HF Weekly - December 10, 2012

Weekly commentary
Markets slid as politics tramps economics

Economics
CPI inflation is on the rise
S&P affirms the ratings of Kazakhstan, Samruk-Kazyna and DBK at BBB+

Banks
Majority of BTA creditors voted for restructuring, others sued Samruk-Kazyna
BTA shareholders approved restructuring, creditors will vote on December 5
Eurasian Bank will participate in the fixing of KazPrime

Oil and gas
KazTransOil\'s 3Q2012 results in line with estimates
KazTransOil IPO oversubscribed two times
Jupiter Energy\'s J-58 well hits oil
Roxi Petroleum spuds NK-12 well in Galaz
Dragon Oil wins a tender in Afghanistan
Roxi Petroleum starts production from Munaily

Metals and mining
African Resources closes partial offer for Hambledon Mining shares
Initial production from Kazakhmys\' Aktogay project to start in 2015
Frontier Mining drops 4.4% on CEO departure
ENRC to consolidate its stake in Camrose holdings for $550mn

Other industries
Steppe Cement\'s share offer successful
Sunkar Resources receives listing on the local exchange

Global Markets