IN THIS ISSUE:

NEW MEMBER SERVICES:

Job Bank: post your job openings on our website

CERBA attracts a lot of job�seekers who possess very specific

skills. Posting your opening on our website will enhance its visi�

bility and outreach to potential candidates and will give you the

opportunity to target the desired audience. For CERBA members

we are offering this service as a part of the membership package,

but it is also available for non�members for an extra fee.

Interested in Posting a Career Opportunity?

Career postings can be listed on our website for:

Members � free

Non�members � $200 + tax

Career postings should be sent to CERBA Toronto Chapter

electronically to julia@cerbanet.org. Submissions are accepted

in Word or PDF. Requests for job postings from non�members

should include billing information or a Visa, Mastercard or Amex

number. Positions are posted for 30 days or until resume closing

date, whichever is earlier. For more information please contact

CERBA Toronto Chapter via e�mail: julia@cerbanet.org

Resume Bank:

Dear CERBA Members, we are happy to remind you of an

added�value service included into your membership package:

Resume Bank. Among our dedicated volunteers and interns

there are a lot of talented bilingual and multilingual profession�

als who are searching for new career opportunities. If you are

looking to fill in a position with your company please feel free to

have a look at the resumes in the Member�only section of our

website and contact the potential candidates directly.

CERBA LINKED�INspiredWould you like to be the first to know what is new in the CERBAcommunity?Please follow our ccoommppaannyy ppaaggee oonnLLiinnkkeeddIInn::hhttttpp::////wwwwww..lliinnkkeeddiinn..ccoomm//ccoommppaannyy//ccaannaaddaa��eeuurraassiiaa��rruussssiiaa��bbuussii��nneessss��aassssoocciiaattiioonn..Receive regular updates from us and feel free to like, share and comment!

CERBA members, we would like to remind you that you are most wel�come to start discussions, share your views and ask questions in ourexclusive member�only LinkedIn group. Created specifically for the con�venience of our members, this group is an excellent tool to start a newconversation, bring up a pertinent issue or just reconnect to someonewho shares the same values.

MOSCOW BOARD OF DIRECTORSChairmanNathan Hunt – Ronald A. Chisholm International

DirectorsAlexander Skoblo � Dentons Russia

Anatoly Andriash � Norton Rose Fulbright

Clark Bailey � EuroChem Group

Kelly Allin � Deloitte Russia

Luc Jones � Antal Russia

Madina Assylbekova � Gowling WLG

Matt Wills � John Deere Construction &

Forestry Division

Mikhail Romanov � Ernst & Young

Neil Withers � CFA Russia

Pavel Zhelvis � Koch Industries

Ron Lewin � TerraLink Technologies

Stanislav Borodyuk � Kinross Gold Corporation

Svetlana Bobrovich � Barrick Gold

ObserversAnnick Goulet � Embassy of Canada in Moscow

Redouane Mekideche � Embassy of Canada

in Moscow

ALBERTA BOARD OF DIRECTORSChairmanBrent Knight � R1 Airlines

DirectorsErkin Atakhanov � Personal Finance Consulting

Laurent Auger � Alberta International

Intergovernmental Relations

Nick Bryanskiy � Bennett Jones LLP

Erin Chutter � Global Energy Metals

(ex officio member)

John Kemp � First Medics International

Pat Wories � Enersul

TORONTO BOARD OF DIRECTORSChairmanMartha Harrison – Dentons

Vice ChairmanWolfgang Spillner � Logistics Consultant

DirectorsBoris Aryev � Stans Energy Corp.

John Coll � Bombardier

Mark Gilbert � Bombardier Commercial Aircraft

Wendy Harris � CESO

Robert C Kay � Migao Corporation

Lou Naumovski � Non�Executive Director,

Amur Minerals Corporation; Consultant,

Kinross Gold Corporation and Advisor on

Russia to the World Gold Council

Alina Pekarsky � Sci�Tech Ventures

Associates; Schulich Executive Education

Centre, York University

Alex Peshekhonov � Global Performance

Improvement Inc.

Alex Shifrin � LP/AD

MONTREAL BOARD OF DIRECTORSChairmanGilles Breton � former Deputy Head of

Mission, Canadian Embassy to Russia

DirectorsIlya Kalnish � BCF

Leo Knaapen � Bombardier

Alexandre Borduas � BRP

Rehan Wasti � SNC�Lavalin

Inna Popova � McGill University

Nicolas Fresne � Former Head of Quebec

mission in Russia

ObserversAnis Ouanes � Ministere de l'economie,

de l'innovation et de l'exportation du Quebec

OTTAWA BOARD OF DIRECTORSChairmanGilles Breton � former Deputy Head of

Mission, Canadian Embassy to Russia

DirectorsGreg Shields � Hyperline

Pierre Pyun � Bombardier

Alexandra Logvin � Fasken Martineau

DuMoulin LLP

Christopher Westdal � Silver Bear

Nicolas Temnikov � Consultant

Jacques Pomerleau � Canada Pork

International

Philip Murphy � MDA

ObserversOhannes Keuylian � DFATD

Stephen Wilhelm � Export Development

Canada

Paul Godbout � DFATD

Cecilia Silundika � AANDC

VANCOUVER BOARD OF DIRECTORSChairmanErin Chutter � Chair of the Board, Global

Energy Metals Corp.

DirectorsJohn Kitchen � Owner, Steveston Net and Gear

John Sloan � Ex�Ambassador of Canada to Russia

Joseph Bonvillain � Partner, Manning Elliott LLP

Vladimir Scekic � President, MIVA Engineering

Daniel Kiselbach � Partner, Deloitte Tax Law LLP

Dominique Spragg � VP Viking Air

Bryan Hughes � Regional Director, EDC

Brent Knight � Director, Business development

and Partnerships, R1 Airlines

Daniel Chowny � Principal, Pattison High School

ObserversVictoria Hayes � Director, Ministry of International

trade (BC Provincial government)

Tulegen Kalau � General Director (ENERTEK�

Kazakhstan)

KAZAKHSTAN BOARD OF DIRECTORSChairmanNorman Storm � Falcon Oil&Gas

Vice ChairmanAlexey Chernov� PetroKazakhstan

DirectorsKirill Afanasyev � Schneider Group Kazakhstan

Ksenia Babushkina � Ernst&Young

Darryl Clark � Cameco Kazakhstan

Natalia Kurkchi � Antal Kazakhstan

Elmar Khussainov � ALmatyBus Service

Bayrzhan Nugymanov � AsiaCredit Bank

Saniya Perzadayeva � Unicase Law Firm

Kanat Skakov � DENTONS

Artem Yermilov � Uranium One

ObserversAdam Barbolet � Embassy of Canada in

Kazakhstan

Rustem Ikramov � CTP Equipment

Alexandr Skorov � ProTax&Accounting

NATIONAL BOARD OF DIRECTORSChairman

LOU NAUMOVSKI � Non�Executive Director, Amur Minerals Corporation; Consultant,

Kinross Gold Corporation and Advisor on Russia to the World Gold Council

Directors

BORIS ARYEV � Stans Energy Corp.

GILLES BRETON � International Affairs Consultant

ERIN CHUTTER � Global Energy Metals Corp.

HONOURABLE J. TREVOR EYTON � Silver Bear

MARTHA HARRISON � Dentons

NATHAN HUNT � Ronald A. Chisholm International

DANIEL KIESELBACH � Deloitte TaxLaw

BRENT KNIGHT � R1 Airlines

CHRIS WESTDAL � Director, Silver Bear Resource

NORMAN STORM � General Director, Falcon Oil&Gas LLP

PIOTR DUTKIEWICZ � Carleton University

PIERRE SEIN PYUN � Bombardier

ObserversMARGARET SKOK � Carleton UniversityWOLFGANG SPILLNER � Logistics Consultant

Past ChairmanNATHAN HUNT � Ronald A. Chisholm

International

IN THIS ISSUE:

OPINION

CERBA�Kazakhstan Chairman’s Address . . . . .4

NATIONAL EVENTS

CERBA�Eurasia Construction and

Infrastructure Conference 2016 . . . . . . . . . . . . .5

Canada, Kazakhstan, Russia, and Mongolia

come together at CERBA Eurasia Mining

Conference during PDAC 2017 . . . . . . . . . . . . .6

Agreement signed between

Invest North Bay and the Republic

of Sakha (Yakutia), Russia . . . . . . . . . . . . . . . .8

Meeting of the Kazakhstan�Canada

Business Council Mining and

Natural Resources Working Group . . . . . . . . . .9

ASSOCIATION NEWS

New Members . . . . . . . . . . . . . . . . . . . . . . . .10

Member News . . . . . . . . . . . . . . . . . . . . . . . .14

LOOKING BACK

Events and Association Activities . . . . . . . . . .26

CERBA NEWSLETTER Special Edition

SPOTLIGHT ON KAZAKHSTAN

Design: Dmitry Radomsky

OPINION

4 / Spring 2017

NATIONAL CONFERENCES

Spring 2017 / 5

On NNoovveemmbbeerr 2299,, 22001166 CERBA

hosted its 12th annual Eurasia

Construction and Infrastructure

Conference within the frames of

the international program of Con�

struct Canada trade show. The

Conference provided an excel�

lent opportunity to preserve and

strengthen the existing ties bet�

ween Canada and Eurasia and to

establish new ones to the eco�

nomic benefit of all the trading

countries in these regions in the

sphere of infrastructure and con�

struction. The markets in focus of

the conferencing parties this year

have been Kazakhstan, Russia,

and Ukraine.

The main themes of the event

were covered by two panels of

distinguished speakers. The pan�

elists delivered a brief presentation of their views to cover the

main program points and participated in a heated discussion

led by BBiillll HHuuttcchhiissoonn ooff HHuuttcchhiissoonn MMaannaaggeemmeenntt IInntteerrnnaattiioonnaall

IInncc.., Distinguished Research Fellow, Munk School, and Un�

iversity of Toronto. JJuulliiaa SSppeeffaanniisshhiinnaa,, PPaarrttnneerr,, KKPPMMGG, spoke

about the PPP projects in Russia and the technological and

pricing audit of an investment project at each stage of devel�

opment. YYaarroossllaavvaa CChhaappkkoo,, BBuussiinneessss DDeevveellooppmmeenntt DDiirreeccttoorr,,

CCiittyy DDeevveellooppmmeenntt SSoolluuttiioonnss ((UUkkrraaiinnee)), introduced the partic�

ipants to the opportunities in the Ukrainian real estate invest�

ment market. For example, in Kyiv development projects in

Dear CERBA Members,

As the recently elected Chairman of the Kazakhstan Chap�

ter of CERBA, I would like to whole�heartedly greet all of the

members of CERBA in Canada, as well as in Kazakhstan

and throughout Eurasia.

I would especially like to thank Mr. Dan Bastien, the outgoing

Chairman of CERBA Kazakhstan for his years of dedicated

service to the organization, as well as the CERBA National

Chairman, Mr. Lou Naumovski, and all of the other Board

Members for their support in electing me to this position.

The timing of my appointment is very opportune since 2017

marks the 150th anniversary of Canada's independence and,

at the same time, is also the 25th year of bi�lateral relations

between Canada and Kazakhstan.

Several significant events have already taken place in

Kazakhstan during 2017 to commemorate these important

milestones:

• a visit to Kazakhstan by a Parliamentary delegation headed

by the Honourable Robert Nault, MP for Kenora, and Chairman

of the Committee for Foreign Affairs and International Deve�

lopment of the House of Commons, as well as co�chair of the

Inter�Parliamentary Cooperation Group "Kazakhstan�Canada";

• a charity hockey tournament organized by the Canadian

Embassy in Astana on May 20th�21st , which was co�spon�

sored by several CERBA members, and which featured ex�

NHL players from both Russia and Canada led by the ven�

erable Igor Larianov and the Honourable Ken Dryden.

Possibly the most significant upcoming event is the 2nd annual

Kazakhstan�Canada Business Council (KCBC) Meeting, which

will take place in Astana on June 22nd�23rd. This event will be

the highlight of CERBA Kazakhstan's 2017 event calendar,

since many of the CERBA Regional Directors will travel to

Kazakhstan to take part. We are also expecting a large turnout

from our CERBA members.

The KCBC Meeting is co�chaired by Cameco and Kazatom�

prom and co�organized by the Chamber of International Com�

merce of Kazakhstan (KazCIC) and CERBA.

The two day event will feature work group sessions, as well as

a plenary session and numerous important dignitaries will take

part including His Excellency Shawn Steil, Canadian Ambas�

sador to the Republic of Kazakhstan, Mr. Yerlan Khairov, Vice

Minister of Investment and Development of the Republic of

Kazakhstan and Mr. Fred Gorrell, Assistant Deputy Minister,

Agriculture and Agri�food Canada.

The sectors represented at the KCBC Forum, namely: mining &

natural resources, agriculture & agrifood, oil & gas, transporta�

tion & aerospace, construction & infrastructure and finance,

represent key business sectors in both Canada and Kazakh�

stan and CERBA hopes that it will be able to play a role in help�

ing to promote companies from both regions to expand their

international footprints.

The similarities between Kazakhstan and Canada are nu�

merous � everything from the extreme weather conditions to

the importance of the resource and agriculture sectors to

the economies of both countries. The large distances bet�

ween population centers and markets encourage enterpris�

ing logistic, transportation and infrastructure solutions. Many

of the learning experiences of Canadian companies can be

directly applied to Kazakhstan and one of the goals of

CERBA is to promote the ideas and international business

acumen of its members to government bodies in order to

make it easier for companies from Eurasia and Canada to

engage in commercial activities with one another.

One of the primary objectives of CERBA vis�a�vis the KCBC

Meeting is to use CERBA and its members, in conjunction

with KazCIC and the Ministry of Investment and Develop�

ment of the Republic of Kazakhstan, to initiate a dialogue

with the respective government bodies to determine what

changes could be made to promote more foreign direct

investment to flow into Kazakhstan to further develop the

economies and expand bi�lateral trade activities.

There have been many Canadian success stories written in

Kazakhstan over the years, in mining, oil & gas and in agri�

culture, but given the opportunities that still exist in the coun�

try for Canadian companies I believe that many more stories

will be written in the coming years.

On June 10, 2017, Expo�2017 will open its doors in Astana and

Kazakhstan and its achievements will be showcased to a glob�

al audience. More than 100 countries will take part in this event

and CERBA is excited about the exposure that Expo will bring

to Kazakhstan, as well as to CERBA and KCBC. Expo�2017

promises to be one of the highlight events for Kazakhstan

since it gained independence in 1991.

As part of Canada's 150 year birthday celebrations, CERBA

and the Canadian Embassy will hold a joint reception and

gala dinner at the Embassy in Astana on June 22nd during the

KCBC Meeting. In addition to taking a moment to reflect on

Canada's achievements as a country, the reception will also

provide a great networking opportunity for the Canadian and

Kazakhstan delegates who will attend the KCBC Meeting.

CERBA would like to offer thanks to Ambassador Steil, and

the members of his team, for graciously accommodating

CERBA's timeline and for the many times he has assisted

CERBA and its members over the years.

In addition to being heavily involved in the upcoming event,

CERBA Kazakhstan has been very busy throughout the year

and has organized numerous events to keep its members up

to speed on policy and legal changes initiated by the Kazakh�

stan government. In addition, workshops have been offered

to members on how to work more effectively in Kazakhstan.

We would also like to take the time to thank the organizations

who have jointly worked with CERBA to sponsor and hold

these events and to the people who invested their valuable

time to make it happen � there are too many to mention but

we really appreciate your efforts and dedication.

I would also like to encourage all of the members of CERBA

to continue to do your best to support our organization in spite

of the current financial crisis which is affecting many mem�

bers. A lot of hard work and dedication has gone into building

CERBA to what it is today, an organization with more than 140

members worldwide. We believe that by working together we

can continue to build on this already strong platform.

In conclusion, I would like to thank everyone for their efforts

throughout the years and I sincerely hope that new business

opportunities will continue to develop for all of our members.

I hope that I will have the opportunity to welcome many of

you personally in June during the KCBC Meeting in Astana.

Sincerely,

Norman Storm

CERBA EURASIA CONSTRUCTION ANDINFRASTRUCTURE CONFERENCE 2016

TTOORROONNTTOO,, NNOOVVEEMMBBEERR 2299,, 22001166

Left to right: Daniyar Seidaliyev, Minister�Counsellor, Economic Affairs, Embassy of the Republic of Kazakhstan in Canada; YaroslavaChapko, Business Development Director, City Development Solutions (Ukraine); Julia Stefanishina, Partner, KPMG; Bill Hutchison,Chair and CEO, Hutchison Management International Inc., Distinguished Research Fellow, Munk School, University of Toronto; EvgenijShlemenkov, Chairman of the Board, OPORA Russia; Diana Petrova, Deputy General Director, JSC "Republican Investment Company"(Yakutiya, Russia), Ivan Dyakov, Ivan Dyakov, Member of the Board, National Union of Employers in Construction Industry (Russia).

Left to right: Roman Hul, Partner, and Evgenya Knopov,Managing Partner, Knopov Design Group; Anatoliy Grazhdan,Project Manager, OpenAire; Peter Gabor, Principal, Peter A.Gabor, Architect; Paul Taylor, President and COO, HopewellResidential

Left to right: Daniyar Seidaliyev, Minister�Counsellor, EconomicAffairs, Embassy of the Republic of Kazakhstan in Canada; IvanDyakov, Member of the Board, National Union of Employers inConstruction Industry (Russia); Aleksandr Purii, United dispatchersystem (Russia).

Diana Petrova, DeputyGeneral Director, JSC"Republican InvestmentCompany", Yakutiya,Russia

Norman Storm, CERBAKazakhstan Board of DirectorsChairman, General Director"Falcon Oil&Gas"

CERBA KAZAKHSTANCHAIRMAN’SADDRESS

NATIONAL CONFERENCES

Spring 2017 / 7

NATIONAL CONFERENCES

6 / Spring 2017

Subsoil Usage and Nature Management, Ministry of Natural

Resources and Ecology of the Russian Federation, further

spoke about the government's efforts to stimulate exploration

by softening regulations in the strategic block regime, devel�

oping economic stimuli for exploration, and simplifying licens�

ing procedures. He continued Mr. Kopin's theme by confirm�

ing the Russian government's focus on the Far East as one of

the economic zones of the top priority.

RRuussllaann BBaaiimmiisshheevv, Director of the Department of Subsoil Use

of the Ministry for Investments and Development of the Re�

public of Kazakhstan, underlined the key innovations intro�

duced by the government, including openness of geological

information and data on subsoil use right, stability of the sub�

surface conditions, licensing the right to use subsurface

resources in the mining sector (solid raw materials, common

useful minerals, underground structures, to prospect for gold)

instead of contract system, principle of "first application" in the

mining sector, and modular system in exploration to simplify

the administration, monitoring and control.

For the first time in its 17th years of history CERBA Mining had

the honour to host a representative of Mongolia: BBaaaattaarrttssooggtt

BBaallddoorrjj, Head of Mineral Resources and Petroleum Authority

of Mongolia. Mr. Baldorj told the guests about the present sit�

uation of geological survey and exploration and the issuance

of new licenses.

Session 2 "Investor Experience in Eurasia" opened up the floor

to industry leaders eager to share their success stories in min�

ing and exploration in Eurasia. CCllaauuddee SScchhiimmppeerr, Regional

Vice President, Russia, Kinross Gold Corp, spoke about the

recent developments at Kinross' Kupol and Dvoinoye satellite

deposits and emphasized the importance of the company's

contribution to social and economic development of the

region where its deposits are located. QQuueennttiinn HHaauuttaa, Ma�

nager, Corporate Development, Cameco, continued with a

story of a long�standing commitment and success of

Cameco Corporation in Kazakhstan. Cameco has been the

largest Canadian investor in Kazakhstan since 1992. Through

its experience in Kazakhstan and elsewhere, Cameco lad

learned the importance of part�

nerships with the local stake�

holders, patience as the infra�

structure and legal system

were still evolving, open com�

munication, in�country pres�

ence, and maintaining a social

license to operate. Mr. Hauta

confirmed Cameco's desire to

remain a long�term investor

and partner in Kazakhstan. The

representatives of Highland

Gold, Krastsvetmet, N�Mining

shared their stories of hard work and commitment to sustain�

able and responsible growth.

The conference concluded with a series of B2B meetings of

the participants and a networking reception. The speakers

and the guests were leaving encouraged and excited about

the opportunity to get together again in 2018.

TThhaannkk yyoouu ttoo tthhee ssuuppppoorrtteerrss ooff tthhee CCoonnffeerreennccee::

The conference on the 8th of March was a part of a con�

densed 5�day business program that included the participa�

tion of the Eurasian delegates in the Prospectors and

Developers Association of Canada International Convention,

Trade Show & Investors Exchange � the world's leading con�

vention for people, companies and organizations in, or con�

nected with, mineral exploration and finance. This year PDAC

hosted over 1,000 exhibitors, 3,800 investors and 24,000

attendees from 130 countries. The delegates attended tech�

nical sessions, short courses and networking events. The

annual convention has grown in size, stature and influence

since it began in 1932 and today is the event of choice for the

world's mineral and finance industries.

Besides that, CERBA organized 2 country�specific working

groups on the mining sector: Canada�Russia Mining Working

Group and Kazakhstan�Canada Business Council Mining and

Natural Resources Working Group. The participants of these

two meetings worked on the specific measures and steps for�

ward to improve the bi�lateral cooperation in these industries.

Additional B2B meetings organized during the week included

such CERBA members as Phoenix Geophysics, Schulich

Executive Education Centre, Direct Talk, SNC�Lavalin and, others.

The program of CERBA Mining week also included a high�

level dinner meeting, organized by Russia�Canada Business

Baatartsogt Baldorj, Head of Mineral Resources andPetroleum Authority of Mongolia.

Working session of the Canada�Russia Mining Working Group

Mikhail Dyagilev, CEO,Krastsvetmet

residential sector enjoy 23�30% IRR on average and require

low initial investments. Land plots suitable for residential or

mixed use development in Kyiv and even in Kyiv suburb are

in high demand.

DDiiaannaa PPeettrroovvaa,, DDeeppuuttyy GGeenneerraall DDiirreeccttoorr,, JJSSCC ""RReeppuubblliiccaann

IInnvveessttmmeenntt CCoommppaannyy"" spoke about the opportunities in the

infrastructure sector in the Republic of Sakha (Yakutiya),

Russia: the region is offering attractive conditions for foreign

investment and is undergoing economic growth.

In the second session, led by the renowned architect PPeetteerr

GGaabboorr, the speakers shared experiences and innovative solu�

tions in the construction sector. Thus, EEvvggeennyyaa KKnnooppoovv,, MMaa��

nnaaggiinngg PPaarrttnneerr ooff KKnnooppoovv DDeessiiggnn GGrroouupp, and her Partner

RRoommaann HHuull shared their innovative ideas in sustainable indus�

trial design, adaptive re�use of outdated structures, design

strategies for industrial parks, and inner�city infill housing.

The formal part of the conference was concluded by a lively

networking reception, during which the guests could

exchange business ideas and plans in a relaxed atmosphere.

Besides the informative conference program, the Eurasian

delegates were offered a tailored program of business

meetings and site visits organized by CERBA in Toronto and

Montreal. The 6�day program included Construct Canada

Trade Show floors tour, international attendees networking

and B2B program at the Trade Show; a manufacturing facil�

ity visit in Woodstock, Ontario; meetings with the wood and

construction associations in Ontario and Quebec; research

center tour at Laval University, and more.

The event was supported by the Ontario Ministry of

Citizenship, Immigration and Trade Development.

We would also like to thank Construct Canada's team, inter�

national division, for working closely with us along the

months of preparation and contributing to the program of

the conference, as well as our information partners: Ontario

General Contractors Association, British Canadian Chamber

of Trade and Commerce, and Roscongress.

We are looking forward to seeing you at our conference on

November 28, 2017 � registration is already open! www.cer�

baconstruction.com

TThhaannkk yyoouu ttoo oouurr ssuuppppoorrtteerr::

The Canada Eurasia Russia Business Association (CERBA)

held its 17th annual mining conference during PDAC, the

world's leading mining convention, held in Toronto. The

CERBA event was a unique opportunity to bring together

Canadian representatives of the mining industry with their

counterparts from Kazakhstan, Russia, and Mongolia to dis�

cuss business opportunities, regulatory issues, market analy�

sis and forecasts, and to share experience. Over a hundred

participants included government regulators, mining compa�

ny executives, investors and service providers.

The conference was opened by welcome remarks by HH..EE..

AAlleexxaannddeerr DDaarrcchhiieevv,, Ambassador of the Russian Federation to

Canada, followed by a brief introduction by DDaanniiyyaarr SSeeiiddaalliiyyeevv,

Minister�Counselor at the Embassy of Kazakhstan to Canada

on the new developments in Kazakhstan, among which he

named transfer to the Australian�adopted model of subsoil

use, which would provide for a simplified procedure for all

types of geological and mining activities; implementation of the

Mineral Reserves International Reporting Standards; and a

new code on mineral resources being developed jointly with

the World Bank, EBRD, and OECD.

RRoommaann KKooppiinn, the Governor of Chukotka, opened Session 1

"Mining in Eurasia: Trends" by outlining the advantages of the

Chukotka Autonomous region (Russia) as an investment des�

tination: the region is doing its best at creating a favourable

investment climate by offering simplified administrative pro�

cedures, customs free zones, and lower taxes. AAlleexxeeyy OOrreell,

Director of the Department of State Policy in the Field of

CANADA, KAZAKHSTAN, RUSSIA, ANDMONGOLIA COME TOGETHER AT CERBAEURASIA MINING CONFERENCE DURINGPDAC 2017 TTOORROONNTTOO,, MMAARRCCHH 88,, 22001177

Alexey Orel, Director of the Department of State Policy in theField of Subsoil Usage and Nature Management, Ministry ofNatural Resources and Ecology of the Russian Federation.

Ruslan Baimishev, Director of the Department of Subsoil Useof the Ministry for Investments and development of theRepublic of Kazakhstan.

NATIONAL CONFERENCES ASSOCIATION NEWS

Spring 2017 / 9

George Burton of Invest North Bay says, "Today marks an

important strategic milestone for Invest North Bay Deve�

lopment Corporation. Our mission is to promote North Bay as

an attractive destination for business and investment to

stakeholders across Canada and around the world. The sign�

ing of the MOU with Invest Yakutia will enhance our interna�

tional footprint and create numerous new opportunities for

local businesses and organizations."

Yuliana Diryakhova of the Republic of Sakha says "The signing

of the MOU between Invest North Bay and Invest Yakutia lays

the foundation for establishing and growing relationships

between our organizations, companies and community part�

ners. It will provide a framework and set guidelines to provide

for mutually beneficial business and economic growth oppor�

tunities. I am delighted and honoured to sign the Memo�

randum of Understanding between the North Bay Deve�

lopment Corporation and Yakutian Investment Development

Agency. It's the first Memorandum of Understanding signed by

us with a North American development institution. My col�

leagues and I share the same feeling of excitement and opti�

mism about future possibilities and opportunities that this part�

nership between our cities, regions and countries will bring.

We look forward to work together on joint projects that will play

an important role in promoting economic and social develop�

ment, stability and mutual respect and understanding."

On March 8th CERBA hosted a meeting of the Kazakhstan�

Canada Business Mining and Natural Resources Council

Working Group that featured participation of Mr. Ruslan

Baimishev, Director of the Department of Subsoil Use of the

Ministry for Investments and development of the Republic of

Kazakhstan, and Mr. Eldar Tagash, Deputy CEO, KazGeology

National Company, along with representatives of Canadian

mining companies interested to learn about thу new develop�

ment in the subsoil legislation in Kazakhstan.

Mining is a key economic sector for KZ generating 5% of GDP

and 160,000 jobs and 17% of exports.

There is a large amount of untapped resources in KZ; to devel�

op this potential, improvements have to be made in the invest�

ment attractiveness of the mining industry. This goes through

implementing a new subsoil use code, better access to geo�

logical data and reducing bureaucratic hurdles in acquiring

exploration permits. Mr. Baimishev told the participants that

the provisions of the new draft of the subsoil use code are

based on Australian legislation and practices, with credit also

attributed to OECD, EBRD, and the World Bank. Some fiscal

reforms for the mining sector are also under way with the goal

to better align the industry with accepted international stan�

dards. The goal for these reforms is to increase investment in

exploration and job creation.

Mr. Baimishev also mentioned that Kazakhstan was moving

towards a licensing system where revocation of licence can

only happen in the case of unpaid licence fees, failure to per�

form work program agreed, and unauthorized transfer of

exploration rights. As for the claim�staking, Kazakhstan

already launched a pilot project on a first�come first�served

basis with around 18,000 lots allocated within its frames.

According to the new code, no auctions will be required and

exploration fees will be progressive in the first 6 years, due to

be paid once the mine is profitable.

8 / Spring 2017

Left to right: Dmitry Khorokhonov, Russian Trade Mission inCanada; Katherine Balabanova, Regional Director and NationalCoordinator, CERBA; Alexey Rudnev, Rosnedra; YulianaDiryakhova, Invest Yakutiya, Republic of Sakha (Yakutia), Russia;Al McDonald, Mayor, North Bay; Valery Maximov, Russian TradeMission in Canada; Lou Naumovski, CERBA Chair.

Eldar Tyagash, Deputy CEO, KazGeology, and Greg Gabruch,Director, Corporate Development, Cameco Corporation

Ruslan Baimishev, Director, and Saken Shakirov, Deputy Directorof the Department of Subsoil Use of the Ministry for Investmentsand development of the Republic of Kazakhstan

MEETING OF THEKAZAKHSTAN�CANADA BUSINESSMINING ANDNATURALRESOURCESCOUNCIL WORKINGGROUP

Council with the participation of the Russian Ambassador,

Alexander Darchiev, the representatives of the Russian dele�

gation from the Russian Ministry of Natural Resources,

Rosnedra, RosGeolExpertisa, as well as the representatives

of the Ontario government, CERBA leadership and the lead�

ing businesses from both countries including Metalloinvest,

Krastsvetmet, Kinross Gold, Barrick Gold, Bombardier, SNC�

Lavalin and others.

One of the program highlights was also a meeting of the

Russian delegation including the Governor of the Chukotka

Autonomies Region, Roman Kopin, and Alexey Orel, Director

of the Department of State Policy in the Field of Subsoil Usage

and Nature Management, Ministry of Natural Resources and

Ecology of the Russian Federation with the Deputy Minister of

the Ontario Ministry of Northern Development and Mines,

David de Launay.

On March 9 CERBA also organized a visit of the Russian del�

egation to the Sudbury mining cluster in Ontario. The visit

kicked off with a Glencore surface facility tour led by XPS, a

licensed metallurgical consulting, technology and test servic�

es to the mining industry.

Later in the day, the delegates participated in the luncheon

seminar, organized by the Ontario Ministry of Northern

Development and Mines with the participation of the Centre of

Excellence in Mining Innovation and the Sudbury Area Mining

Supply and Service Association. The delegates were also well

received and had a discussion with the Mayor of the Greater

Sudbury, Brian Bigger.

In the afternoon the Executive

Director of the Goodman

School of Mines at the

Laurentian University provided

an overview of the programs

and international student and

academic exchanges opportu�

nities of the School that was cre�

ated to help Canada meet the

impending employment shortfall

in the mining industry.

The exciting one�day visit was

finalized by the tour of the

Northern Centre for Advanced

Technology (NORCAT), part of the Ontario Network of

Entrepreneurs. The training and development facilities and

innovation mill facilities as well as NORCAT Underground

Centre are stat�of�the�art and contribute to the development

of the standards of the Canadian and global mining industry.

The agreement was signed

at the Prospectors and

Developers Association of

Canada conference in To�

ronto on March 6, 2017.

The agreement focuses on

developing and exploring

business, educational, app�

lied research and cultural

opportunities between the

city and the Republic of

Sakha, which is based in

Yakutia, Russia. North Bay

Mayor Al McDonald said

"We are excited to formalize a working relationship with

Invest Yakutia. The City of North Bay has much in common

with the Yakutia region and today's ceremony is another

important step in supporting our mining sector as they

develop new market opportunities."

Working session of the Canada�Russia Mining Working Group

Presentation by XPS at theGlencore surface facility

The Governor of Chukotkaat the NORCAT’s MiningEquipment SimulationTraining Centre

Vladimir Makarov with a droneprototype at Clickmox

Russian delegation with a drone prototype by Clickmox atNORCAT: Larisa Zheltova, Arlan Investment Comapany;Katherine Balabanova, CERBA; Denis Nikishin,Rosgeolexpertisa; Vladimir Makarov, the Siberian FederalUniversity; Dmitry Danilin, Rosgeolexpertisa; AlexeyPeshekhonov, Global Performance Improvement

Left to right: George Burton,President, Invest North Bay,Yuliana Diryakhova, InvestYakutiya, Republic of Sakha(Yakutia), Russia; Al McDonald,Mayor, North Bay.

AGREEMENTSIGNED BETWEENINVEST NORTH BAYAND THE REPUBLICOF SAKHA(YAKUTIA), RUSSIA

ASSOCIATION NEWS

Spring 2017 / 11

ASSOCIATION NEWS

10 / Spring 2017

Intercomp

Abay Ave. 52, 8 floor, 802 office "Innova Tower" BC, 050008,

Almaty, Kazakhstan.

Almaty: +7 727 334�06�57, ext. 6079

Astana: +7 717 291�13�88, ext. 6079

Atyrau: +7 712 297�33�93, ext. 6079

mob.: +7 702 702 01 99

www.intercompglobal.com

www.intercomp.kz

CCoommppaannyy DDeessccrriippttiioonn::

At Deloitte in the Caspian region, we are dedicated to sup�

port our clients in developing, sustaining and growing of

their business in the region.

With a globally connected network of member firms whose

clients account for approximately 450 of the Fortune 500,

Deloitte has operations in more than 150 countries, bringing

world�class capabilities and in�depth local expertise to help

its clients succeed in a challenging environment. More than

244,000 Deloitte experts are dedicated to the concept of

achieving results we can be proud of.

Today our office in Almaty coordinates the activity of Deloitte

practices in the Caspian region. We provide the profession�

al services to the international organizations and national

companies from different industries in Kazakhstan,

Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. There

are about 500 local and expatriate employees at our offices

in Almaty, Astana, Atyrau, Aktau, Bishkek, Dushanbe and

Tashkent.

Deloitte has been operating in the region for about 25 years.

Reflecting back, and looking forward to the future, we main�

tain a long�term perspective and seek to make an impact

that matters for our people, clients and society.

CCoonnttaacctt IInnffoorrmmaattiioonn

Chief Executive in Kazakhstan:

Mark Smith, Managing Partner, Caspian Region

Deloitte official representative:

Aaron Crouch, Audit Partner

Address:

36 Al�Farabi Avenue Almaty 050059 Kazakhstan

7 (727) 258 13 40 / 41

almaty@deloitte.kz

www.deloitte.kz

OSG Records Manage�

ment LLC is a member

of OSG international

group of companies that

have over 30 years of

experience. OSG is the

leading provider of document and data management solu�

tions for companies operating in the CIS and EU countries.

OSG works practically with every business sector including:

banking, retail, travel, law, finance, telecoms, production,

service and oil.

In recognition of industry achievements, Professional Records

& Information Services Management (PRISM International)

has awarded OSG a seat on its European Regulatory

Committee.

The Company is a member of Association of European

Businesses, American Chamber of Commerce, British

Chamber of Commerce, Association of Russian Banks,

Russian Guild of Records Management, etc.

OSG Records Management in Armenia was launched to

become Armenia's first document storage and data man�

agement provider.

OSG Records Management services are:

� Document storage

� Cataloguing & indexing

� Archival services

� Confidential destruction of documents

� Scanning & data entry

� Backup disc & tape storage

� IT�Archive (online data backup)

� Inventory of equipment

OSG Records Management has purpose�built Facility to

keep documents and backup disks & tapes safely. The

Facility is protected with alarm system, fire and heat detec�

tion, dry powder extinguishing system, video surveillance,

climate control, anti�vermin measures and strict security

procedures.

Documents are kept in OSG boxes labeled with anonymous

barcodes and stored on OSG Facility racks. Couriers collect

and deliver documents upon request. OSG specialists are

cataloguing, indexing, archiving, destroying and scanning

documents.

Choosing the OSG brand means choosing quality, value

and success for the company.

105, Samal�2, Almaty, Republic of Kazakhstan

Phone: +7 727 271 84 73

Mobile: +7 701 712 76 78

E�mail: sales@osgrm.kz

Website: www.osgrm.kz

Ramada Almaty Hotel is in a

league of its own among

other business hotels in the

city. The Hotel is an exclu�

sive affiliate of Wyndham

Hotel Group in Kazakhstan,

the largest worldwide hotel chain with over 8 000 hotels

worldwide.

Our outstanding facilities are perfect for a business trip, cor�

porate or private event as well as leisure activities.

Extensive hotel facilities include:

" 64 spacious Rooms and Suites;

" Elegant Nomad Ballroom (285 sq. m.) with high ceilings

and daylight. Depending on the scope of your event there is

a possibility to convert the ballroom into two equal sections;

" 7 Conference Rooms, "Eurekas" (from 45 sq. m. up to 84

sq. m.);

" Full�service SPA and Fitness Centre;

" Wyndham Rewards � the world's largest rewards program;

" Free parking for 80 cars;

" Concierge Service;

Established in April 2014, LLP

"ART IMPEX GROUP" compa�

ny is a young, ambitious, pro�

fessional and efficient team

that actively expands its pres�

ence in the market of supplies

of industrial equipment and technological solutions in the oil

and gas, chemical, electric power industries of the Republic

of Kazakhstan.

The staff of our company is limited to necessary and suffi�

cient number of employees, but each of us has many years

of experience in sales, technical, commercial and logistical

support of any request from our valued counterparties. We

are mobile and ready to be with you at your first request,

and, if necessary, to attract any technical and commercial

specialists of our suppliers to meet your requests.

Currently the basis of our portfolio is composed of three

manufacturers who entrusted us to represent their interests

on the territory of our country on an exclusive basis:

CCJJSSCC ""DDSS CCoonnttrroollss"" Veliky Novgorod city, Russia

Joint venture, one of the eleven General Electric plants

engaged in the production and maintenance of control, clip�

ping regulating and shut�off valves, digital buoy�mounted level

gauges, safety valves, pressure and temperature regulators.

Being an authorized representative of GE for Russia and CIS

countries with brands such as Masoneilan, Consolidated,

Becker, etc., "DS Controls" entrusted us to represent its inter�

ests on the territory of the Republic of Kazakhstan. An impor�

tant addition to our portfolio was the appointment of CJSC "DS

Controls" in 2016 as the official partner of SETPOINT Vibration

company, which allowed us to offer a full range of SETPOINT

technical solutions � a new generation of vibration protection

and vibration diagnostics systems for monitoring and analyz�

ing the state of rotary equipment (turbines, compressors,

engines, generators and etc).

OOJJSSCC ""IICC UUnniitteedd WWaatteerr TTeecchhnnoollooggiieess"" Moscow, Russia

An engineering company specializing in water treatment for

power equipment of thermal power plants, chemical, metal�

lurgical, oil and gas processing facilities and many other

industries. The company's activities are aimed at the intro�

duction of modern water treatment technologies on the

basis of its own patented developments, used both for new

construction and for the modernization of obsolete tech�

nologies.

AANNGGAA UUsszzcczzeellnniieenniiaa MMeecchhaanniicczznnee SSppoollkkaazzoo Kosy, Poland

"ANGA Mechanical End Seals" Ltd is a manufacturer of

seals, in particular mechanical end seals, used in various

types of equipment with rotating shaft, vane pumps, mixers,

reactors and fans. Our customers are manufacturers and

operators of similar equipment, service companies from a

wide variety of industries.

Today we are happy to name among our respected customers

such giants as North Caspian Operating Company and TEN�

GIZCHEVROIL, who are already actively using our services.

Karachaganak Petroileum Operating and ZHAIKMUNAI added

our Company to databases of their suppliers and place their

requests for proposals with us. Now we are focused on compa�

nies engaged in the extraction and transportation of oil and gas,

refining, power generation, chemical industry and are convinced

that we can be really useful and effective in their activities.

In addition to the products and services from our current

portfolio, which we are actively expanding, we are pleased

to offer third�party procurement services for all those, who

consider their own procurement service as a surplus.

More information about our portfolio you can find on our

website: http://artimpexx.kz/

We will be happy to answer any of your questions.

Our contacts:

Alim Baykhozhayev – General Director, RK, Aktau

+7 701 999 9006

alim.baikhozhayev@artimpexx.kz

Roman Cheremisin – Commercial Director, RK, RF

+7 747 963 9000

roman.cheremisin@artimpexx.kz

Talgat Akemeyev – Business Development Manager, RK,

Astana

+7 777 700 6000

talgat.akemeyev@artimpexx.kz

Felix Khassenov – Business Development Manager, RK,

Almaty

+7 701 711 3096

felix.khassenov@artimpexx.kz

In 1994, Intercomp be�

came the first company in

Russia to offer financial

outsourcing to foreign com�

panies operating in Rus�

sia, and since then com�

panies such as Nike,

Cisco, Indesit, Kimberly�

Clark, Novartis, and oth�

ers have joined the ranks

of clients of company cur�

rently consisting of more

than 800 organizations. One�fifth of the companies in the

Fortune Global 500 list is one of clients, and Intercomp have

been working with some of them for over 20 years.

Today, Intercomp cooperate with companies from 20 coun�

tries employing from 1 to 14,000 people, and all 750 profes�

sionals working at Intercomp in Moscow, St. Petersburg,

Nizhny Novgorod, Ryazan, Kiev, Almaty, Astana and Baku

support clients' business in any time zones.

Employees are the most valuable asset of Intercomp.

Company constantly devote time to developing and

enhancing their professionalism, creating a special atmos�

phere that will help unlock their potential. All together, we

aim to do an excellent job every day and surpass cus�

tomer's expectations.

SSeerrvviicceess ooff IInntteerrccoommpp

1. Accounting and Tax Accounting

2. Review and restoration of the Accounting and

Tax Accounting

3. Inventory

4. Payroll

5. HR Administration

6. Review and restoration of the HR Administration

7. Workplace Health & Safety

8. Review and restoration of the Workplace Health & Safety

9. Recruitment

10. Outstaffing

11. Legal services

12. Work permit services

NNEEWW MMEEMMBBEERRSS

Spring 2017 / 1312 / Spring 2017

care providers, including physicians, paramedics, and nurs�

es and equip them with the tools, medications, and over�

sight needed to provide care. Beyond addressing acute and

chronic care patient needs, we also work with our clients to

advance their health and wellness programs in the field.

Our knowledge of healthcare systems, our role as medical

directors for first responders, and our rich history in educat�

ing healthcare professionals and lay rescuer alike also

empowers us to design medical services in response to

specifically identified needs. We've drawn upon this expert�

ise to help address issues as wide ranging as pandemic

influenza, asthma treatment in hospital settings, and sudden

cardiac arrest prevention initiatives.

For more information on our services, visit

www.iridiamedial.com

Contact: Vern Biccum

vbiccum@iridiamedical.com

1�604�685�4747

Grey Owl Engineering is a

leading mid�size Canadian

firm providing a comprehen�

sive range of engineering,

design, project management

and procurement services to

the Canadian and internation�

al upstream oil and gas industry. Working with partners in

Kazakhstan, Grey Owl are actively seeking opportunities with

a business model that works best for mid�sized engineering

companies. As a full service EPCM, our focus and experience

is in pipelines and upstream facilities. We demonstrate indus�

try�leadership through our development of pipeline leak detec�

tion systems and innovative facility designs that reduce costs

while improving operability.

British Columbia

BRANCH OFFICE

12294 272 Street

Maple Ridge, British Columbia V2W 1C2

Phone:1�604�376�4843

Toll Free:1�877�GREYOWL (473�9695)

Alinga Consulting Group

was established in 1999,

bringing together specialists

with years of experience in

the most important areas of

business support: audit &

taxation, accounting & payroll, and corporate compliance.

International team combines Western management with exten�

sive experience working in Russia.

Alinga accounting services team have the experience and

capabilities in implementing projects for geographically dis�

persed companies covering Russia, the CIS and other

countries.

Tax consultants, auditors and lawyers at Alinga Consulting

have accumulated more than 18 years of experience in solv�

ing tax problems, working with domestic Russian and inter�

national companies in various business areas, including

trade, agriculture and food, construction and real estate,

finance and investment, manufacturing, health care and

pharmaceuticals, services, information technology, scientif�

ic research and engineering.

Intermark Relocation is a

British relocation consultan�

cy. We provide full range of

Immigration & Relocation

services to major international companies. Our key focus is

Russia (more than 50 cities), we also operate in Kazakhstan,

Azerbaijan, Georgia, Belarus & Ukraine.

With 25 years' experience of relocating families into Russia,

we have developed sophisticated expertise and compre�

hensive services that allow foreign employees to smoothly

and easily adapt to a new environment, new reality and their

new life on the assignment.

On average, we assist with the relocation of over 60 families

per month to Russia.

Awards:

• Supplier Quality Innovation Award according to Cartus

Global Network 2009�2010, 2013

• Commitment to Excellence according to Cartus Global

Network 2009�2011

• Circle of Excellence according to AIRes 2014� 2015

• Excellence according to AIRes 2014

• Relocation Service Provider of the Year according to Re:

locate Awards 2015

• Highly Commended Award � Technological Innovation

according to Re: locate Awards 2017

7/1 Kropotkinsky Pereulok,

119034, Moscow, Russia

+7 495 502 95 53

relo@intermarkrelocation.ru

www.intermarkrelocation.ru

AGT Systems specializes in the

distribution and support of the

advanced technologies used in

the Mining and Petroleum Explo�

ration sector throughout Russia

and CIS. Specifically, AGT is the

highly respected and reliable source of conventional land,

marine and airborne geophysical instruments and integrated

systems, as well as a wide selection of equipment, software

and services in all other geosciences including Geology,

Geo�engineering and Geochemistry.

AGT is the official source of modern geophysical equipment

and software packages used for processing, interpreting, pre�

senting, modeling and integrating geophysical, geochemical

and geological data by governments, institutes, universities,

geoscience contractors and private industry in Central Asia

Republics: Kazakhstan, Uzbekistan and Kyrgyzstan.

AGT Systems is a member of Prospector & Developer

Association of Canada (PDAC) since 1999.

AGT Systems LTD. (Moscow)

24A Smolnaya ul, Suite 1420, Moscow 125 445 Russia

Tel./Fax: 7�495�232�0786

e�mail: sales@agtsys.ru; http://www.agtsys.ru

AGT Systems Vostok Ltd. (Almaty)

Seifullin av., Kabanbay Batyra st, 563/103, office 201

Almaty, 050000 Kazakhstan

Tel./fax: +7 (727) 244�63�25, 317�51�30

e�mail: agt_sv@mail.ru

AGT Systems NA Inc. (Toronto)

15 Lake Shore Drive, Toronto, Ontario M8V 1Y9 Canada

Tel: +1(416)255�7414; Mobile: +1(416)801�7055

b.thuma@agtsys.ca; elena.k@agtsys.ca

ASSOCIATION NEWSASSOCIATION NEWS

" 24�hours Bar, Ambrosia Restaurant and "TERRA" Summer

Terrace;

" Free high�speed Wi�Fi (10 mb/s) and brand new LED TVs;

" Business Centre.

Ramada Almaty hotel

27/1 Baitursynov Street

Almaty, 050000, Kazakhstan

Tel.: +7 727 344 9999; Fax: +7 727 345 0157

reservation@ramadaalmaty.com

www.wyndhamhotels.com

Wyndham Garden Astana is a flagship hotel of this brand in

Kazakhstan and Central Asia. Being a part of Wyndham Hotel

Group � the largest hotel group in the world, with a portfolio of

8000 hotels in 77 countries, brand new Wyndham Garden

Astana hotel will open its doors on 10th of June, 2017.

Situated in the prosperous district of Kazakhstan's capital with�

in walking distance to EXPO�2017 Exhibition Centre and MEGA

Silk Way Shopping Centre, Wyndham Garden Astana is also

conveniently located to the new Astana International Airport.

The Hotel offer to its guests 186 brand new rooms and

suites equipped with everything needed for the most com�

fortable stay, a multifunctional conference area including

Garden Hall � a unique and exclusive ballroom with a square

footage of 600 sq.m. and state�of�art equipment. Hotel's

facilities include spacious and vibrant Green Fit SPA &

Fitness Center fully equipped with @Technogym.

NNaattiioonnaall AAttoommiicc CCoommppaannyy

""KKaazzaattoommpprroomm"",, JJSSCC

Kazatomprom is the national

operator of Kazakhstan for import

and export of uranium, rare and

rare earth metals and nuclear fuel

components for power plants.

Kazatomprom was founded in

1997 by the Decree of the President of Kazakhstan and is a

subsidiary of National Welfare Fund "Samruk�Kazyna". Since

2010, Kazatomprom has been the world leader in natural

uranium production.

Natural uranium is extracted in an environmentally safe and

cost�effective manner utilizing in�situ leaching methods (ISL).

Kazakhstani uranium concentrate covers more than 40% of

the world peaceful nuclear energy needs and is delivered to

all countries that utilize nuclear power.

Kazatomprom, together with its group companies, operates

22 uranium mines with a diverse workforce of more than

27,000 people.

Main areas of activities:

� Geological exploration

� Uranium mining

� Natural Uranium Concentrates

� Enrichment

� Production of nuclear fuel components

� Rare and rare earth metals

About Black Swan

Dexteritas

Black Swan Dexteritas Inc.

is a registered Investment Fund Manager, Portfolio Manager,

Commodity Trading Manager and Exempt Market Dealer with

the Ontario Securities Commission. The BSD Global Tech�

nology mandate is available for accredited foreign investors,

via the Cayman offering, and to North American investors via

the Limited Partnership offering. The risk�adjusted perform�

ance track record is attractive, and the growth in assets to over

CAD $65 million across all platforms is a testament to the pop�

ularity of BSD's expertise.

Why Invest With Black Swan Dexteritas

We bring unique, proven strengths

• Principal with 30 years of portfolio management experience

• Dynamic stock selection methodology

• Disciplined risk management process

Our expertise in technology is unparalleled

• Team consisting of seasoned entrepreneurs that have

co�founded billion dollar companies (for example, Vkontakte)

Strong alignment of interest

• 100% employee owned

• USD $48 million in AUM with over 75% principal capital

Significant out�performance in risk�adjusted returns

• The BSD Global Tech Hedge Fund returned 39.3% since

inception (October 2013) versus our benchmark return of

33.9%

Exhibited 77% of the benchmark volatility as of April 2017

ME Elecmetal is a world

leader in production and

supply of mill liners, grin�

ding media and crusher parts to mining companies that

extract and process copper, gold, ferrous and non�ferrous

ores. Along with high quality products the company offers

services for optimizati0n of grinding circuits within its ME FIT

system (Fully Integrated Technology). Production facilities of

the company are located on four continents. ME Elecmetal

has been supplying its product to the clients in Central Asia

and the CIS countries since 2007.

ME Elecmetal has been working with companies in Kazakh�

stan closely, visiting the sites and negotiating with manage�

ments of potential clients. We are planning to start supplying

of liners, crusher parts and grinding media to Kazakhstan.

Other forms of cooperation are possible in the future should

market conditions justify them.

Andrei Makovetski

Business Development Manager, Eurasia

E�mail: amakovetski@meglobal.com

+ 1 (778) 875�7525 cell primary

+ 1 (604) 376�7672 cell secondary

+ 1 (763) 201�1876 office

Iridia Medical exists to

enable peace of mind for

those who respond to me�

dical emergencies.

We specialize in delivering medical services to remote

industrial worksites within the oil, gas, and mining sectors, as

well as to remote communities. We offer a full spectrum of

Spring 2017 / 1514 / Spring 2017

OONNTTHHEEWWAAYY TTrraavveell CCoonnssuullttiinngg LLTTDD is a licensed travel

agency in Vancouver, BC. For more than 7 years we have

been bringing Russian�speaking tourists from all over the

world to British Columbia and Alberta. Our strength is private

tours, fully customized by the wishes and needs of our

clients. We take care of all travel details. If you are looking

for a great getaway for you corporate group, we will help

with everything from picking the perfect itinerary to getting

custom made promotional gear.

British Columbia is “The Mecca” of the salmon and sturgeon

fishing. The Chinook salmon has always been fishing's

crown jewel and can tip the scales at more than 30 kg. White

Sturgeon is the largest freshwater fish in North America.

These monsters grow longer than 3.5 m and weigh more

than half�а�ton. We get our clients into the best freshwater

and saltwater lodges in British Columbia and hook them up

with the best local guides.

Another big part of our business is heli�skiing. Heli�skiing

means accessing untouched, remote alpine terrain via heli�

copter, sometimes it is also called High�End skiing and snow�

boarding. Imagine a week in a 5�star remote Lodge with

gourmet food and everyday skiing in the Big Mountains with

nobody around besides your group. You do not need to be a

pro and yep, nobody jumps from the helicopters. We offer

year�round heli�skiing tours in British Columbia, Alaska,

Kamchatka, Iceland, New Zealand and Chili with best Rus�

sian and Canadian Guides.

HHoonnccoo SStteeeell BBuuiillddiinnggss has

recently completed the delivery

and installation of the prefabri�

cated structure of a new han�

gar for Air Astana.

Paired with the 80m long, 71 m deep and 21 m high hangar,

a second section includes offices and workshops for the

technicians on the first floor as well as office space on a sec�

ond stage. In the hangar, a ceiling crane with a lifting capac�

ity of 3 tons and a lifeline system for the work in heights of

the staff were installed. The hangar has an 18 m high door,

the opening of which can be up to 76 m wide, or open in

independent separate sections.

On the office side, this part has been designed to facilitate

the rapid reconfiguration of the layout as required, by the

installation of light walls.

This aviation technical center also has a garage with a work�

shop for the maintenance of ground machines. The garage

unit is equipped with a bridge crane with a load capacity of

2 tons.

ASSOCIATION NEWSASSOCIATION NEWS

High operational efficiency is key to success of any busi�

ness, especially when it comes to bidding. The services and

products that facilitate or simplify bid preparation are in sig�

nificant demand.

"A bid guarantee is a bank's written commitment for a bidder

where the bank undertakes to pay to the tendering authority

if the bidder fails to comply with the tender conditions," Bolat

Dosmukhametov, Managing Director of AsiaCredit Bank,

explains.

Mr. Dosmukhametov noted that unsecured guarantees are

the most popular in the market as they can be issued within

a very short period of time and offer attractive conditions. In

addition, AsiaCredit Bank issues performance guarantees

secured by money or other property. "We can provide a bid

guarantee against a single document, even to a company

that does not maintain an account with our bank. We also

impose no restrictions as to the company's period of opera�

tions. Our guarantees are accepted by local and internation�

al tendering authorities," Mr Dosmukhametov says.

Small and medium�sized enterprises watch public procure�

ment lists very carefully as this is the only way to survive during

an economic crisis. Competition is tough and the faster a com�

pany reacts, the sooner it can receive a public order.

When a bidder does not need to provide many documents

in order to obtain a guarantee, the process becomes faster

and thus the bidder gains an indisputable advantage. To

have a guarantee issued by AsiaCredit Bank, bidders need

to provide one document only � a resolution by the sole

member or minutes of a general meeting of shareholders to

obtain a bank guarantee. The only requirement is that the

bidder has no overdue debts.

"AsiaCredit Bank issues guarantees at the lowest price,

starting from KZT 5,000, while the average fee collected by

second�tier banks is between 0.2% and 1.5% of the guar�

antee amount. The special rates and conditions we offer

help our clients to cut their bid preparation costs and focus

on more important issues," Bolat Dosmukhametov added.

The Managing Director also said that documents could be

submitted to any branch of the bank in Almaty, Astana,

Aktau, Aktobe, Atyrau, Karaganda, Pavlodar, Petropavlovsk,

Ust Kamenogorsk, or Shymkent.

The Board of Directors of JSC "AsiaCredit Bank (Asia Credit

Bank)" has resolved preferment of the top managers of the

Bank.

Nugymanov Bauyrzhan Tabyldievich, who previously held

the position of Chairman of the Board of AsiaCredit Bank,

was entrusted with the issues of strategic development of the

Bank in the Board of Directors.

Formerly Deputy Chairman of the Management Board

Kopeshov Bulan Beisenbaevich is appointed as the

Chairman of the Management Board of JSC "AsiaCredit

Bank (Asia Credit Bank)" from April 14, 2017. To his main

achievements can be attributed, the Bank's leading position

in issuing and maintaining of electronic money products in

the territory of the Republic of Kazakhstan, diversification of

the Bank's deposit portfolio, development of retail lending,

and laid the foundation for the transformation of the Bank

into a high�tech financial institution.

The Board of Directors is confident that due to new appoint�

ments the Bank will pace by new round of development and

further strengthening of its positions in the market.

Having led the way in financial and HR outsourcing in Russia

since it was founded in 1994, Intercomp today is a leader in

its field in terms of the volume and quality of the services that

the company offers, assisting clients to ensure that their

business processes are highly efficient.

MMEEMMBBEERR NNEEWWSS

ASIACREDIT BANKOFFERS BID GUAR�ANTEES AGAINST ASINGLE DOCUMENT

Bolat Dosmukhametov, Managing Director, AsiaCredit Bank

Spring 2017 / 17

unwanted fugitive dust from unpaved roads constructed

with any soil type. Dust Stop will not run off in the rain and is

effective in long periods of dry weather. The use of the prod�

uct will enhance the engineering properties of the road

reducing maintenance requirements. Dust Stop can also be

used on tailings piles susceptible to wind and water erosion.

Dust Stop increases California Bearing Ratio values � increa�

sing CBR correlates to reduced rolling resistance and re�

duced operational costs of a road.

Super concentrated liquid form of products reduces ship�

ping costs. Where it can be applied:

• Haul Roads

• Access/Secondary Roads

• Logging Roads

• Construction Sites

• Parking Lots

• Back Lanes and Trails

• Tarmacs, Runways & Helipads

• Tailings

• Erosion Control

The products can be applied using standard road building

equipment and techniques:

Throughout Appleby College's 106�year history, the school's

campus and facilities have evolved through innovation and

investment to enhance the educational experience of its stu�

dents.

This past year has been no exception as

planning for Appleby's next major addi�

tion � a new, world�class 80,000�square�

foot athletics and student life space has

been underway.

Breaking ground in March 2017, con�

struction of the A.W.B. Alumni Centre

for Athletics and Student Life, the

largest building project in the school's history, is now in

progress and is scheduled to open in late Fall 2018.

Named in honour of the A.W.B. Charitable Foundation which

has pledged $7.5 million in support of the new athletics and

student life space as well as Appleby's student financial

assistance programme, the new building will provide an

exciting opportunity to expand the school's co�curricular

programme which is so vital to the students' educational

experience at Appleby.

Designed to transform Appleby's capacity for indoor athletics

and training programmes, the $32 million building will include:

• Three gyms (a double gym and a single gym that

converts into a 1,000�seat auditorium for school

assemblies, guest speakers and full school events)

• New cardio, yoga, spinning, workout spaces and athletic

therapy clinic

• Six classrooms and additional study and group meeting

spaces

• Campus room that will become a central gathering place

• Alumni reception/boardroom celebrating the school's

history and heritage

• College Shop

For more information on Appleby's A.W.B. Alumni Centre

for Athletics and Student Life, please visit

www.appleby.on.ca/awbalumnicentre

The Schulich Executive Education Centre (SEEC) in the

Schulich School of Business at York University first posi�

tioned itself as a global business school in 1989, offering

custom�tailored programs for business executives and man�

agers from Russia, Ukraine, Kazakhstan and other countries

of the former Soviet Union.

Since that time, SEEC organized two major programs fund�

ed by the Canadian government aimed at promoting East�

West enterprise exchanges and a Canada�Russia Program

in Corporate Governance. Other training programs have

been funded by private or public sectors including courses

16 / Spring 2017

Bringing together more than 750 pro�

fessionals at our offices in Moscow,

St. Petersburg, Nizhny Novgorod,

Ryazan, Kyiv, Almaty, Astana and

Baku, Intercomp guarantees a single

standard of high�quality service

throughout all the regions in which it

operates.

According to an independent rating by Expert magazine,

Intercomp is recognized as Russia's largest accounts out�

sourcing company. Intercomp has consistently taken top

place since the ranking was first established in 2009.

"Green Garden" is the new residential estate in

the business�heart of Astana but at the same

time, is a calm district with a few buildings.

WWhhyy ""GGrreeeennGGaarrddeenn"" iiss aa hhiigghhssttaannddaarrdd rreessiiddeennttiiaall pprrooppeerrttyy??Here there are no passers and cars, because

"GreenGarden" is one of the few residential

properties with a completely enclosed territo�

ry, 24�hour security and video surveillance

systems. During the frosts in Astana, you can leave your car

in a heated parking lot and not worry about your car not start�

ing in the morning.

"GreenGarden" houses are built with waterproof and frost

resistant ceramic brick. Its 69cm thickness along with its

units with custom triple glass in the extended space pre�

serve the heat in the apartments and protect against the

noise from outside.

You will never be bothered by the noise of your neighbours,

because the floor is made of hollow slabs, which inhibit the

sound. Silent Mitsubishi elevators operate in the house.

All windows are equipped with electric shutters that protect

against the sunlight, noise and prying eyes. Calm and cozy

plants like pines, birches, Lombard poplars and wild ashes,

bring you close to the park landscape. There are shelter

sheds for warm evenings, a private fountain and play�

grounds for children. The house and the surrounding area

are lighted at night.

Each flat is furnished and equipped with all the household

appliances necessary. The apartments are equipped with

warm floors. The house entrance is made of granite. Highly

qualified operation services keep track of the propriety.

Astana, 19 Bayan Sulu Str.

REFERENCE SERVICE

8 771 033 33 33

e�mail: info@green�garden�astana.com

The major conference, hosted by Chukotka Governor

Roman Kopin and Magadan Governor Vladimir Pecheny,

took place in Moscow on April 27. Kinross was a major

sponsor of the event. The purpose of the conference was to

boost the investment climate in the northeast of Russia by

sharing best practices, along with raising investors’ aware�

ness of the benefits of working in the region.

Claude Schimper, Regional Vice President, Russia, Kinross

Gold, speaking on the session “Realizing the Investment

Potential of the Mining Industry in Russia’s Northeast”,

emphasized Kinross major contribution to the development

of local communities in Chukotka and Magadan region as

well as the importance of the region in Kinross’ project port�

folio. Stanislav Borodyuk, Vice President and Head of the

Moscow Office, moderated the session.

CCaannRRooss GGrrpp IInncc.. brings to

your attention innovative

products for soil stabiliza�

tion, road construction and

dust prevention EEaarrtthhZZyymmee

and DDuusstt SSttoopp.

EEaarrtthhZZyymmee is a non�toxic highly concentrated liquid soil sta�

bilizer used on clay based soils that results in a reduction of

road maintenance costs due to increased and lasting com�

paction and strength values. The product is 100% biodegra�

dable. 1liter of EEaarrtthhZZyymmee treats 33m3 of soil, which means

it is a cost�effective product. Once applied, lasts for several

years. Use of the product significantly reduces the cost to

build the road surface as well as consecutive long term

maintenance cost.

Dust Stop Liquid Concentrate (DSLC) � is a polymer dust

control/stabilization product that effectively eliminates

ASSOCIATION NEWSASSOCIATION NEWS

YOUR HOUSE IS INTHE BUSINESS�HEART OF ASTANA

KINROSS GOLDSUPPORTS RUSSIA’S“NORTHEAST:TERRITORY OFDEVELOPMENT”CONFERENCE FORSECOND YEARRUNNING

APPLEBY COLLEGEBREAKS GROUNDON THE A.W.B.ALUMNI CENTREFOR ATHLETICSAND STUDENT LIFE

SCHULICHEXECUTIVEEDUCATIONCENTRE WORKSTO GROW FUTURELEADERS AROUNDTHE GLOBE

Spring 2017 / 19

In accordance with the decision of the Government of the

Republic of Kazakhstan, citizens of all member countries of

the Organization of the Economic Cooperation and Deve�

lopment (OECD), can travel to Kazakhstan visa free up to 30

days, starting from January 1, 2017. Canada is a member of

the OECD. This applies only to Canadian passport holders.

AASSTTAANNAA:: KKaazzaakkhhssttaann hhaass iinnttrroodduucceedd vviissaa��ffrreeee ttrraavveell ffoorr

aallll EEuurrooppeeaann UUnniioonn ((EEUU)) aanndd OOrrggaanniizzaattiioonn ffoorr EEccoonnoommiicc

CCooooppeerraattiioonn aanndd DDeevveellooppmmeenntt ((OOEECCDD)) ccoouunnttrriieess ffoorr uupp ttoo

3300 ddaayyss..

The Kazakh Foreign Ministry has also simplified visa rules for

a further 48 countries including Malaysia, Monaco, the

United Arab Emirates, and Singapore � The number of visa

categories will be decreased from fourteen to three.

The move is designed to "promote a more favourable invest�

ment climate" for business and leisure travel.

Up until now, visitors had to pay 35 pounds for a single�entry

tourist visa, complete a visa application form, have hotel

booking confirmations, and a letter addressed to the con�

sular section of the Kazakhstan embassy.

The visa�free travel is for: Australia, Austria, Belgium, Bulgaria,

Canada, Chile, Croatia, Cyprus, Czech Republic, Denmark,

Estonia, Finland, France, Great Britain, Germany, Greece,

Hungary, Iceland, Israel, Ireland, Italy, Japan, Korea, Latvia,

Lithuania, Luxemburg, Malaysia, Malta, Mexico, Monaco,

Netherlands, New Zealand, Norway, Poland, Portugal, Roma�

nia, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzer�

land, Turkey, UAE and US.

Last month, Kazakhstan's neighbor Uzbekistan also intro�

duced visa�free travel for citizens from 27 countries.

KKaazzaakkhhssttaann''ss AAmmbbaassssaaddoorr ppaarrttiicciippaatteedd iinn aabbuussiinneessss sseemmiinnaarr iinn MMoonnttrreeaall

On February 15, 2017 in Montreal, H.E. Konstantin Zhigalov,

Ambassador of Kazakhstan to Canada participated as a

keynote speaker in a business seminar that was organized

by Export Quebec and dedicated to Kazakhstan. The main

goal of the event was to introduce Canadian companies to

the country's current socio�economic development and

prospects of bilateral business partnership. The seminar

was attended by representatives of the Ministry of Economy,

Science and Innovation of Quebec, Export Development

Canada, as well as more than 20 mining and engineering

companies of Quebec.

In his presentation, the Ambassador highlighted the key pri�

orities of the President's State of the Nation Address "Third

Modernization of Kazakhstan: Global Competitiveness",

"100 concrete steps" Plan and the "Nurly Zhol � Path to the

Future" Program, which provide for the further transforma�

tion of Kazakhstan's economy, development of transporta�

tion and logistics, industrial, energy, housing and social

infrastructure in Kazakhstan. Guests and participants of the

seminar were informed about preparations for "EXPO�2017"

International Exhibition, plans on creation of an Astana

International Finance Center, "Western Europe � Western

China" project and other large�scale infrastructural projects.

18 / Spring 2017

in metallurgical and commercial innovation, management

training and, most recently, the mining sector.

The Global Executive Program in Mining Leadership was

developed at the Schulich School of Business and has been

discussed extensively with business executives from Russia,

Kazakhstan and Mongolia. SEEC adopts the most advan�

ced approaches of this program in order to design and

deliver high�quality executive learning programs. SEEC's

clients come from many sectors globally, including, govern�

ment, finance, technology, mining and health care. Among

the mining companies are Kinross Gold, Vale, Votorantim

and Xstrata Nickel.

In April 2017, SEEC's Asian Business Management Program

and the Beijing Institute of Education jointly launched the Sino�

Canadian Centre for Teachers Professional Development,

where Chinese and Canadian education experts will work

together to deliver highly�specialized and practical training pro�

grams to Chinese primary and secondary teachers. The launch

was attended by John McCallum, Canada's Ambassador to

China, and Alan Middleton, SEEC Executive Director.

In collaboration with SEEC, the York Entrepreneurial Deve�

lopment Institute (YEDI) offers a rigorous start�up incubator

program that is being opened up to international entrepre�

neurs. Participants receive practical training, high�calibre edu�

cation, mentorship and access to investor funding opportuni�

ties. YEDI offers this program as an intensive two�week session

or a full semester program that include formal academic lec�

tures by SEEC instructors, workshop�based training in entre�

preneurship and mentorship by key industry leaders.

For more information, visit seec.schulich.yorku.ca

• Combination brings together two leading global law firms

• US practice will have approximately 1,000 lawyers

• New York office will rank among the city's 25 largest with

more than 300 lawyers

• Washington, DC office will grow to more than 130 lawyers

• Global firm will have more than 4,000 lawyers in 58 offices

and 32 countries

Chadbourne & Parke and Norton Rose Fulbright announced on

February 21, 2016 that they will combine in the second quarter

of 2017. The combination significantly strengthens both firms'

client offerings and practice capabilities, particularly in the

areas of energy and infrastructure, banking and corporate

finance, project finance, bankruptcy and financial restructuring,

litigation, dispute resolution and regulatory law.

Following the combination, the firm will have more than

1,000 lawyers in the US, including more than 300 lawyers in

New York alone. The global firm will comprise more than

4,000 lawyers in 58 offices spanning 32 countries.

Following the combination, the global firm will be known as

Norton Rose Fulbright.

AAlliinnggaa CCoonnssuullttiinngg GGrroouupp is

pleased to announce the latest

addition to its group of compa�

nies. AB Services recently joined

forces with Alinga Consulting to

offer recruitment and executive

search services. Alinga Managing Partner Chet Bowling and

AB Services Managing Director Dan Hill formally combined

offices last week. The two companies are excited to present

their joint package of services � recruitment, audit & tax,

accounting &payroll and legal � to both domestic and interna�

tional companies in Russia.

Alinga and AB Services have formed a cooperative profes�

sional structure that will enable clients to benefit from the

diverse talents of its wider team. The combined management

of the two groups offers extensive experience and steady

leadership. Mr Bowling founded Alinga in 1999. Originally from

the South American country of Guyana, he received his high�

er education in Russia and an MBA from Kingston University in

the UK and has since firmly established himself as a prominent

figure in Moscow. Mr. Bowling manages a large team, and the

practice also includes a law firm � Podolsky Vasiliev & Klein �

led by American Daniel Klein.

AB Services is managed by Dan Hill and Lorenz McDougall

(from the US and Britain, respectively), both former Big 4

accounting executives with over 20 years living and working

in Russia. Messrs Hill and McDougall founded AB Services

in 2011 in order to utilize their rich experience in serving the

international business community.

Mr. Hill has high expectations for the joint venture: "Joining

forces allows us to offer an expanded menu of services to

both Alinga's clients and AB Services' clients. We are look�

ing forward to working closely with Chet and his highly pro�

fessional team at Alinga! Delivering exceptional service is

the key focus at both companies."

The group is looking forward to serving the wider communi�

ty and taking advantage of its combined talents to serve

companies in Moscow and across the regions of Russia. "It

is a pleasure to work with a like�minded company," said

Bowling. "Having an international approach to management

that utilizes local talent is the ideal combination."

ASSOCIATION NEWSASSOCIATION NEWS

Official opening of the Sino�Canadian Centre for TeachersProfessional Development in Beijing, April 12, 2017

NORTON ROSEFULBRIGHTMERGES WITHCHADBOURNE &PARKE

ALINGA CONSULTINGGROUP MERGESWITH AB SERVICES

MMOOSSCCOOWW,, MMAAYY 1122,, 22001177

IMPORTANT! FROMJANUARY 1, 2017,CITIZENS OFCANADA TOTRAVEL VISA�FREETO KAZAKHSTANUP TO 30 DAYS

DDEECCEEMMBBEERR 3311,, 22001166

AMBASSADORZHIGALOV SPEAKSTO BUSINESSLEADERS INMONTREAL

FFEEBBRRUUAARRYY 1166,, 22001177

Ambassador Zhigalov stressed that the successful modern�

ization of Kazakhstan's economy goes hand to hand with a

constitutional reform proposed by President Nazarbayev.

The essence of the reform is to transfer a significant part of

the powers from the Head of the State to the Cabinet and

Parliament, whose role in the country's political life will be

extended largely.

Canadian companies have been invited to participate in the

implementation of the objectives of Kazakhstan's new eco�

nomic policy in the form of investments, transfer to our coun�

try knowledge and new technologies. Their representatives

welcomed the decision of Kazakhstan's Government to pre�

pare a new Code "On Subsoil and Subsoil Use", initiatives to

introduce new preferences for investors, including the lifting

of the visa regime for the countries that are largest investors

in Kazakhstan's economy.

On February 22 in Ottawa, Mr. Konstantin Zhigalov, Ambas�

sador of Kazakhstan to Canada, discussed President Nazar�

bayev's Address to the Nation 2017 and proposed Con�

stitutional reforms with the members of the House of Com�

mon's Standing Committee on Foreign Affairs and Inter�

national Development, Canadian foreign service officials and

leading experts.

In his annual address to the nation, Nazarbayev announced

five main priorities as part of what he described as

"Kazakhstan's third stage of modernisation". The priorities are

aimed at ensuring economic growth and supporting the coun�

try to become one of the top 30 most developed countries in

the world by 2050. The five priorities are: Accelerationof tech�

nological modernisation of the economy, improved business

environment, macroeconomic stability, improved quality of

human capital and institutional reforms, including improved

security and more action to tackle corruption.

President Nazarbayev said in his annual address: "I am set�

ting the task of ensuring the implementation of the Third

Modernisation of Kazakhstan. It is necessary to create a

new model of economic growth that will ensure the country's

global competitiveness." He added: "This modernisation is

not a plan to combat current global challenges, but a reli�

able bridge to the future, to meet the objectives of

Kazakhstan 2050 Strategy. It will be carried out on the basis

of the 100 Concrete Steps Plan of the Nation."

The annual address followed a special announcement given

by the President last week, in which he set out bold plans to

increase the powers of parliament. President Nazarbayev

stated that these constitutional reforms are aimed at further�

ing the democratic development of Kazakhstan, as the

Government will be accountable to parliament.

During his presentation, Ambassador Zhigalov briefed about

the measures taken by Kazakhstan's Government during the

first and second stage of modernization in 1990's and 2000's

that made the country one of the 50th most competitive coun�

tries in the world. He also touched upon major achievements

in socio�economic development and building a robust middle

class economy, President Nazarabyev's international initia�

tives aimed at promoting global and regional security, peace�

ful dialogue and strategic stability across Eurasia.

Canadian MPs acknowledged the importance of Kazakhstan's

ongoing institutional reforms and capacity�building measures

envisioned by the 100 Steps Plan and supported the

Government's efforts in improving the investment climate and

promoting small and medium�sized enterprises.

Members of the Committee on Foreign Affairs and Inter�

national Development also discussed their visit to Astana in

January 2017 and fruitful discussions with Prime Minister

Bakhytzhan Sagintayev, Senate Chairman Kassym�Jomart

Tokayev, Mazhils Chairman Nurlan Nigmatulin, Minister of

Religious and Civil Society Affairs Nurlan Yermekbayev,

Chairman of the Mazhilis Committee on Foreign Affairs,

Defense and Security Maulen Ashimbayev, and Deputy

Foreign Minister Yerzhan Ashikbayev.

In this regard, the meeting participants reviewed recent

developments in bilateral relations and agreed to continue

close cooperation on a number of issues, including the

upcoming celebration of the 25th Anniversary of Ka�

zakhstan�Canada diplomatic relations in April 2017.

An official reception to mark the 25th Anniversary is sched�

uled for April 7, 2017 in Ottawa.

ASSOCIATION NEWS

Spring 2017 / 21

KAZAKHSTAN'S"THIRDMODERNISATION"DISCUSSED WITHCANADIAN MPs

FFEEBBRRUUAARRYY 2222,, 22001177

Spring 2017 / 23

active introduction of cutting�edge technologies in the

commercial technology sector. The speaker noted that the

producer adheres to the policy of switching to the unmanned

cars and expressed hope that Kazakh colleagues will be able

to follow suit," the press release read. Bernardeli also said the

range of Iveco cars manufactured in Kostanai was adapted

for Kazakhstan to meet the needs of customers in this market,

including climatic conditions and road conditions of the south�

ern and central regions of the country.

"We are seeing a rapid development of production in

Kazakhstan and the desire of our innovative partner

AllurGroup to test and implement innovations and technolo�

gies; we think that models of futuristic cars will be available to

the Kazakhstan market in the future," he said. Kostanai's plant

was the first plant to switch to the full�cycle production

of cars and became a springboard for the formation in the

country of adjacent production of auto components and spare

parts, such as batteries, tires, glasses, electrical engi�

neering, among other technological products while the plant

is also developing commercial transport. The production site is

working on the localisation of processes and today, in addition

to assembling, is carrying out welding and painting of parts in

some models of commercial vehicles. Commercial vehicles

meet all European standards and regulations of the Euro 5

type of fuel, and they also have a number of improved techni�

cal qualities. The share of localisation of technology is some 33

percent and in specialised assemblies is up to 50 percent.

With the use of new technologies, it was possible to reduce the

operational cost of equipment by 4 percent. To ensure the

maximum productivity Iveco has done considerable work to

create the best braking system for all types of car parts. These

innovative solutions are also applied in models that are being

assembled in Kostanai today.

On March 15�16, 2017, H.E. Konstantin Zhigalov, Ambas�

sador of Kazakhstan to Canada paid an official visit to the

province of Saskatchewan.

In Regina, Ambassador Zhigalov was introduced to the

Legislative Assembly of Saskatchewan and was warmly wel�

comed by both The Honourable Don Morgan, Deputy

Premier (Saskatchewan Party) and Mr. Trent Wotherspoon,

Leader of the Opposition (New Democratic Party). The

Ambassador was received by Her Honour the Honourable

Vaughn Solomon Schofield, Lieutenant Governor of Sas�

katchewan. He also had talks with the Honourable Jeremy

Harrison, Minister of the Economy, Ms. Cammy Colpitts,

Assistant Deputy Minister of Agriculture, Mr. Chris Dekker,

President & CEO of the Saskatchewan Trade and Export

Partnership (STEP) and other representatives of the province.

Furthermore, the Ambassador visited the Global Institute for

Food Security based at the University of Saskatchewan and

met its representatives and professors.

In Saskatoon, Ambassador Zhigalov met with Mr. Charlie Clark,

Mayor of the city of Saskatoon and had very productive talks

with Mr. Tim Gitzel, President & CEO of Cameco Corporation

and other top�managers of the company. The parties expres�

sed satisfaction with the results of long�term, mutually beneficial

22 / Spring 2017

DDeelleeggaattiioonn ffrroomm KKaazzaakkhhssttaann ppaarrttiicciippaatteedd iinn

PPDDAACC��22001177A delegation from Kazakhstan headed by Mr. Timur

Toktabayev, Vice�Minister of Investments and Development

visited Toronto and Ottawa on March 6�10, 2017. Among the

delegates were Director of the Subsoil Use Department Mr.

Ruslan Baimishev, deputy CEO of KazGeology National

Company Mr. Eldar Tagash and others. In Toronto, the dele�

gation participated in the annual Prospectors & Developers

Association of Canada (PDAC) International Convention, Trade

Show & Investors Exchange, which includes over 900

exhibitors and 22,000 attendees from 125 countries.

As in previous year, a national booth of Kazakhstan was organ�

ized in order to provide the visitors and guests with the latest

information on the country's mining sector and its potential,

reforms in the area of subsoil use and mining industry. On the

margins of the Convention, the delegates held a series of

meetings, including with Mr. Al MacDonald, Mayor of North

Bay and Mr. George Burton, president of Invest North Bay

Development Corporation, representatives of Quebec's Mi�

nistry of Energy and Natural Resources, Ontario's Ministry of

Northern Development and Mines, Laurentian University, and

many companies, including Cameco Corporation, RioTinto,

Kinross Gold Corp., GeoTech, Phoenix Geophysics and

others. The delegation also participated in the Eurasia Mining

Conference organized by the Canada Eurasia Russia

Business Association (CERBA), which takes the role of a

secretariat of a Kazakhstan � Canada Business Council

(KCBC). One of the main topics of the KCBC Mining and

Natural Resources Working Group was discussion of the cur�

rent preparations to the Kazakhstan � Canada Business Coun�

cil's 2nd meeting that will be organized in Astana in June on the

margins of EXPO�2017.

In Ottawa, Kazakhstan's delegates met with Ms. Stefania

Trombetti, Director General, Policy and Economics Branch,

Lands and Minerals Sector, Natural Resources Canada and

held the detailed exchange of information with Canadian col�

leagues regarding Canada's regulatory environment for min�

ing, tax incentives for exploration, and research & develop�

ment and other issues.

In general, the visit of Kazakhstan's delegation to Canada

allowed to establish new business connections and expand

the existing partnerships, as well as to introduce the Ca�

nadian and international business community with the main

aspects of Kazakhstan's new Subsoil Code, which is cur�

rently being developed in accordance with the Third

Modernization Program aimed at ensuring the global com�

petitiveness of the country.

GGoovveerrnnmmeenntt ttoo llaauunncchh aaddddiittiioonnaall 441100 aaggrriiccuull��

ttuurraall ccooooppeerraattiivveess ttoo aassssiisstt ssmmaallll ffaarrmmss

Astana Times, 13 March 2017

Four�hundred�and�ten agricultural cooperatives will be esta�

blished in 2017 to support small and medium�sized farms.

The cooperatives will help farms buy equipment, store and

transport products, provide veterinary services, organize the

supply of fodder and agrochemical products and help with

lending. Vice Minister of Agriculture of Kazakhstan Kairat

Aituganov said the program was launched last year and 157

cooperatives are already cooperating with 15,000 farms.

The cooperatives created more than 100 milk collecting cen�

tres and 7,000 forage bases. In general, the indicative plans

are executed in all regions, according to Kazinform.

Aituganov reported that as of March 9, all tasks have been

achieved in all regions of the country. The Ministry of

Agriculture developed approaches to involve small and

medium�sized farms in agricultural cooperation under the

State Program for the Development of the Agricultural and

Industrial Complex for 2017�2021, an initiative of Kazakh

President Nursultan Nazarbayev.

The vice minister reported that financing of the cooper�

atives by the fund of financial support became the top pri�

ority of the fund. He emphasized that the initial payment is

made at the expense of investment subsidies. The fund imple�

mented new directions of subsidizing farmers: milk produc�

tion cheapening, fattening of bulls and lambs, cheapening

of the cost of equipment and machinery up to 50 per�

cent and subsidies to cooperatives for reimbursement of VAT.

Tripartite plans have been concluded between the min�

istries of agriculture, labour and social protection of the

population and city and regional administrations. A single

call centre for consultations on cooperation and a website

have been created. A group of experts has been trained on

the basis of Atameken scientific and production enterprise to

implement the new program. Special information materials,

including booklets and videos for training in the regions are

used as well.

According to the vice minister, training seminars were

organised in all 165 districts and cities of the state from Feb.

1 to 22 this year. As of March 9, 75 farms have purchased

equipment using the state program. The ministry plans to

allocate 50 billion tenge ($157.9 million) this year to sup�

port small and medium�sized farms.

IInndduussttrryy eexxppeerrttss ooppttiimmiissttiicc aabboouutt iinnttrroodduuccttiioonn

ooff aauuttoonnoommoouuss vveehhiicclleess iinn KKaazzaakkhhssttaann

Astana Times, 13 March 2017

Iveco representative in Kazakhstan Lorenzo Bernardeli said

he was optimistic about the future of autonomous vehicles in

Kazakhstan during an international forum in Astana, according to

the press services of Agromashholding and SaryarkaAvtoProm.

Its partner in Kazakhstan will most likely be the AllurGroup

assembly plant in Kostanai. "During the forum, the represen�

tative of Iveco, Lorenzo Bernardeli, presented futuristic con�

cepts of the cars with innovative solutions. Iveco is part

of the CNH Industrial Corporation and is demonstrating an

ASSOCIATION NEWSASSOCIATION NEWS

PDAC 2017, AGRICUL�TURAL COOPERA�TIVES TO ASSISTSMALL FARMS, INTRO�DUCTION OF AUTONO�MOUS VEHICLESIN KAZAKHSTAN.

MMAARRCCHH 1144,, 22001177

AMBASSADOR OFKAZAKHSTAN VISITEDSASKATCHEWAN

MMAARRCCHH 2200,, 22001177

With the Hon Vaughn Solomon Schofield, Lieutenant Governor ofSaskatchewan

with the Honourable Jeremy Harrison, Saskatchewan Minister ofthe Economy

with Mr. Charlie Clark, Mayor of the city of Saskatoon

Spring 2017 / 25

"Today, we are ready to present our vision of the solution to

the task set by the President. Kazakh Invest has been formed

on the basis of the old KAZNEX Invest with its complete

restructuring. I was appointed the chairperson of the Board

of Directors of the company. We deliberately raised its status

to the level of a prime minister in order to stress the impor�

tance of our priorities in investment policy," Sagintayev said

during an April 27 briefing for the diplomatic corps at

the Ministry of Foreign Affairs on the strategy and company,

noting both are still under development.

Sagintayev told the gathering, which included ambassadors

and top diplomats from around 60 countries as well as inter�

national organisations, the strategy and company are an

attempt to reload Kazakhstan's approach to attracting foreign

investment to maintain the lead in this sphere and increase

non�oil investment. He said the new strategy and compa�

ny would also assist investors operating in the regions.

Head of the Vienna Office of the Investment Climate Practice

Group of the World Bank Group's Trade and Competiti�

veness Global Practice Ivan Nimac presented the draft of

the National Investment Attraction and Retention Strategy.

The strategy is a roadmap to diversify the share of investments

with high added value focused on increasing efficiency, he said.

"The types of investments must be changed to facilitate the

process of economic diversification. They should be focused

not only on raw materials or natural resources, they should move

towards other types of investments: qualitative and quantita�

tive. We are looking for more effective investments to ensure

economic growth and modernisation," Nimac said. Nimac said

the strategy's goals would be achieved by attracting new

types of investments, increasing the benefits of existing foreign

direct investments, conducting strategic privatisation and using

more widely public�private partnerships (PPPs).

Kazakh Minister for Investments and Development Zhenis

Kassymbek said the new strategy will be developed by the

end of June and focus on defining priority investment indus�

tries and developing an Investment Project Map, identify�

ing target companies and international investment funds

and improving the investment environment, investment

attracting mechanisms and financial instruments.

The strategy was developed with the help of World Bank

experts and incorporates recommendations from the

Organisation for Economic Cooperation and Development,

said Sagintayev. Chairperson of the Board of Kazakh Invest

Maksat Kabashev and Kassymbek briefed the diplomats on

the company's goals, tasks and interaction with state bodies

and investors. "Kazakh Invest is not only a new name; it is

the emergence of a whole new paradigm. Our focus is on

investors. We find new investors, but we don't forget about

the existing ones. We know what they want and we want

them to work in Kazakhstan. The main principle of Kazakh

Invest is to help, without hindering," Kabashev said. "This

means moving to a more efficient, rational and business� ori�

ented form of attracting investment to the country."

Kazakh Invest will operate on a "one�stop shop" and will

accompany investors through the entirety of their projects,

from pitching them opportunities, to preparing investment

proposals to the implementation and functioning of the busi�

ness, Kassymbek said. The company has offices abroad and

in all Kazakh regions. The board of directors headed by the

prime minister also includes heads of ministries and top�level

foreign consultants. "To date, nineteen sectors have been cre�

ated in the regions to provide services to investors. In the

regions, representatives of Kazakh Invest will be given

the status of external advisors to akims (governors and

mayors) of the regions and cities of Astana and Almaty,"

Kassymbek added. Kassymbek said a monitoring system will

also be introduced allowing investors to monitor online the

progress of the services they receive.

Kassymbek also updated the diplomatic corps on mea�

sures that have already been carried out, including sim�

plification of licensing procedures reducing required per�

mits, encouraging public�private partnerships, establishing

free economic zones, adopting a new law on arbitration

and appointing an investment ombudsman.

These measures have resulted in foreign investment in 2016

of $20.6 billion, which is a 40 percent increase over 2015.

Kazakhstan currently ranks 35th on the World Bank's (WB)

Doing Business Index.

Kassymbek also praised the activities of organisations such

as the Council of Foreign Investors under the President, the

Council for Improving the Investment Climate under the

Government, the Kazakhstan Foreign Investors Council Asso�

ciation, the European Business Association of Kazakhstan

and the Investment Ombudsman Institute.

On March 24, 2017 Konstantin Romanov, an Associate Pro�

fessor of the Faculty of Foreign Languages and Area Studies of

Lomonosov Moscow State University, presented his new man�

ual "Introduction to Canadian Studies for Russian Students".

The manual was published by "International Relations" Pub�

lishing House. It is a book on Canada written in English and

published in Russia. It is aimed at students of international rela�

tions, North American Studies, Culture Studies and other

humanities. Most of the source materials for this book were col�

lected during the author's Post�Doctoral Research Fellowship

at the School of Canadian Studies of Carleton University in

Ottawa in 2012�2013, sponsored by Government of Canada

Post�Doctoral Research Fellowship (PDRF).

The book launch took place at Moscow State University and it

was attended by faculty members of the Faculty of Foreign

Languages and Area Studies, students and alumni, as well as

by colleagues from other institutions. A welcoming address by

Igor Bochkov, the Deputy Dean for International Collaboration,

24 / Spring 2017

partnership between Cameco Corporation and Kazatomprom

National Company. It was agreed to continue the joint efforts

aimed at preparing and conducting the 2nd meeting of a

Kazakhstan � Canada Business Council (KCBC) in June in

Astana, given that Mr. Tim Gitzel is a Co�Chair of the KCBC

(from Kazakhstan side, Co�Chair is Mr. Askar Zhumagaliyev,

CEO of Kazatomprom).

Representatives of Saskatchewan were briefed about the main

aspects of the Third Modernization Program of Kazakhstan, five

institutional and constitutional reforms, national plan "100 Con�

crete Steps", the upcoming Astana EXPO�2017 and other ini�

tiatives proposed by the leadership of the country.

The visit confirmed the potential of deepening cooperation

between Kazakhstan and Canadian provinces, which play an

important role in developing Canada's global trade, econom�

ic and people�to�people ties. Both parties noted the need to

further promote bilateral engagement in the areas of mining,

especially the uranium industry, agriculture (machinery and

livestock breeding), education and establish new mutually be�

neficial ties at the level of small and medium business.

On April 7, The Embassy hosted a reception and concert by

renowned Kazakh violin virtuoso Ms. Aiman Mussakhajayeva,

who traveled approximately 19.000 kilometers from Astana to

Ottawa and back, to perform at Global Affairs Canada.

Two Canadian dignitaries Ms. Pamela Goldsmith�Jones,

Parliamentary Secretary to the Minister of International

Trade, and The Honorable Mr. Robert Nault, Chair of the

Standing Committee on Foreign Affairs and International

Development, delivered their welcoming remarks, where

they highlighted the strong and deepening bilateral ties

between our countries, praised Kazakhstan's achievements

within 25 years of its independence, emphasized its leader�

ship in global issues, expressed their readiness to further

expand the relations.

H.E. Konstantin Zhigalov,

Ambassador of Kazakhstan

to Canada, briefly described

the key achievements of a

quarter century relations

and emphasized Kazakh�

stan's desire to promoting

even strong and friendly ties

with Canada.

Ms. Mussakhajayeva brilliantly performed the masterpieces of

the great classical music composers such as Tchaikovsky's

"Melody", Brahm's "Sonata for Violin and Piano No. 3 in Re

minor", Manuel de Falla's "Spanish dance" etc. The perform�

ance of Kazakh violin virtuoso was very well received and the

guest gave her a standing ovation.

See more at: http://mfa.greengo.kz/kz/ottawa/content�

view/reception�and�concert�to�mark�25th�anniversary�of�

diplomatic�relations#sthash.GxyfUih6.dpuf

Kazakh Prime Minister Bakytzhan Sagintayev and other top

officials presented April 27 the outlines of the draft National

Investment Attraction and Retention Strategy and the

recently created Kazakh Invest national company as part of

efforts to further attract foreign capital.

ASSOCIATION NEWSASSOCIATION NEWS

RECEPTION ANDCONCERT ATGLOBAL AFFAIRSCANADA, DEDICATEDTO THE 25thANNIVERSARY OFTHE DIPLOMATICRELATIONS BETWEENKAZAKHSTAN ANDCANADA

AAPPRRIILL 77,, 22001177GOVERNMENTEXPLAINS NEWFOREIGN INVEST�MENT STRATEGY,CREATION OFKAZAKH INVESTNATIONAL COMPANY

AAPPRRIILL 2288,, 22001177

PPAARRTTNNEERRSS'' NNEEWWSS::

UNIVERSITY�LEVELMANUAL ONCANADIAN STUDIESLAUNCHED ATMOSCOW STATEUNIVERSITY

Spring 2017 / 27

Approaching the end of the year, CERBA Kazakhstan

Chapter celebrated by hosting a Christmas Eve Bowling

Tournament on the 15th of December at Bowling Centre

"Cosmo". The get�together was organized by Taskyn Kosh�

man, CERBA Kazakhstan Regional Director, KCBC Coor�

dinator and attended by more than 70 people, which were

then divided into competing 9 teams. After a cheerful and

eventful evening accompanied by an abundance of prizes

and fun the winning team turned out to be PetroKazakhstan

company.

On January 27th CERBA Kazakhstan Chapter held a Seminar

devoted to changes in work permit legislation, which took

place at the Holiday Inn Almaty hotel. It was held in cooper�

ation with the Employment centre of Almaty.

The main speakers were Alexey Chernov, Senior Manager,

Human Resources PetroKazakhstan company, CERBA

Kazakhstan Vice�Chairman who discussed recent changes

to the work permit legislation and Olga Nezgovorova, Head

of HR Schneider Group Kazakhstan projects, who shared

information on recent changes in legislation and registration

of foreigners.

Attendees also included honoured guest speakers such as

the Deputy head of the Center Mrs. Abuyeva Gaukhar

Zakirovna, who elaborated on the topic of work permit rules

with foreign employers and employees.

The moderator of the event was Taskyn Koshman, Head of

the Branch "The Canadian Business Association in Russia

and Eurasia" in the Republic of Kazakhstan, CERBA

Kazakhstan Regional Director, KCBC Coordinator.

26 / Spring 2017

opened the event. Several other

speakers contributed to the discus�

sion of the book: Natalia V. Karta�

sheva, the Acting Head of the De�

partment of Comparative Studies in

Literatures and Cultures, Tatyana R.

Kuzmina, the President of Russian

Association for Canadian Studies,

Nancy Clark, the Second Secretary

at the Embassy of Canada in Rus�

sia, and Andrei M. Ivanov, an Asso�

ciate Professor of Moscow State

University.

LOOKING BACKLOOKING BACK

LLOOOOKKIINNGG BBAACCKKCERBA SEMINAR ON

WORK PERMIT

LEGISLATION AND MAIN

CHANGESJJAANNUUAARRYY 2277,, 22001177

CERBA KAZAKHSTAN

CHRISTMAS EVE

BOWLING TOURNAMENTDDEECCEEMMBBEERR 1155,, 22001166

KAZAKHSTAN

Condor Petroleum Team The winner � PetroKazakhstan Team

From the left Ms. Taskyn Koshman, Mrs. Nataliya Chernova,Senior lawyer PetroKazakhstan � the winner team

DENTONS Team

Unicase Team

Mr. Alexey Chernov, Senior Manager, Human ResourcesPetroKazakhstan company, CERBA Kazakhstan Vice�Chairman

Mrs. Abuyeva Gaukhar Zakirovna, Deputy head of the Center theEmployment centre of Almaty

Mrs. Olga Nezgovorova, Head of HR Schneider GroupKazakhstan projects

Spring 2017 / 29

secure maintenance. These issues were discussed by spea�

kers Mrs. Gulzhan Nauryzbai, Head of Document Compiling

Department of public and private archives of the Central State

Archive of Almaty city, and Mr. Michael Betin, General Direc�

tor for Kazakhstan OSG Records Management.

On Saturday, December 17th 2016 СERBA Kazakhstan

chapter partnered with Internations Astana Group and Rixos

President Hotel Astana held a Wintertime special event �

CCaannaaddiiaann HHoocckkeeyy SSttaarrss PPuubblliicc TTaallkk � at the Irish Pub Rixos

Hotel Astana.

Special guests and headliners of this evening were Hockey

players from Barys Club: Kevin Poullin (goalkeeper), Kevin

Dullman (defence), Nigel Dowes (forward), Dustin Boyd (for�

ward) , Martin St.Peirre (forward) and Corey Trivino (for�

ward).

Guests of this event were able to ask the hockey players

questions as well as win lottery prizes. The event was fol�

lowed by live music provided by a DJ. All in all this was an

amazing evening with a relaxed and friendly atmosphere

and a chance to meet your favourite hockey players.

28 / Spring 2017

On Friday, March 3rd 2017 CERBA Kazakhstan Chapter ded�

icated this Seminar to issues of interest which have arisen

from tax and legal perspectives after an entity enters into the

international deal. Important aspects such as Corporate and

non�corporate loans, Secondment agreement, purchase

and sale of the share in capital, application of double tax

treaties and taxes in cross�border transaction were high�

lighted during the seminar as well as other topics. The event

was held at Rixos Almaty Hotel. Speakers included Aidar

Massatbayev and Alexandr Skorov. Aidar, a tax practice

counsel at Unicase Law firm and experienced worker with

tax agencies and successfully representing tax payers'

interests in courts of the Republic of Kazakhstan elaborated

on specifics of tax convention application and risks of tax

law application towards international contract, while

Alexandr, Finance Director, Pro Tax & Accounting LLP, pre�

sented the tax aspects of corporate and non�corporate

loans, the secondment agreement and transfer pricing. This

event was organized by event moderator Taskyn Koshman,

CERBA Kazakhstan Regional Director, KCBC Coordinator

and held both in Russian and English.

Event sponsored by:

On the 28th of April 2017 CERBA Kazakhstan chapter hosted

a seminar at the Holiday Inn Almaty hotel jointly with OSG

Records Management company, which was attended by

more than 60 people. The main parts of the seminar were

dedicated to important issues connected with document

safety and responsibilities of business companies for its

LOOKING BACK LOOKING BACK

CERBA KAZAKHSTAN

SEMINAR: CEO IS

ASKING: CROSS�BORDER

TRANSACTION �

TAX AND LEGAL

IMPLICATIONSMMAARRCCHH 33,, 22001177

CERBA KAZAKHSTAN

SEMINAR: WHAT IS THE

RESPONSIBILITY OF

BUSINESS FOR THE

SAFETY OF ITS

DOCUMENTS?AAPPRRIILL 2288,, 22001177

CANADIAN HOCKEY

STARS PUBLIC TALKDDEECCEEMMBBEERR 1177,, 22001166

BREAKFAST BRIEF

WITH H.E. SHAWN STEIL,

AMBASSADOR OF

CANADA TO

KAZAKHSTAN,

KYRGYZSTAN AND

TAJIKISTANMMAARRCCHH 2288,, 22001177

From the left, Mr. Aidar Massatbayev, Ms. Taskyn Koshman, Mr. Alexandr Skorov

From the left: Nigel Dowes � forward, Kevin Dullman � defence,Taskyn Koshman � CERBA Kazkahstan Regional Director, DustinBoyd �forward, Martin St.Peirre � forward, Kevin Poulin � goal�keeper, Correy Trivino � forward.

From the left, Mr. Michael Betin, Ms. Taskyn Koshman, Mrs. Gulzhan Nauryzbai

The seminar participants

The seminar participants From the left, speaker � Mr. Alexandr Skorov

From the left: H.E. Shawn Steil, Ambassador of Canada toKazakhstan, Kyrgyzstan and Tajikistan; Taskyn Koshman, CERBAKazakhstan Regional Director, KCBC Coordinator

Spring 2017 / 31

The events took place on December 5th in conjunction of the

visit of the Russian Ambassador HE Alexander Darchiev to

Vancouver. Initiative of this event belongs to the member of the

Vancouver Board, former Ambassador of Canada to Russia,

HE John Sloan and devoted to the potential for cooperation

between Canada and Russia across the Pacific. The area of

such cooperation includes such well discussed lately Chine

investment initiative as the New Silk Road, opportunities in

Arctic and North, exchange of experience in building up poli�

cies for supporting and development of the aboriginal popula�

tion and many other subjects.

The Roundtable was strongly supported and co�organized by

the Asia�Pacific Foundation of Canada (APFC). The panel of

speakers included vice�President of AFC, Eva Busza, former

minister of international Trade of Canada Hon. Stockwell Day,

former Ambassador of Canada to Russia, HE John Sloan, H.E.

Ambassador of Russia to Canada Alexander Darchiev, Chair of

the CERBA Vancouver Board of Directors, Erin Chutter.

The other participants of this event included representatives of

the local diplomatic community, business stakeholders, BC

provincial government, CERBA members and associates.

Many questions were asked about the current economic and

social climate at the Pacific Russia regions, industrial develop�

ment and opportunities to apply Canadian expertise in various

market sectors. It have been also emphasized by a number of

people an importance of rising awareness of the latest devel�

opments around the New Silk Road infrastructure initiative to

provide access for the Canadian companies to the substantial

global investment projects.

The participants of the event agreed to further continue dis�

cussions around the Trans Pacific Cooperation and encour�

aged CERBA to organize more events related to this subject.

30 / Spring 2017

In celebration of 25 years of official relations between Ka�

zakhstan, as well as most of the countries of the former

Soviet Union and Canada CERBA Kazakhstan chapter host�

ed a Breakfast Brief with H.E. Shawn Steil, Ambassador of

Canada to Kazakhstan, Kyrgyzstan and Tajikistan. This event

was held on March 28th 2017 at the Ramada Almaty Hotel. In

2017 Canada also celebrates 150 years of Canadian Con�

federation. While these celebrations remind us how far we

have come in developing our bilateral relations and our indi�

vidual countries, they also remind us how fragile the gains

can be and how important it is to persevere. Ambassador

Steil shared his thoughts on the role Canada and Canadian

businesses can play in supporting growth and development

in Kazakhstan and beyond. This brief was held in English,

was attended by honourable quests and made possible by

Taskyn Koshman, Regional Director CEBRA.

Members and friends of the three organizations got together

to savour a delicious dinner and enjoy the atmosphere of a

typical British pub at P.J. O'Brien Irish Pub and Restaurant.

One of the social events CERBA co�hosts throughout the

year, the Pub Night brings together business partners and

friends over a pint of beer to discuss a variety of topics in a

relaxed atmosphere. The event hosted over 50 participants.

LOOKING BACK LOOKING BACK

From the left: Mr. Darryl Clark, CEO Cameco Kazakhstan;Mr.Joern Rosenberg, General Consulate of the Federal Republicof Germany; Mr. Robert Steane Senior Vice�President & ChiefOperating Officer Cameco Corporation; Mr. Andrey Gilvanov; Mr.Norman Storm, General Director Condor Petroleum, CERBAKazakhstan Board Chairman

Beyond the Silk Road (Left to righ � Darrel Frew (BC BioenergyNetwork), Tatiana Domilovskaya, Stockwell Day and Stewart Muir(Resource Wroks Society))

Inauguration Ceremony �This Very SpecialDocument

Beyond the Silk Road (Left to righ � John Sloan, Erin Chutter andEva Busza)

Beyound the Silk Road ( Keith Matthews (BC First Nations), JamesParsen (Firebird Corp., US) and Allan Holmes (Iridai Medical))

From the left: Mr. Felix Khassenov, Ms. Tatiana Sedova, Mr. KirillAfanasyev

PUB NIGHT WITH THE

BRITISH CANADIAN

CHAMBER OF TRADE

AND COMMERCE AND

THE SWEDISH�

CANADIAN CHAMBER

OF COMMERCEAAPPRRIILL 2255,, 22001177

TORONTO

BEYOND THE SILK

ROAD: TRANS�PACIFIC

CHALLENGES FOR

RUSSIA AND CANADADDEECCEEMMBBEERR 55,, 22001166

INAUGURATION OF THE

NEW HONORARY

CONSUL OF RUSSIA

TO BCDDEECCEEMMBBEERR 66,, 22001166

VANCOUVER

Inauguration Ceremony(HE Alexander Darchiev, RussianAmbassador to Canada and HEErin Chutter, Honorary Consul ofRussia to BC)

LOOKING BACK

Spring 2017 / 33

LOOKING BACK

32 / Spring 2017

The Russian Ambassador H.E. Alexander Darchiev officially

announced on December 6th, 2017, that Erin Chutter (Chair

of CERBA�Vancouver Board and President of Rare Capital

Corp.) have been appointed by the Russian ministry of

Foreign Affairs as an Honorary Consul of Russia to BC.

Inauguration took place at the famous Vancouver Club. The

official ceremony followed by the informal reception, co�

sponsored by the Russian Embassy, hosted over 60 people,

representing local Russian community, as well as BC busi�

nesses and diplomatic sector. This is the first time when the

Canadian born Canadian took such a challenging commit�

ment of providing guidance and support to the growing

Russian Community.

The Conference took place at Deloitte Conference Center on

January 24th. This was 6th conference since 2011 organized with�

in the Roundup, but it was the first one devoted to something dif�

ferent then products and technologies aimed for the Eurasian

markets and regional business opportunities in CIS countries.

The three panel event touch such important subjects, as Role

of Government Banks in Advancing Silk Road Opportunities,

Trans�Pacific cooperation and Impact of infrastructure devel�

opment on resource extraction in Central Asia, Regional

resource opportunities in Eurasia, Industrial mineral require�

ments, Experiences in Aboriginal involvement in Central Asia

and North Pacific resource sector, Environmental lessons in

resource extraction and many other.

The panel speakers included the Minister Counselor of the

Embassy of Kazakhstan, Daniyar Seidaliev, Deputy Head of

the Russian trade mission to Ottawa, former minister of

Economic Development of the Republic Sakha�Yakutia, Valerii

Maximov, Vice�President of the Asia Pacific Foundation of

Canada, Eva Busza, Representatives of Asia Development

Bank in North America, Craig Steffensen, Representative of

the Embassy of Mongolia, Bold Batsukh, representatives of BC

First Nations, Keith Matthew. Over 70 people audience inclu�

ded companies, government officials and non�government

organizations from British Columbia, Alberta, Ontario, the US,

Mongolia, Kazakhstan, Russia, China and Turkey.

The event was sponsored by KINROSS Gold Corp., Bennet

Jones LLP, Deloitte and Deloitte Tax Law LLP and supported

by BC Bioenergy Network and the AME BC.

It becomes more and more obvious that the new global initia�

tives such as OBOR or New Silk Road has specific significance

for Canadian companies providing substantial opportunities in

Central Asia in such sectors as infrastructure, supply chain,

mineral resources and many other related businesses.

China and Mongolia � two major countries, of East Asia with

vast natural resources, rich culture and proven international

business profile. With their special role strengthened by a

number of new investment and development initiatives like

Central Asian Economic Corridors or New Silk Road (or One

Belt One Road) they define in many ways the regional and

global economic landscapes.

The CERBA�Vancouver Chapter was pleased to welcome

the two distinguished guests, members of the Canadian

Trade Commissioners team � Junxia Jiang (Beijing, China)

and zza (Ulaanbaatar Mongolia) and invite our members and

friends to join round table.

Speakers gave detailed presentations of their focus sectors,

emphasizing the most important national and international

projects and opportunities existing within these projects for

the Canadian companies.

This event was supported by the Vancouver Reginal office of

Global Affairs Canada and sponsored by Deloitte Tax Law.

LNG�Export Canada � is one of the major international shows,

organized by the UK company DMG Group, taking place in

Vancouver in the last two years ago. Previously located in

Alberta, the event has been moved its venue from Calgary to

Vancouver, reflecting growing importance of LNG related

subjects for the province of British Columbia.

DMG representatives chose CERBA�Vancouver as informa�

tional partner and provided opportunities to market our

capacities of international business promoters in the Eurasia

and Central Asia regions, including Russia, Kazakhstan,

Mongolia and other of CERBA mandate countries.

CERBA presence at LNG�Canada included also presentation

of Sakhalin 2 Project, presented by the Chapter Chair, Erin

Chutter at the transportation and logistics section of the

Conference.

On November 17, CERBA, jointly with AMCHAM hold a brief

with Peter Kaznacheev � well known expert with over 16 years

of experience in emerging markets, the United Kingdom and

the United States. His professional career includes business

development in the oil & gas industry with British Petroleum,

economic research and analysis of emerging markets at the

World Bank and the Group of Eight (G8), and senior govern�

ment advisory work � between 2002 and 2005 Peter worked

in the Russian Presidential Administration as a Senior Advisor

to the Chief Economic Aid to the President dealing with eco�

nomic, energy and environmental issues.

In his presentation "The State of Uncertainty. How Resilient is

Russia's Energy Industry to Low Oil Prices and the Political

Stalemate with the West?", Peter Kaznacheev reflected on the

Inauguration Ceremony (Tatiana Domilovskaya and Erin Chutter)

Inauguration Ceremony (Two Ambassadors � HE John Sloan andHE Alexander Darchiev)

CERBA�Vancouver Resojurce Conference (Ivan Rogachev,Kristina Mishina (Manning Elliott), Tatiana Domilovskaya andVictoria Hayes (BC Government), Ministry of International Trade)

RESOURCE OPPORTUNI�

TIES WITH THE ONE

BELT, ONE ROAD CENTRAL

ASIAN INVESTMENT

POLICY � CERBA

CONFERENCE ON THE

MARGINS OF THE AME

BC ROUNDUP�2017JJAANNUUAARRYY 2244,, 22001177

CHINA AND MONGOLIA

UPDATES: MARKET

ACCESS, MINING,

AGRICULTURE � ROUND

TABLE WITH THE

CANADIAN TRADE

COMMISSIONERSMMAARRCCHH 99,, 22001177

CERBA �VANCOUVER

PARTICIPATION AT LNG�

CANADA TRADE SHOW

AND CONFERENCEMMAAYY 1166��1188,, 22001177

"THE STATE OF

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AMCHAM BREAKFAST

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KAZNACHEEV NNOOVVEEMMBBEERR 1177,, 22001166

MOSCOW

issues. Delegates also took part in CERBA seminar on mod�

ern technologies in construction and wood processing.

Participants from Canadian side included representatives of

InvestQuebec, Union of Exporters of the province of

Quebec, and many local construction and forestry�related

companies.

In Montreal, the delegation paid a visit to the Honco produc�

tion facility, to see the presentation of the unique patented

construction technology based on steel structural sections.

The delegation also visited SuperVac factory, specializing in

the production of equipment for vacuum cleaning.

Finally, the delegation paid a visit to the production facility of

Rosemex, the company specializing in the production of

equipment for climate control and ventilation of residential

and industrial objects. The delegates had a chance to

observe the process of equipment manufacturing, and to

learn about Canadian technologies and standards.

Upon the completion of the mission, all members of the del�

egation expressed gratitude to CERBA for the organization of

the visit, and expressed a deep satisfaction with the results

achieved during the mission. We hope that this visit will help

to further strengthen bilateral relations, particularly the devel�

opment of business cooperation between representatives of

the construction sector of Russia and Canada.

On December 7, CERBA

held its traditional annual

Breakfast Brief with the

Head of the Visa Section

of the Canadian embassy

in Moscow: "DE�MYSTI�

FYING THE VISA PRO�

CESS". The event provid�

ed CERBA members with an opportunity to meet the new Head

of the Visa Section of the Canadian Embassy in Moscow , Mr.

William Farrell, who briefed the participants on the latest devel�

opments in Canadian visa processing, including the clarifica�

tion of policies, processes and the standards for the issuance

of Canadian visas, and changes and latest developments in

Canadian visa processing. CERBA would like to express grati�

tude to the Canadian Embassy in Moscow, and personally to

Mr. Farrell, for hosting the event. We would also like to express

gratitude to the Sponsors of the event: NetCracker, News360,

and Pressreader.

LOOKING BACK

Spring 2017 / 35

LOOKING BACK

34 / Spring 2017

origins of the current eco�

nomic crisis in Russia,

including lack of structural

reforms, the fall of oil prices

and Western sanctions. He

also shared his thoughts

about latest trends, such as

further government consol�

idation of the oil industry and Russia's attempts to agree to a

production freeze with OPEC countries. Peter also examined

Russia's economic and energy policies in the broader global

context and the implications they might have for future oil and

gas production, foreign companies' participation and the

services sector.

On November 30, CERBA organized a Breakfast Brief on Real

Estate Market in Russia with the support of the Moscow office

of Norton Rose Fulbright. The event provided CERBA mem�

bers with an excellent opportunity to get firsthand information

from the leading real estate industry experts. This extremely

useful and interesting seminar provided its participants with the

detailed overview of the current situation in commercial real

estate, residential real estate, and leasing for Canadian busi�

nesses and their representatives in Moscow. Speakers inclu�

ded Marina Youdova from Norton Rose Fulbright, Thomas

Andruchow from Shopping Centers International, Yelena Ko�

lesnikova from Cushman & Wakefield, and Alexandra Sinilova

and Kristina Tomilina from IntermarkSavills. CERBA expresses

its gratitude to Norton Rose Fulbright for sponsoring and hos�

ting the event.

On November 28 � December 5, CERBA organized a Business

Mission to Ontario and Quebec for the representatives of the

Russian Construction Sector. Participants from the Russian

side included Evgenij Shlemenkov, Chairman of the Board,

Interregional Union of Building Enterprises of Small and

Medium Entrepreneurship � OPORA, Ivan Dyakov, Member of

the Board, National Union of Employers in Construction

Industry, and Aleksandr Purii, General Director, United dis�

patcher systems.

The visit started with delegates' participation in CERBA

Construction and Infrastructure Conference 2016 (Toronto),

where Mr. Shlemenkov and Mr. Dyakov made presentations

and answered questions from Canadian participants. Pre�

sentation of Mr. Shlemenkov highlighted such issues as the

current state of the construction market in Russia, and new

and promising projects that can potentially provide business

opportunities for Canadian companies. Mr. Dyakov in his

speech made a presentation of the Association "National

Union of Employers in Construction Industry" (NOSTROY),

described its structure and operation, the role of the

Association in the development of the construction complex in

Russia, and possible areas of cooperation of NOSTROY with

Canadian construction companies. During the conference,

delegates also had a series of individual meetings with repre�

sentatives of the Canadian construction, development and

investment companies. On the fringes of the conference, the

delegates also participated in the session of the Canada�

Russia Construction Working Group.

While in Toronto, the delegation also visited Construct Canada �

Canada's largest annual exhibition of construction related

products, services, and technologies, and the manufacturing

facility of BRON, located in Woodstock, specializing on pro�

duction of land�clearing equipment.

In Quebec City, delegates visited the research center for for�

est engineering at Laval University, where they had the

opportunity to discuss with the experts the role of a wood�

based construction in today's construction sector, new wood�

processing technologies, waste utilization and other related

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On December 14, CERBA Moscow Chapter held its annual

Christmas Cocktail Reception. Over 200 members and part�

ners joined us at this event to share the Christmas spirit, and

enjoy a great evening, live music, delicious cuisine and an open

bar at the Moscow Marriott Hotel Novy Arbat � newly opened

Five Star hotel located in the Moscow center. A very special

Thank You to the Sponsors � Kinross Gold and Barrick Gold:

Since the current 2017 year marks Canada's 150 Anniversary

of Confederation, CERBA Moscow decided to start the new

business season with the celebration of this remarkable occa�

sion. On February 14, together with our Commonwealth

Partners � RBCC, CERBA organized an evening reception in

Marriott Novy Arbat to kick�off the new business season by cel�

ebrating Canada's 150 Anniversary. Participants got the oppor�

tunity to spend a great evening in the company of fellow

CERBA members, meet new friends from the British business

community, and enjoy the hospitality of the Moscow Marriott

Hotel Novy Arbat.

On March 13�15, CERBA took part in the organization and

execution of the largest in history Canadian trade mission to

Uzbekistan, led by the Canadian Embassy in Moscow. In

total, the delegation represented 18 Canadian companies,

including AGT Systems, Phoenix Geophysics, Gem Systems,

Drillco Mining and Exploration, B2Gold Corporation, AD Hyd�

romet, Denson Automation, Miller Technology Inc., Algo

Machine Shop Ltd., and others.

The mission took place on the margins of "Uz�MiningExpo�

2017" trade show, and mainly focused on business opportu�

nities for Canadian companies in the mining sector in

Uzbekistan. Plans for the mission were developed in consul�

tation with the Government of the Republic of Uzbekistan,

Uzbekistan Chamber of Commerce, and local industry stake�

holders to maximize networking and business opportunities

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Spring 2017 / 39

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38 / Spring 2017

for Canadian participants. The mission format consisted of a

two�day program, including country briefing on the first day,

and a formal Seminar at the Goscomgeology on the second

day with the participation of major local players � AGMK,

NGMK, Uzbek Ugol and the Committee on Geology and

Mineral Resources of Uzbekistan, plus the Ministry of Foreign

Economic Relations, Investments and Trade, Ministry of

Foreign Affairs, and Chamber of Commerce and Industry of

Uzbekistan, followed by B2B meetings between Canadian

and Uzbek counterparts.

On the third (optional) day, participants of the mission had a

choice of either participating in the site visit of AGMK mining

operation in Almalyk, and meeting personally with Alexander

Farmanov, General Director of AGMK, or participating in the

"Uz�MiningExpo�2017" trade show.

The program has also featured two evening receptions � an

informal reception for Canadian participants, hosted by

Deloitte, and the formal reception on the occasion of the 25th

Anniversary of the Establishment of Diplomatic Relations

between Canada and Uzbekistan hosted by Global Affairs

Canada.

Upon the completion of the mission, all participants provided

extremely positive feedback, especially appreciating the op�

portunity to personally meet and present their products, tech�

nologies and/or services to decision�makers representing

major players of the mining sector in Uzbekistan. At least one

contract has been signed during the mission, and we hope

more contracts will follow, based on agreements reached dur�

ing the mission between Canadian participants and their

Uzbek counterparts.

It is also important to mention, that on the fringes of the mission,

CERBA Moscow Chairman Nathan Hunt met with Alisher

Shaykhov, Chairman of the Chamber of commerce and indus�

try of Uzbekistan, to discuss the current state and prospects for

the development of trade and economic cooperation between

Uzbekistan and Canada, issues of further strengthening coop�

eration between the entrepreneurs of the two countries, and the

development and implementation of joint mutually beneficial

projects. During the meeting, Mr. Hunt and Mr. Shaykhov have

signed in the presence of the Canadian Ambassador HE John

Kur a Letter of Implementation related to the earlier signed

MOU between CERBA and CCIU.

CERBA would like to

express gratitude to

Canadian Embassy in

Moscow for taking lead

on the organization of

the mission, and to

Deloitte for organizing a

"How to do business in

Uzbekistan" briefing ses�

sion for mission participants, and hosting an evening reception

for the delegation.

On March 16, CERBA, joint�

ly with the AmCham, organ�

ized a high�level speaker

event with Pavel Palazh�

chenko – Chief English

interpreter for Mikhail Gor�

bachev and Soviet foreign

minister Eduard Shevard�

nadze, 1985�1991. Mr. Pavel

Palazhchenko spoke on the topic "U.S.�Russia Relations:

Lessons Learned Looking Back 25 Years after the Breakup

of the USSR". Besides listening to the interesting historical

retrospective from an eye�witness, CERBA members got a

great opportunity to expand their contact network by liaising

with the members of the American business community in

Moscow.

The 'Arctic: Territory of Dialogue' International Arctic Forum is

organized by CERBA Partner Rosscongress. It was first held in

2010 and is the largest forum for discussing topical issues and

prospects for the development of the Arctic region with inter�

national partners. This year, President of the Russian Fede�

ration Vladimir Putin and Deputy Prime Minister of the Russian

Federation Dmitry Rogozin took part in forum.

In 2017, the forum has hosted high level officials from 14 coun�

tries, including Canada. Canadian delegation was headed by

Alison LeClaire, Canada's Senior Arctic Official. The objective

pursued by the Canada's delegation at the forum was to pro�

mote partnerships in the area of Arctic research and science,

as well as partnerships that could bring Indigenous communi�

ties in Russia and Canada together.

Member of the CERBA Moscow Board Stanislav Borodyuk, VP

and Head of the Moscow office of Kinross Gold Corporation, as

a participant of the forum provided a very positive feedback

about the event, suggesting that Canadian companies, espe�

cially related to mining, environmental, construction and infra�

structure sectors, should strongly consider participating in the

forum in future, since it provides to foreign participants the unique

opportunity to meet potential customers and establish personal

connections with regional authorities on the governor level.

This year, Neftegas expo took place in Moscow on April 17�20.

"Neftegaz" is the leading world�famous exhibition brand, the

show with a 40�year history, recognized as the largest exhibi�

tion in oil & gas sphere in Russia and one of the ten largest oil

and gas exhibitions in the world.

Two Canadian companies

participated in Neftegas this

year. One is McCoy Global,

which is a provider of equip�

ment and technologies used

for making up threaded con�

nections in the global oil and

gas industry, another is Data�

Can that designs and manu�

factures high performance pressure and temperature meas�

urement systems.

Representatives of two companies provided slightly different

feedback about this year's event:

"McCoy participated in NEFTEGAZ in Moscow for a number of

years. NEFTEGAZ 2017 was a very good industry event with

many industry professional, existing and potential customers

attending it. Overall we were satisfied with our participation, as

NEFTEGAZ continues to be a good event where you can meet

most of industry professional, customers, under one roof, in a

short period of time." By Andrei Dmitriev, McCoy Global Inc.

"My impressions of the show are it wasn't great show. Seems

having MIOGE and Neftegaz competing for customers and vis�

itors in same year isn't good. I heard both shows only sold

about 50% of space. I don't know visitor numbers, but traffic

seemed light. I think if both shows continue to compete, we will

not attend in those years in future. We see value in visiting

Russia and Russian market. We know enough contacts now

that I think our efforts might be better served directly focusing

on customers as opposed to searching at trade shows." By

Sheldon Nadeau, Datacan Services Corp.

Russian Export Day was

organized by CERBA

Partner BBCG, and fea�

tured an expert market

analysis highlighting the current framework of Russian Food,

FMCG and Fashion production. The discussions were focused

on the future potential and challenges faced by Russian

exporters, regulation and governmental support for internation�

al buyers, logistics, and other issues. The event also examined

case studies of successful exporters and future forecasts of

Russian exports in the FMCG space.

Neil Withers, President of CFA Russia, and the Member of

CERBA Moscow Board, made a presentation on behalf of

CERBA at the North American Session of the forum, outlining

the procedure and requirements for foreign export to Canada,

and introducing CERBA, its services, and the assistance the

association can provide to the Russian companies entering the

Canadian market.

JOINT CERBA � AMCHAM

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