnes) — 39 Global Industry
Overview — 40 Mining Industry
Forecast — 43 Table: Kazakhstan Mining Industry
Forecast — 44 Competitive
Landscape — 45 Table: Kazakhstan Mining – Key
Players — 46 Company Monitor — 47
Kazakhmys — 47 Eurasian Natural Resources Corporation
(ENRC) — 48 KazakhGold Group — 50
ShalkiyaZinc — 51 Appendices — 52
Appendix A: Global Assumptions — 52
Global — 52 Table: Global Assumptions,
2007-2013 — 53 Economic Activity — 53
Table: Global And Regional Real GDP Growth, 2006-2012 (% change
y-o-y) — 54 Table: Developed States’ Real GDP
Growth, 2008-2010 — 55 Table: Emerging Markets’ Real
GDP Growth, 2008-2010 — 56 Monetary
Policy — 56 Table: Developed Market Exchange Rates,
2006-2010 (average) — 57 Table: Emerging Market Exchange
Rates, 2006-2010 (average) — 57
Commodities — 58 Appendix B: Business Environment Ratings
Methodology — 59 Ratings Overview — 59
Table: Mining Business Environment Indicators — 60 Table:
Weighting Of Components — 61
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