Halyk Finance Weekly Update, 1 August 2011

Economics
A debt limit deal in the US 2
Inflation accelerates in July 2
Credit grows, interest rates decline 3
Oil and gas
Tethys Petroleum: one well produces 1600 bopd, another is dry 4
KMG EP increases production loss estimate to 800 thousand tons of oil 5
Jupiter Energy reports mixed results at J-52 well and a strong cash position 5
Metals and mining
Kazakhmys on course to meet 2011 targets despite a 9% decline in 2Q2011 copper output 6
Centerra Gold posts solid 2Q2011 financial results 6
Sunkar Resources draws down equity line facility 6
Final chords of KazakhGold RTO 6
Frontier Mining sold Maminskoye gold deposit for $37mln 7
Kentor Gold publishes quarterly activities report 7
Orsu Metals to receive $5.5mln settlement for Varvarinskoye project 7
Highland Gold Mining plans to produce 75-110koz of gold at Belaya Gora 8
Global Markets
International bonds 12
Domestic bonds 13
KASE
NBK fx interventions at KASE
International Stock Exchanges
Calendar of events 19
Stock recommendations 19