Risky Business: Kazakhstan, Kazakhmys plc and the London Stock Exchange

13th July 2010

Kazakhmys plc, a FTSE 100 company which mines copper in the Central Asian nation of Kazakhstan, failed to declare potentially key information about its shareholders and directors when it listed on the London Stock Exchange, thereby exposing investors to unquantifiable risk.

This report raises serious concerns about London's "light-touch" market regulation and argues that it would be in the public interest for companies like Kazakhmys to be required to provide much more information to investors about political risk.

Supporting documents: President Nazarbayev's hotel bill from his official visit to the UK in 2006. This was sent by the Lanesborough Hotel to Kazakhmys plc (see Risky Business p.30)

Документальное приложение: Счет Президента Назарбаева за услуги отеля Лэнсборо в течение официального визита в Великобританию в 2006г. (См. "Рисковый бизнес", стр. 30)