Canada Eurasia Russia Business Association (CERBA)Association d'affaires Canada Russie Eurasie (ACCRE)Канадская деловая ассоциация в России и Евразии (СЕРБА)www.cerbanet.org

NATIONAL BOARD OF DIRECTORS

Chairman InterimNathan Hunt – Ronald A. ChisholmInternationalChairman EmeritusPiers CumberlegeDirectorsHonorable J. Trevor EytonBoris Aryev – Stans Energy CorpRenee Chernecki – CanadianPetroleum Training Institute Jamila El Assaad – SNC�LavalinInternational Paul Drager – Norton RosePiotr Dutkiewicz – Carleton UniversitySandy Ferguson – BC BioenergyNetworkPeter Harder – Fraser Milner Casgrain LLPJohn Place – Export DevelopmentCanadaNeil Withers – SilkroutefinancialMartha Harrison – Heenan Blaikie LLP.Lou Naumovski – Kinross GoldCorporationRobert Fotheringham – TMX GroupPierre Sein Pyun – Bombardier

MOSCOW BOARD OF DIRECTORS

ChairmanNathan Hunt, Ronald A.ChisholmInternationalDirectorsNeil Withers – Promsvyazbank (PSB)Alex Shifrin – Saatchi & Saatchi RussiaMadina Assylbekova – GowlingsInternational Inc.Luc Jones – Antal InternationalRon Lewin – TerraLinkJohn Place – Export DevelopmentCanada (EDC)Peter Prabhu – Interstice ConsultingSheldon Bennett – Board SolutionsAnatoly Andriash – Norton Rose (CentralEurope) LLP (observer)Sergey Lobov – Fedorovo Resources/Barrick Gold (observer)Lou Naumovski – Kinross GoldCorporation (observer)Carol Patterson – Baker & McKenzie(observer)Geoffrey Nicholson –PricewaterhouseCoopers (observer)Andreas Weichert – Embassy of Canada(observer)

CALGARY BOARD OF DIRECTORS

ChairmanHans Gjerdrum – KUDU IndustriesDirectorsLaurent Auger – Alberta InternationalIntergovernmental RelationsShawn Beamish – Canadian Mat SystemsRenee Chernicki – Canadian PetroleumTraining InstitutePaul Drager – Norton RoseRod Heard – ZediAndrew Kavanagh – Sage Energy

TORONTO BOARD OF DIRECTORS

ChairmanRobert Fotheringham – TMX GroupVice�ChairMartha Harrison – Heenan Blaikie LLPWolfgang Spillner – Albacor ShippingDirectorsBoris Aryev – Stans EnergyLou Naumovski – Kinross Gold CorporationVitaly Paroshyn – Ministry of EconomicDevelopment and Innovation(Ontario)Geoff Rowan – Ketchum PRAlina Pekarsky – Schulich School ofBusinessVadym Kozub – NAUVEAYury Manukhov – Canadian Gateway /YYZ TravelMichelle MooreMarina Dessiatkina – Trade Commissionerof the Republic of Sakha (Yakutia)

MONTREAL BOARD OF DIRECTORS

ChairmanZouheir Chebl – SNC� Lavalin InternationalDirectorsPierre D'Avignon – ScotiabankDiane Dube – EDCAndrei Ivanov – MDAAndre L'Ecuyer – RabaskaRedouane Mekideche – DFAITBertrand Millot – CordiantEdouard Namts – WE Consulting Inc.Marie�Andree Bernard – MDEIE,Quebec GovernmentMarie�Lise Gauthier – Bombardier

OTTAWA BOARD OF DIRECTORS

ChairmanGregory Shields – CEO, HyperlineCabling SystemsDirectorsChristopher Westdal – Silver BearAndre Asselin – CMHCRobert Blackburn – SNCLavalinPiotr Dutkiewicz – Carleton UniversityDavid Gray – Agriteam CanadaJohn Kur – DFAITGeorge Haynal – BombardierNicolas Temnikov – QIT Rio TintoDave Pryce – RIM

VANCOUVER BOARD OF DIRECTORS

ChairmanRobert Johnston – Principal, CannonDesign Architects DirectorsSandy Ferguson – Marketing Director,BC Biotech NetworkRainer Ibowski – VP SNC Lavalin,Transportation DivisionErin Chutter – President, GlobalCobalt Corp.Ken Clasby – VP Marketing and Sales,CWS IndustriesRon Bozzer – Lawyer, HTNLJohn Kitchen – Owner, Steveston Netand Gear

Bryan Hughes – EDC, RegionalDirectorOleg Tchoubarov – President,Sea Green Enterprises

ALMATY BOARDOF DIRECTORSChairmanKeith Gaebel – Ernst & YoungDirectorsGalymzhan Pirmatov – CamecoKazakhstan

Artem Yermilov – Uranium OneNatalia Kurkchi – Antal RussiaSteven Basadur – Embassyof CanadaBanat Ashkenova – HeenanBlaikieYulia Mitrofanskaya –Bakyrchik Mining VentureDenis Kublikov – IntercompXin Zhonglin, PetrokazakhstanTerry Powell – Chagala GroupTatiana Muratova – Norton Rose

MOSCOW CHAPTER

Dmitry Yashin � Regional DirectorOffice tel: 7 (495) 708_4324Mob: 7 (916) 589_7999Fax: 7 (495) 708_4325e�mail: dmitry@cerbanet.org

CALGARY CHAPTER

Frank Kense � Regional DirectorTel: 1 (403) 218_4164Fax: 1 (403) 218_8727e�mail: frank@cerbanet.org

TORONTO CHAPTER

Katherine Balabanova � Regional DirectorTel: 1 (416) 862_4403Fax: 1 (416) 360_8425e�mail: katherine@cerbanet.org

VANCOUVER CHAPTER

Tatyana Domilovskaya � Regional DirectorCell: 1 (604) 720_2905Tel: 1 (604) 605_5087Fax: 1 (604) 662_7688e�mail: tatiana@cerbanet.org

MONTREAL/OTTAWA CHAPTER

Brendan Scully � Regional DirectorTel: 1 (514) 975_3347Fax: 1 (514) 371_4605e�mail: brendan@cerbanet.org

ALMATY, KAZAKHSTAN CHAPTER

Irina Tabarina � Regional DirectorTel: +7 (727) 259_8306Fax: +7 (727) 258_5961e�mail: irina@cerbanet.org

3

CERBA Offices International:

Austrian Airlines

CERBA Boards of Directors:

In This Issue:Page 4:Chairman's Message

Page 5:New Members

Page 8:11th Annual Vladislav Tretiak Charity Auctionin Moscow

Page 9:Taking Off to the Great White North (East)

Page 10:Chukotka Cup International Hockey Tournament2012

Page 11:Russia and Eurasia Mining Conference 2012

Page 12:Interview with Andrei Varichev

Page 14:Vancouver International Mining Conference

Page 14:CERBA International Sustainability and EnergyEfficiency Conference

Page 15:Canada�Kazakhstan Cooperation and Business Fair

Page 16:Looking Back

Summer 2012CERBA Quarterly News

Eastern Europe and Russia are important travel destinations formany Canadian travelers. Austrian Airlines is very proud of theextensive travel network it offers passengers to 46 destinationswithin these important markets. And worldwide, Austrian, winner ofthe 2011 World Airline Awards, provides customers with a routenetwork to 130 destinations. With its convenient geographicallocation in the heart of Europe, the Austrian’s hub at ViennaInternational Airport is the ideal gateway between East and West.Canadian passengers can take flights from Toronto to Vienna withtime�saving connections and access to more than 100 destina�tions across Europe. Austrian Airlines is part of the LufthansaGroup, Europe’s largest airline group, and a member of the StarAlliance, the first global alliance of international airlines.

New Investment in Fleet:Austrian Airlines has just completed the refurbishment of 32

Airbus A320 and Boeing 737 aircraft. With modern new interiordesign and contemporary cabin fittings including leather seats theaircraft now offers passengers significantly more space for legs andknees. The new thinner, ergonomically�shaped Europa seats pro�vide more room and greater passenger comfort. The back cushionis thinner so when the seat reclines, it is not as noticeable – to bet�ter accommodate the person behind you. And even though they arethinner, the seats are just as comfortable. Passengers will now havealmost two inches of extra legroom!

Refitting of the 21 aircraft in the A320 family was completed inJuly 2011. In September 2011, 11 Boeing 737 were also fitted withthe new interior design and innovative leather seats. This will befollowed by more conversions to Austrian’s long�haul fleet. Plansfor the upgrade of Austrian’s long�haul cabins are also underway.The new full�flat business class seat are being installed which willallow passengers to rest completely horizontal during their flight.Austrian’s new inflight entertainment system will be rolled out in2012 in all business class cabins and will offer the in seat videooption with movies on demand � greatly appreciated by businesstravelers and families alike.

Vienna’s Skylink Terminal Expansion � To OpenVienna Airport is an important hub to Eastern Europe and Russia

as well as to the Middle East. The new terminal opening in 2012 willoffer passengers more comfort and service and enhance the over�all experience. The Skylink expansion not only doubles the termi�nal area, but the three levels provide easier vertical connections forshort transfers with a 25 minute minimum connecting time. Withthe glass facade, the new terminal provides state�of�the�art secu�rity along with spacious modern seating and lounge areas, shop�ping and restaurant options.

Austrian’s Chef on Board & Red Souvenir Program On flights from Toronto and US gateways—New York (JFK),

Washington, DC (IAD), and Chicago (ORD) Austrian has had a pro�fessional chef on board every long�haul flight in charge of prepa�ration of the Business Class passenger meals. Austrian Airlines’highly regarded culinary delicacies are also now available foronline orders, as the air carrier adds their red souvenir programwith worldwide deliveries right to the doorstep. Everyone can enjoythese Austrian Airlines treats in the comfort of their own homes.Visit www.redsouvenir.at/en to place your order.

Awards & RecognitionThe 2011 World Airline Awards passenger satisfaction survey

gave Austrian top honours in two categories. The Two First placeawards were for “Best Business Class Catering” for the carrier’sin�flight food and drink product, and “Best Service in Europe” forits cabin and ground passenger experience. The annual survey byopinion researcher Skytrax polled nearly 19 million passengersfrom 100 different countries to recognize the airline industry’s bestperformers.

Programs In addition, Austrian has implemented a very aggressive program

to develop a number of value�added benefits for its customers. Inaddition to benefits from travel on all Austrian flights, the Miles &More frequent program benefits now include all flights and traveloriginating on Lufthansa flights connecting to Austrian as well.Austrian Airline travelers know that their boarding pass is the mostvaluable in the world! For up to 10 days after a flight, passengershave access to a a variety of massively reduced or even free admis�sions to a range of exciting cultural offers and institutions in Vienna.And earlier this year, Austrian introduced its passenger shuttle serv�ice, RedCab to and from Vienna International Airport. This serviceallows passengers to save money and book their personal transportin Vienna and surroundings for only 29 Euros per car.

New DestinationsAustrian Airlines started its flight service back to Baghdad in

mid�2011. The airline is a pioneer in the Middle East: In December2006, it was the first Western European airline to operate service tonorthern Iraq, and has continually expanded its presence in thisregion. In spring 2004, Austria became the first country in WesternEurope to form a new, liberal and bilateral transport agreementwith the Iraqi authorities after the Iraq war. This was facilitated byAustrian Airlines. With the additional connection to Baghdad,Austrian Airlines offers flights to 12 destinations in the Middle East.Other destinations outside Europe include Delhi, Mumbai, Dubai,Bangkok, Beijing, and Tokyo.

Danke On behalf of Jaan Albrecht, Chief Executive Officer (CEO) and

the entire team at Austrian Airlines, we want to thank the CERBAcommunity in Canada for their continued support and businessand we look forward to welcoming you aboard.

4 5Summer 2012CERBA Quarterly News

CHAIRMAN'S MESSAGE ALMATY CHAPTER –NEW YEAR, NEW LOCATION!Dear Members and Friends:

The Almaty Chapter of CERBA is glad to announce that we start the New Year at new location at EsentaiTower, a modern 38�storied mixed�use office and hotel facility and the tallest building in Central Asia!

The new office space was contributed to CERBA by Ernst & Young. We would like to say the words ofsincere appreciation to Ernst & Young and personally to Mr Keith Gaebel, the Managing Partner CentralAsia and Caucasus, for this generous contribution!

Please note our new contact details:

c/o Ernst & Young, Esentai Tower building, 6th Floor, 77/7 Al�Farabi Ave, Almaty, Kazakhstan T: +7 (727) 2585960 • F: +7 (727) 2585961 • e�mail: irina@cerbanet.org

Anatoly Andriash (Managing Partner, Moscow),Alyona Kozyreva (Associate, Moscow),Vladlena Prozorova (Paralegal, Moscow),Yerzhan Kumarov (Managing Partner, Almaty),Alibek Begdesenov (Associate, Almaty),Kamil Jambakiyev (Associate, Almaty) for their cooperation and efforts in registration of theRussian and Kazakh Branch offices of CERBA.

We are proud to be associated with this venerable andhighly professional organization and THANK YOUfor your enthusiasm and patronage of CERBAover the past 7 years and going forward.

Nathan Hunt,Chairman of the National Board

CERBA as an association has accom�plished much over the past 12 monthsincluding another successful mining confer�ence, our first participation in the GLOBEenvironmental conference in Vancouver, thefirst ever Canadian conference to promoteinvestment in Russia, and numerous localevents in our various chapters. Our nascentchapters in Vancouver and Almaty havecome into their own with strong local boardsand a robust program of activities. We havewelcomed a new Regional Director and

Deputy Director in Moscow and have addedan assistant in Toronto to help better serveour members in Canada. As of this writingwe are preparing for a major ministerial visitto Russia in early June and we expect torepeat our investment conference in the fall.

Most importantly, perhaps, a committedgroup of National Board members has takenit upon themselves to form a StrategicDevelopment Committee and draft a visionfor CERBA’s development over the next fiveyears. A policy statement has been pre�pared that will soon be circulated to our con�stituents and hopefully adopted by themembership at our Annual General Meetingin June. Several key tenets of the new policyinclude a new, more focused Mission State�ment and a summary of the most importantthemes the association should advance inpursuit of the mission. These include the keyrole of ongoing high�level contacts with thegovernments of our Eurasian partners andthe importance of planning events and pro�gram on the basis of confirmed policies. Ifwe remain focused on our mission, theactivities we design will necessarily con�tribute to achievement of the mission.

I have been greatly encouraged recentlyby a spirit of community that CERBA has notseen in past years. Many members nolonger asking “What can CERBA do forme?” but instead “How can we use CERBAto create a vibrant community and potentadvocate for Canadian business as awhole?” We are all trying to advance ourbusiness interests, which is of course theoverriding goal. But we are also trying tocreate something, to be the voice ofCanadian business in Eurasia, and to showour counterparts in Russia, Kazakhstan, andelsewhere that Canada is a serious partnerwith rich experience in the same areas thatare crucial to those countries’ economies.We may not have the GDP of the USA, theEU, or some of the region’s Europeaninvestors, but our conviction is just as greatand the business community we have creat�ed just as potent – or more potent – thanthose of our rivals.

Thanks to all of you for being a part of thatcommunity.

STATEMENTOF GRATITUDE

By this statement theCanada Eurasia RussiaBusiness Associationexpresses its sincereappreciation to theassociates and partnersof Norton Rose

NEW MEMBERSNot a member yet? Contact us for membership information:

Moscow � Dmitry@cerbanet.org, Almaty � Irina@cerbanet.com, Toronto � Katherine@cerbanet.org, Vancouver �Tatiana@cerbanet.org, Calgary � Frank@cerbanet.org, Ottawa/Montreal � Brendan@cerbanet.org

Canadian HIV Trial Network � closely related to the University of British Columbia the Vancouver division issituated at one of the most advanced Vancouver hospitals � St. Paul. This is non�profit organization, developedclose cooperation with St. Petersburg Medical University and in active discussion with CERBA on possibilities toprovide support on the doctors exchange program to bring Russian HIV and AIDS specialists in Canada forexchange of information and experience and update on the new methods of treatment and prevention of thesedangerous diseases. http://www.hivnet.ubc.ca/home/

RK�TELECOM Group of companies is a leader of a system integration in the telecommunication market ofRussia and CIS providing full range of services which include: System integration of telecommunication means;Supply of telecommunication equipment; Service maintenance including warranty and post warranty repair. Formore information please visit: www.rktelecom.ru

TMX Group � A Global Exchange Market Leader

TMX Group is an integrated, multi�asset class exchange group. TMX Group's businesses operate cash andderivative markets for multiple asset classes including equities, fixed income and energy. We also provide clear�ing facilities, data products and other services to the international financial community. www.tmx.com

Borden Ladner Gervais LLP (BLG) is a leading, full�service, national law firm focusing on business law, com�mercial litigation and intellectual property solutions for our clients. With more than 750 lawyers, intellectual prop�erty agents and other professionals in six Canadian cities, clients turn to us for assistance for all their legal needs,from major litigation to financing and patent registration. http://www.blg.com/en/home/Pages/default.aspx

JDA � Established by John Davidson (CEO) in 1990 following closure of the Bougainville mine. We are an inter�nationally recognised leader in mining, oil and gas, engineering and construction recruitment. JDA has a reputa�tion for the timely sourcing of difficult�to�find people, a team of experienced technical background consultantsand account managers, ongoing business relationships with Mining Sector organisations, miners and miningservices companies, worldwide, and successful recruitments into 71 countries.

Nathan A. HuntChairman of the National Board

6 7

NEW MEMBERSNOT A MEMBER YET? CONTACT US FOR MEMBERSHIP INFORMATION:

Moscow � Dmitry@cerbanet.org, Almaty � Irina@cerbanet.com,Toronto � Katherine@cerbanet.org, Vancouver � Tatiana@cerbanet.org,Calgary � Frank@cerbanet.org, Ottawa/Montreal � Brendan@cerbanet.org

Summer 2012CERBA Quarterly News

Rescom Offshore Investment Network Corporation � publishing and marketing company in Vancouver.Owner Valeria Lockwood produces NDI Magazine, a leading business publication specializing in Real Estate,Investment, Business and Immigration to Canada, printed and distributed locally and globally. The uniqueInternational Marketing Program guarantees the most effective exposure available to high profile investors andmajor players in the global market. The Magazine targets wealthy readers looking to invest in the securest part ofthe world � Canada. If you wish to contact us, please call us at +1.604.723.0857, contact@ndimagazine.com.

Canadian Education Network® (CEN®) is a Canadian leader in educational excellence.

Since 1994, CEN has helped thousands of students in the pursuit of language training and educational pro�grams in Canada.

In collaboration with Paragon Testing of the University of British Columbia (UBC), CEN provides EnglishLanguage testing (LPI) and training programs. To register yourself or your employees to the CEN Step InteractiveEnglish Virtual Classroom, contact Lpi@caneducation.com or visit http://caneducation.com

ABBYY has 14 offices in different countries including Russia, Germany, the United States, Ukraine, the UK,Canada, Cyprus, Japan, Australia and Taiwan. ABBYY products are now being sold in more than 150 countries

around the world through a network of regional and international partners. The majority of ABBYY products, suchas document conversion and document capture solutions and technologies, are designed to simplify the transi�tion from paper documents to electronic information, eliminating the most time�consuming and labour�intensivetasks such as retyping text and manual data entry. http://www.abbyy.com/

GENCOM Software International � Driving Mining Productivity and Profits with Gemcom Software

Since 1986, mining companies seeking to improve productivity and profits at their operations have been turn�ing to Gemcom Software for their mining software and service solutions they need to get the job done. Gemcompartners with its clients to address business goals and unique mining challenges such as improving operationaldecision making capabilities, addressing staff shortages and controlling costs. https://www.gemcomsupport.com/

GreenOffOn (Eco Social Community) was born organically, as a natural progression of our team's desire tosave our planet, make this world healthier, more eco secure, and more comfortable for living. We understand thatto achieve such a grand mission is very hard for a small group of people. But any change is possible and effec�tive when a critical mass of ideas, desire, and action accumulates. We are inspired by the fact that every day theEco Social Community of those who think alike is growing bigger. We know that there is an objective need tounite forces to create a synergy, capable of actively supporting stable development of humanity for the betterfuture of us all. www.greenoffon.com

Chagala is a service company focused on providing long and short term accommodation solutions to domes�tic and international companies developing Kazakhstan's oil & gas industries. With the ownership of hotels, guesthouses, serviced apartments, remote site facilities, restaurants and offices in its portfolio, Chagala works close�ly with the companies and investors developing Kazakhstan's substantial hydrocarbon potential. With six loca�tions across west Kazakhstan and over 16 years of experience, Chagala hotels have earned a reputation forfriendly service, quality food and beverage and safe, secure accommodation. At Chagala you will find the servic�es and amenities you are looking for whether it is for business or leisure travel.

Wire Rope Industries is the most diversified manufacturer of high�performance wire ropes and industrialsteel cables in North America. For over 100 years, the company has been a leader in its field. With our knowledgeand expertise, we have been able to refine the art of rope making into a science. We provide rope solutions for awide variety of applications, including general industrial and construction, mining, oil and gas, fishing and marine,forestry and utilities industries, as well as for ski lifts, bridges, supported structures and the U.S. Navy, for whomwe are the largest supplier of arrestor steel cables. http://wirerope.com/

Railway Association of Canada represents some 50 goods, tourist, commuter and intercity Rail businessesin Canada, their more than 32,000 employees and has more than 60 associate member suppliers and partners.RAC acts to inform officials, develop programs, policies and resources and respectfully communicate with thepublic and media to strengthen the role and capacity of Rail to deliver leading services that are economicallyviable, socially cohesive, future focused and environmentally sustainable. http://www.railcan.ca/

Globalink is a multi�modal transportation specialist delivering cost�effective solutions throughout the CIS,Middle East, Europe and Asia. With an international reputation second to none when it comes to delivering com�prehensive integrated transport services, and backed by international recognition, experience, reliability andfinancial stability, Globalink has a long track record of accomplishments dating back from its formation in 1994.http://globalinkllc.com

PetroKazakhstan is a vertically integrated oil and gas group owned by China National Petroleum Corporationand National Company KazMunaiGas. PetroKazakhstan scope of business includes exploration, field development,oil and gas production, as well as purchasing of fields, processing and selling of crude oil and refined products.Further information is available at: http://www.petro�kazakhstan.kz

Intercomp Global Services is the leading BPO provider in CIS. Clients from many industries have relied onIntercomp since 1994 for non�core business processes outsourcing in the HR and F&A areas. Intercomp deliversservices to more than 650 clients, varying from 1 to 14 000 employees. Every fifth Company in Fortune Global 500list is Intercomp's client. Intercomp Global Services is ranked 1st in the rating of largest Business ProcessOutsourcing companies published by Rating Agency Expert. Intercomp has offices in Kazakhstan, Russia andUkraine. Further information is available at: www.intercomp.kz

Katch Kan™ is a Canadian company that entered the oil and gas industry in 1994, operating in 59 countries.Katch Kan™ is an ISO 9001, 14001 and COR certified company with the objective of optimizing rig performance,increasing personnel safety, and ensuring sustainable development within the upstream oil and gas industry. Toachieve these goals the company engineered the Rig Safety System™ and Zero Spill System™. The company's cus�tomers have reported that by integrating Katch Kan's Rig Safety and Zero Spill systems into their operations, theyexperience an increase in worker safety and operational efficiency, while reducing their environmental footprint for alarge return on investment. http://www.katchkan.com

PetroBright Engineering is a high�tech provider of engineering solutions to the petroleum refining and wasteprocessing industries. Being of Russian�Canadian descent, the company has offices in both countries, with theR&D facilities solely in Russia (Moscow, St. Petersburg, Tula, Serpukhov, Nizhniy Novgorod). Over its 5�year exis�tence, the company has brought together the best intellectual capital Russia has to offer, and hand�picked a num�ber of technologies to be included in its portfolio. Currently, the company is rolling out several prototype�industrialunits which will have a significant economic and technological impact on the industry. The company's efforts arespearheaded by Alexey Poliakov and Alexander Oganov � its two founders � both of whom have significant oil&gasand entrepreneurial experience. To learn more about the company please go to www.petrobright.com

Alpha Technologies is one of the world's largest manufacturers of uninterrupted power supply. AlphaTechnologies manufactures and supplies to Russia and the CIS countries on the full range of uninterruptiblepower supply equipment: uninterruptible power supplies (AC or DC) up to 800 kVA, special cabinets, converters,inverters, alternative power sources, and many other tools to meet your needs.

Top�Co is a specialized enterprise focusing its extensive resources on the manufacture, global distribution andtechnical support of float equipment and centralization casing cementing equipment and accessories. Since1963 Top�Co has been designing and manufacturing unique and differentiated casing cementing tools and deliv�ering real time wellbore solutions and product support to this demanding and time sensitive industry sector.

Shelter Industry � Canadian Manufacturer of shelters for various applications and industry sectors with man�ufacturing facilities in Vancouver and TianJin (China). This company focused on supply of temporary and semi�permanent buildings for oil and gas and mining industries is capable to meet expectations and offer shelter solu�tions to many applications and geographical locations. http://www.shelterindustries.com/

CVS Controls is an industry leader in the manufacturing of control valves and associated instrumentation prod�ucts and is a registered ISO 9001:2008 Canadian manufacturing facility. CVS focuses on the manufacturing, salesand support of control valves, instrumentation, automation, and reconditioned products and replacements parts forthe process control industry.

Visit us online today: www.cvs�controls.com

8 9Summer 2012CERBA Quarterly News

11TH ANNUAL VLADISLAV TRETIAK

CHARITY AUCTION IN MOSCOWTAKING OFF TO THE GREATWHITE NORTH (EAST)

One of the greatest challenges to doing business in Russia isgeography. Yet, great challenges are often met with great opportu�nity; and the Far Eastern District of Russia is no exception. Co�vering the entirety of the Russian Federation from Moscow (as wellas Uzbekistan and Armenia), the Trade Section of the Embassy ofCanada sees the regions as the next economic frontier in Russiaand is on the road constantly to expand the Canadian presence,fostering greater relations with regional authorities, seeking leadsfor Canadian commercial interests, opportunities for partnershipand providing support for Canadian companies already in opera�tion. Thus, with great enthusiasm, Ambassador Sloan accompa�nied by members of the Trade Team, embarked on a mission toMagadan Oblast and Chukotka Autonomous Okrug this April – a firstfor the Embassy.

Spurred by the occasion to visit Kinross' Kupol Mine, the teamspent 8 days traveling across some of the farthest reaches of theRussian Far Eastern District, meeting with local authorities, takingpart in numerous meetings with local government and business,site visits and participating in various cultural activities. Starting inMagadan, the team met with senior government officials at theregional and municipal levels and visited the Kolyma Refineryalong with members of the Kinross Team before heading toChukotka Autonomous Okrug. In Chukotka, the team once againbroke bread with regional and municipal authorities, discussingoccasions for increased and ongoing Canadian commercial activ�ity, finding opportunities in the aerospace, infrastructure, con�struction and mining sectors. The outreach additionally provideda firsthand opportunity to see the extent of Canadian businessalready present in the region as there is an extensive portfolio ofinfrastructure projects including a school, hospital, hotel, govern�ment buildings and at least one ice rink constructed by Canadiancompanies. These infrastructure projects were not only seen inthe Okrug capital of Anadyr, but again in the isolated indigenouscommunity of Kanchalan � a model community for the North.

The piece de resistance however was the Kupol mine itself.Kupol represents Canada's largest ever private investment in theRussian Federation and the largest ever foreign investment inRussia's mining sector. Located above the Arctic Circle in theChukotka Autonomous Okrug, the Kupol mine has been process�ing ore since 2008 and produced its 2 millionth ounce of gold inearly 2011. Kinross stands as an exemplary model of Canadiancommercial capabilities and of corporate social responsibility.Reaching 380 meters below the Earth's surface, Ambassador Sloanand members of the Trade Team were able to experience the real�ities of working in such an extreme environment and appreciateKinross' dedication and commitment to the health and safety of itsemployees both below and above ground.

This corporate stewardship is once again emulated in its appli�cation to the surrounding environment. Located in the delicateArctic ecosystem, sound environmental management and per�formance at Kupol continue to be a priority. As the North is a fun�damental part of our Canadian heritage, future and identity as acountry, Canada is committed to its vision for the Arctic as a sta�ble, rules�based region with clearly defined boundaries, dynamiceconomic growth and trade, vibrant Northern communities, andhealthy and productive ecosystems. As two Arctic nations, Canadaand Russia have much to learn from one another on the challen�ges of Northern development and the Kupol mine sets an excel�

lent example of the role business has to play in supporting ourcommon objective of sustainable development of arctic resour�ces while respecting the fragile ecosystem and needs ofNortherners.

Resource rich and recently deemed a priority area of theRussian economy by Vladimir Putin, Canadian Embassy engage�ment with the Far Eastern District is ongoing. Our team is hard atwork preparing for APEC this September in Vladivostok and willcontinue to follow up on commercial opportunities in the Far Eastand other areas of the Russian Federation.

The Embassy would like to take the occasion to once againthank Kinross and the local governments of Magadan andChukotka for their hospitality as well as give our congratulations toall the members of the Kinross Nuggets Hockey Team who tookhome their first Chukotka Cup as victors of the Anadyr Interna�tional Hockey Tournament. Congratulations, gentlemen!

The Trade Section of the Canadian Embassy in Moscow can bereached at +7 495 925 6000 (phone), +7 495 925 6025 (fax),email: rus.commerce@international.gc.ca, website: www.trade�commissioner.gc.ca.

On March 28, 2012 the Moscow Chapterof CERBA, together with the VladislavTretiak Foundation held its 11th AnnualCharity Auction at the beautiful and leg�endary Yar restaurant. The joint Canadianand Russian Charity Auction is one ofCERBA's most popular and importantevents. The auction is a wonderful exampleof international collaboration and partner�ship where both the Canadian and Russianbusiness community partner together tohelp underprivileged and disabled people.We are delighted to report that this year weraised over $190, 000 USD! The funds willbe used to purchase much needed equip�ment for the maternity department of theUlyanovsk Children's Hospital, to purchasetwo sensor rooms for children with disabili�ties, and to benefit several other social insti�tutions.

Since the Auction was first held in 2002,proceeds have been going to help those inneed, including children's and elderly insti�tutions. In previous years the TretiakFoundation has donated funds to schoolsfor partially deaf people and partially sight�ed people in Krasny Kut, as well as pur�chasing medical equipment, children'splaygrounds, sports equipment and furni�ture for rehabilitation schools in Saratov,and to the benefit of other social institutionsin Russian regions. Proceeds from the$213, 000 raised at last years auction wentto help the victims families of the Yaroslavlair disaster, purchase much�needed equip�ment for children's hospital in Saratov, andfor the construction of a variety of sportobjects for children across Ulyanovskregion to help local municipal authoritiesengage local children in healthy activities.

This year's event once again took place atthe legendary Yar restaurant. Guestsenjoyed the early 20th century atmosphere,gourmet food, and magic spirit of the his�

toric hall. The famous Yar restaurant kindlyprovided the venue and entertainment forthe Auction and hosted approximately 250businessmen, civil servants, diplomats, andcultural and social campaigners.

Those attending the dinner were spurredinto generosity by the presence of StateDuma Deputy and ice hockey legendVladislav Tretiak, a triple Olympic championwho famously stunned the Canadians withhis performance for the Soviet side in thesummit series in 1972. In addition to Mr.Tretiak, The Canadian Ambassador toRussia John Sloan, and CERBA ChairmanNathan Hunt welcomed Auction guests.

The $190 000 USD was raised from fivesources: sponsorships, donations, rafflelottery ticket sales, sale of the memorablesports items signed by Vladislav Tretiak,and the auction itself. Among many of theitems up for grabs throughout the eveningwas a weekend to Tuscany, Golden MaskTheater Performance tickets, a dinner andwine tasting for 12 people hosted byAmbassador John Sloan at the OfficialResidence, Tretiak limited edition Tissotwatches, hockey jersey of AlexanderOvechkin, dinner at the RestaurantBaltschug, Russian State Duma Tour,Blackberry Torch 9800, Vacation Stay atKolkunovo, dinner with Vladislav Tretiak atthe Yar, Shoes of Prey gift certificate, paint�ing by Alexander Bagramyan, Eurotour2012 tickets for Tretiaks's Box, weekendstay at the Ritz Carlton hotel, Tapas Rougetickets to Cirque du Soleil, weekend stay atthe Marriott Tverskaya Hotel, Dinner atSOHO, and a night's stay at the Swissotel.These items were presented and sold at thesilent auction.

The superb evening was capped by a liveauction. One of the Auction highlights wasthe fight for Vladislav Tretiak's Gold Plati�num Diamond Ring, celebrating the 40th

Anniversary of the USSR�Canada 1972 IceHockey Superseries. The ring sold for astaggering $53, 000 USD. The audiencealso watched with anticipation the auctionof Vladislav Tretiak's hockey jersey from theFebruary 25, 2012 exhibition game, sellingfor $7,000 USD. A Master Class withNickolay Valuyev was auctioned off for $10,000 USD, a set of tickets for the Quarter,Semi�and Final Games of the 2012 IIHFWorld Hockey Championship was sold for$12 000, a painting by Nikas Safronov wasauctioned for $10, 000, and finally tickets toattend Vladislav Tretiak's birthday party wasauctioned off for $7, 000USD!

Thus, the 11th Annual Charity Auction wass great success! We had a marvelous partywith many significant Russian and Canadianbusiness people, raising a considerableamount of money for people in need.

We would like to thank once again ourevent sponsors: Kinross, Akis�Story, ScotiaBank, Alpha Group, Passage Jewelers,Quest Travel, Kauffman, Audi, Pepsi,Merkator, Maison Dellos, Marriott MoscowTverskaya, EDC, RIM, Shoes of Prey, SOHORooms, Gowlings, ArtClub, Cirque DuSoleil, Hyatt and others. All these compa�nies displayed good corporate citizenshipby associating with a worthy cause support�ed by notable Canadian and RussianBusinesspeople. We would also like toexpress our sincere gratitude to all guestsof the auction for their support of this greatCharity initiative that united representativesof both countries and helped to furtherstrengthen mutual understanding and co�operation between Canadian and Russianbusinesspeople.

Deep within the Kinross Kupol Mine, Chukotka From left: Laura Lumsden (Embassy), Andreas Weichert (Embassy),Ambassador John Sloan, Claude Schimper (Vice President andGeneral Manager, Kupol, Kinross), David Mallette (Embassy), LouNaumovski (VP and General Director, Kinross Gold CorporationMoscow Representative Office), Warwick Morley�Jepson (RegionalVice President, Russia, Kinross).

Governor of Chukotka Autonomous Okrug, Roman Kopin icefishing with Ambassador John Sloan during Korfest 2012 in Anadyr

Canadian Ambassador John Sloan withVladislav Tretiak

Banquet hall at the historic Yar Restaurant

Presentation of the $190 000 USD raised during the evening

10 11

CERBA MINING CONFERENCE 2012

Summer 2012CERBA Quarterly News

CHUKOTKA CUPINTERNATIONAL HOCKEY

TOURNAMENT 2012

06 March, 2012

Lou Naumovski, Vice President and General Director, KinrossGold Corporation Moscow Representative Office, speaks aboutthe tournament: The origins of the Chukotka Cup internationalhockey tournament go back to 2009 when I asked the DeputyGovernor of the Chukotka Autonomous Okrug, LeonidGorenstein, if members of the Administration played hockey. Mr.Gorenstein answered that Chukotka is a hotbed of hockey, and inturn I asked him if the members of the Administration would beinterested in a friendly match against a team of Kinross manage�ment and employees. After that initial conversation, one thing ledto another and in April, 2010, the Kinross "Nuggets", a team madeup of Russian employees from the Kupol Mine and the KinrossMagadan Office laced up their skates and faced off against thetwo best teams in Chukotka, the Anadyr City "Dynamo" and theAnadyr Region "Polar Bears" (in 2011 we actually did play a friendlygame against representatives of the Administration and GovernorKopin promised that next year another game would again beincluded in the competition). And thus, a tradition was born!"

In 2010 and 2011, the Nuggets came up short in the final, hard�fought games against Dynamo, which won the Chukotka Cup inthe first two times the competition was organized. Anadyr City res�idents quickly came to appreciate that these games against the"Canadians" (despite the fact that there have never been morethan 5�7 Canadians and Americans on the Nuggets team of 20players…) have formed the highlight of the annual hockey calen�dar in Chukotka.

On April 20 and 21, the competition was held for the third time,and each of the three games attracted increasingly large crowdsof boisterous fans. Having tried to skate with the "big boys" in lastyear's competition, I realized that I could be more useful (and lessbruised) behind the bench, and I willingly took on Captain WayneBayrack's request to coach the Nuggets in 2012. What seemed to

be more than 500 fans crowded into the Anadyr Arena to witnessthe final game in which the Nuggets emerged victorious with a 13�6 victory in a game that was much closer than the score indicated,at least in the first two periods. The Kinross defence was expertlyanchored by CERBA's own Dmitry Yashin, who drew a crowd ofyoungsters wherever he went, and the tournament's best playerwas recognized as Kinross' Alexei Mezhensky, who scored sevenof the Nuggets' 26 goals over two games. It was sweet victoryindeed for the Kinross team after two years of disappointment.However, in the presence of Chukotka Governor Roman Kopinand Canadian Ambassador John Sloan, everyone present agreedthat the real winner was the game of hockey, which once againunited Canadians and Russian in the spirit of friendly competition.

CERBA Russia and Eurasia Mining Con�ference 2012 was held on the 6th of March,during the Prospectors and DevelopersAssociation of Canada (PDAC) annualinternational mining investment show inToronto. For over 10 years the conferencehas been a joint effort of CERBA, CanadianGovernment agencies (DFAIT, NRCan,EDC, AAND) and CERBA private sectormembers. This year the event was againincluded in the official programming ofPDAC for more visibility and accessibilityfor PDAC's participants and attendees.

The conference's 20+ speakers' multi�faceted agenda focused on the key miningindustry development trends in Russia andEurasia and offered an open discussion ofthe mining sector problems and opportu�nities by the industry leaders and govern�ment officials. 160 participants includedrepresentatives of leading mining compa�nies, investors, suppliers, governmentofficials and officials from the most signifi�cant mineral producing regions of Russiaand Eurasia who discovered the latestopportunities for investment and export inmining in Russia and Eurasia; learned howto work more effectively alongside Russianand Eurasian governments; found out howto raise capital for a mining project; hearddetailed mining success case studies; net�worked with the experts and decisionmakers of the industry.

This year's conference was also markedby an important event in the annals ofRussian�Canadian relations, namely the8th session of the Intergovernmental Eco�nomic Commission (IEC) and the sessionsof Canada�Russia Business Council in thesummer of 2011. These events continuedthe dialogue on the expansion of Russian�Canadian cooperation in the mining sphereand confirmed the long�term sustainablecooperation in the sector to create a favor�able investment climate for investors inboth countries. The sessions outlined theprospects of joint projects and expandedcooperation in exploration in the RussianFederation, Canada and other countries.Improvements in the legislation surround�ing subsoil mining were discussed to cre�ate a clear and transparent investment en�vironment in the mineral resources sector.Russian�Canadian connections in the min�ing industry have traditionally taken on aspecial role. In this sphere we see the mostambitious and concrete achievements.Kinross Gold were the first foreign investorsto acquire, with the permission of the Go�vernment Commission of the Russian Fe�deration, 100% of the strategic assets inthe mining sector, namely the deposits of"Dvoynoye" and "Vodorazvelnaya" in Chu�kotka. Moreover, Russian investment in theCanadian economy is also growing. "Se�verstal Gold", gold subsidiary of Russia'slargest steel company OAO "Severstal", in�creased its stake in Canada's "High RiverGold Mines" to 72.6%. OJSC "Atomred�metzoloto" achieved a controlling share inCanada's "Uranium One." The potential ofcooperation is far from exhausted and weinvite everyone who is willing to participateand take part in CERBA Mining Conference2013. Videos, presentations, pictures andmore >> www.cerbamining.com

To participate in CERBA Mining Conferen�ce please register at www.cerbamining.comor write to Katherine@cerbanet.org

Kinross Nuggets, Anadyr City Dynamo, together with the ChukotkaGovernor Roman Kopin and Canadian Ambassador John Sloan

Participants of the CERBA Russia and Eurasia Mining Conference 2012 Ginny Flood, Director General, StrategicPolicy and Planning, Minerals and MetalsSector, Natural Resources Canada

Stans Energy Corp Team with Mr. MuktarDjumaliev , Ambassador of the KyrgyzRepublic to the USA and CanadaLou Naumovski, Coaching the Kinross Nuggets.

*Diamond Sponsor

*Gold Sponsors

*Silver Sponsors

*Bronze Sponsor

Q: Mr. Varichev, tell us please why and how did you take an

interest in development of the Russian � Canadian econom�

ic relations.

А: Last summer Mr. Usmanov headed the Russian side of theCanada Russia Business Council (CRBC) and suggested that Ishould enter the management of the Council. Before that I par�ticipated in the meeting of the Canada Russia Business Councilheld on June 1, 2012 in Ottawa, where I had a chance to formthe opinion about the potential and the capabilities of develop�ment of bilateral economic relations and about CRBC role.Therefore I took an interest in this proposal.

Q: What is CRBC and what goals does it have?

А: CRBC is a noncommercial organization, which was estab�lished in 2004 as a joint project of the Russian Union ofIndustrialists and Entrepreneurs (RSPP) and our partner � Canadabusiness association CERBA. CRBC management sees its taskfirst of all in creation of prerequisites for expanding direct contactsbetween the Russian and the Canadian business communities, inpromotion of the Russian business in the Canadian market as wellas in assistance to the Canadian investors in implementation oftheir Russian projects.

Q: How is the Canadian business represented in Russia

today given the fact that the volumes of goods turnover

with the USA, England, Germany and Holland are by times

larger?

А: Look around and you will see that Canadian companies havelong and firmly settled down in Russia. This was the Canadian divi�sion of McDonalds which in 1990 launched and is now expandinga network of fast food restaurants in Russia; reliable and state�of�the�art BlackBerry phones are in deserved demand with our fel�low�citizens; Russian manufacturers of sausage products exten�sively use Canadian fresh sausage meat; ecological products ofthe Canadian house building industry is a dream of every Russiansummer resident of the countryside; and Canadian Cirque duSoleil performs in the Kremlin Palace of Congresses. The leadingmanufacturer of component parts for automobile industry Magnamanufactures products for GM, Volkswagen, Nissan and Hyundaiat its plants in St.�Petersburg, Nizhny Novgorod and Kaluga.However cooperation with the Canadian business is not limited tothese projects.

At the same time speaking about the volumes of goods turnoverwhich amounted to $2.8 billion in 2010, as well as about Canadiandirect investments in the Russian economy (approximately $600million), we shall note the figures are not yet impressive. This isexactly what V. V. Putin spoke about during the meeting with edi�tors�in�chief of the leading foreign mass media. Answering thequestion of Globe and Mail editor�in�chief, he described the vol�ume of trade and economic ties as very low and insufficient.

I believe that the potential of trade and economic as well asinvestment cooperation is very significant. We may learn a lot fromour Canadian partners about thoughtful and efficient develop�ment of natural resources � Canadian mining as well as oil and gascompanies are among the world leaders and implement large�scale investment projects in environmental conditions similar toours including the projects in the Far North and on the arctic shelf.In these areas Russia presents a significant potential market forCanadian mechanical�engineering, service and engineeringcompanies. Canadian expertise in establishment and develop�ment of innovation centers and technology towns is of particularinterest. This experience fits the Russian conditions much betterthan the American one, experts say. It is representative that RUS�NANO participates in the Canadian investment Pangaea VenturesFund, the funds of which are planned to be invested in 15�20 nan�otechnology projects in the areas of power efficiency and creationof new materials. RUSNANO's participation in the Fund will makeit possible to ensure technology transfer from Canada to Russia,including by localization of production facilities. Canadian compa�nies have submitted to RUSNANO a total of 10 applications forreview of joint projects.

Q: And yet Canadian companies are not eager to invest in

the Russian economy?

А: True, and there are several reasons for that. For instance,Canadian gold miner Kinross Gold Corporation is successfullyand responsibly operating in the Chukotka. This company hasconstructed a state�of�the�art mining complex in harsh arcticconditions. However this is the only example of large�scale for�eign investment in the mining industry as our legislation consider�ably restricts the rights of foreign investors in this field and in goldmining in particular. CRBC understands perfectly well that seriousinvestors will only come to a country where they are waited for � acountry with attractive and transparent legislation, with someother prerequisites for implementation of investment projects.Having thoroughly studied the advanced Canadian experience inmobilizing investments in this sector of economy, we organized aspecial RSPP meeting focused on optimization of the "rules of thegame" in this industry. The recommendations of the businesscommunity developed by us concerning modification of the legis�lation governing subsoil use were submitted to the State Duma,the Government and the Ministry of Natural Resources.

Most of the Canadian companies are small and medium�sized.These companies are focused on small but guaranteed income atminimum risks. Hence, traditional Canadian foreign economic pri�orities include the neighboring and well�tapped USA marketwhich accounts for 3/4 of the Canadian foreign trade within theNorth American Free Trade Area (NAFTA) as well as the marketsof Latin America and the Asia�Pacific region. Entering new mar�kets including Russia is associated for them with securing finan�cial and other guarantees from the Canadian Government agen�cies and financial institutions, as well as with overcoming of cer�tain stereotypes and fears. That is why last September we held anad hoc conference in Toronto called "Investing in Russia: mythsand facts, risks and opportunities". This was the first conferencein Canada fully focused on Russia and aimed at overcoming com�munication barriers in the sphere of investment cooperation.

Q: What is happening with the Russian investments in the

economy of Canada?

А: Purchase of the Canadian mining company Lion Ore byNorilsk Nickel accounts for the main volume of investments. Thisis the largest foreign capital investment of Russian companiesworth $6,3 billion. Among serious investors in the Canadian mar�ket we shall note Atomredmetzoloto Uranium Holding which hasconsolidated the controlling stake of the Canadian uranium min�ing company Uranium One Inc., Rostselmash company, whichowns 80% of shares of farm tractor manufacturer Buhler and twoenterprises in Winnipeg and Morden. Evraz Canada owns a num�ber of enterprises which manufacture pipes and metal products inCalgary, Surrey, Kamloops as well as the Regina ResearchCentre. Intergeo mining company is preparing to list its stock at

12 13Summer 2012CERBA Quarterly News

Toronto stock exchange, and this is the first Russian companybeing listed at the Canadian stock exchange. However, these areseparate examples. In general, Russian business is not that famil�iar with the Canadian market, and its promotion is hampered byrelatively low competitive ability of domestic products, lack ofbusiness standing and business culture, underdevelopment ofdealer and service networks and limited access to creditresources.

Q: How are you planning to change this situation?

А: We are planning to step up our activity in close contact withthe Canada business association, Russian Trade RepresentativeOffice and Embassy in Canada with the support of the Ministry ofForeign Affairs and the Ministry of Economic Development. Andnow is the right moment to do this � on June 12, 2012 we will cel�ebrate the 70�th anniversary of establishment of diplomatic rela�tions between our countries.

A large number of cultural and business events are dedicated tothis anniversary and they will be held with active involvement ofbusiness communities of the two counties.

Our Council and RSPP are supposed to become the stagewhich will allow to expand and structure direct contacts amongthe representatives of the Russian and Canadian business. Weare planning to involve Russian and Canadian business and polit�ical establishment which is interested in brand new and largescale development of the economic relations. Active supportoffered by the business community will allow to create comfort�able conditions for business, to resolve the existing problemsrelated to visas, to ensure protection of investments as well as toovercome administrative and communication barriers.

Moreover it would be interesting to involve such a potentialresource of development of cultural and economic ties as theRussian�speaking community in Canada which includes quite alot of businessmen and people with a proactive approach to life.

Naturally, our work shall be supported by strong justification,including analysis of the Canadian and the Russian markets withaccount of the focus of companies, as well as search of potentialniches.

Successful and efficient operation of CRBC also requires imple�mentation of an active information strategy, which includes pro�motion of successful examples of investment cooperation.

Q: What are the relations of CRBC with the Canadian part�

ners?

А: The Canadian business in Russia is united in the Canadabusiness association which includes today about 350 members.The Association also covers Russian companies, including BasicElement and Rostselmash. We have established sustainable pro�fessional contact with the management of CERBA as well as witha number of Canadian companies. We carry out joint businessevents in form of conferences, round�table discussions and busi�ness forums. The Embassy of Canada and personally ambassa�dor John C. Sloan bring a significant contribution to the develop�ment of relations between the business communities of the twocountries. As a specific feature of the Canadian businessmen, Iwould like to note that they are fanatically committed to hockey.They do not simply support this or that team, they play on a hock�ey rink themselves on a regular basis. On the week�end you canmeet Canadians on the ice arena of CSKA as well as on other icerinks of the capital. In this connection one can't help noting anoth�er important � but this time sport�related event � this year we willcelebrate the 40�th anniversary of the iconic Super Session 1972between the national team of the Soviet Union and the Canadianprofessional players.

In commemoration of this notable event an anniversary serieswill be held between the Russian and the Canadian teams.

Let's support our team!

INTERVIEW WITH

ANDREI VARICHEV,

BAIKAL MINING

COMPANY DIRECTOR

GENERAL,

METALLOINVEST

HOLDING COMPANY

GENERAL DIRECTOR

AND CANADA RUSSIA

BUSINESS COUNCIL

DEPUTY CHAIRMAN

Another great year for Canadian Gateway that representedCanada along with the Canadian Embassy and CERBA at theinternational Travel Show Intourmarket 2012 in Moscow,Russia. The show is initiated by the Russian Tourism Industryand strongly supported by Russian Government, Ministry forSport, Tourism and Youth policy of Russian Federation,Federal Agency for Tourism, Association of Tour operators ofRussia and World Tourism Organization bringing togetherhosted buyers & travel professionals from all Russian regionswith Russian & International tourism key players.

The event has raised awareness and high interest in theCanadian market among Russian people. An informativeseminar dedicated to different aspects of Canadian leisureand business travel took place within the show. CanadianGateway presented its business, education, event andleisure services and latest programs available in both NorthAmerica and Europe. We look forward to participating inIntourmarket 2013 and other related events next year.

Canadian Gateway would like to thank its main businesspartners Transaero Airlines, Scotia Bank, West CoastImmigration Consultants, Trump International Hotel & TowerToronto and TIC travel insurance for their participation andsignificant contribution to the success of this event.

As an official representative of the Federal Agency forTourism of Russian Federation, Canadian Gateway worksclosely together with our partners in both Canada andRussia to provide our customers with the best travel experi�ence. Canadian Gateway offers clients a wide variety of trav�el services ranging from worldwide business travel to sight�seeing tours conducted by local guides. We offer fully cus�tomized tours including flights, accommodations, carrentals, insurance and any other special activities you maywant to experience.

Let Canadian Gateway be your trusted travel provider forall your travel and logistics needs wherever your destinationtakes you.

Left to Rights: Larisa Pomula, Senior Sales and ProductDevelopment Specialist; Yury Manukhov, Representative of theFederal Agency for Tourism of the Russian Federation in Canadaand Business Development Director; Alla Grishkova, Head ofCorporate Sales Development in Foreign Countries at TransaeroAirlines; Julia Smirnov, Sales and Marketing Manager.

CANADA � YOUR NEW DESTINATION FOR

LEISURE AND BUSINESS TRAVEL!

1514

CERBA�VANCOUVER INTERNATIONAL MINING

CONFERENCE AT THE ROUND UP OF THE ASSOCIATION

OF THE MINING EXPLORATION BC

CANADA�KAZAKHSTAN COOPERATION FORUM

AND BUSINESS FAIR, VANCOUVER

On January 23rd, 2012, thefirst CERBA�Vancouver Miningconference took place on themargins of the Round Up of theBritish Columbia Association ofMining Exploration. Initially plan�ned as a roundtable, this eventhas grown into a half�day con�ference attended by the formerCanadian Ambassador to Kazakh�stan, Mrs. Margaret Skok; DeputyDirector (Department of America)of the Ministry of Economic De�velopment of Russian Federa�tion, Dmitry Sazhin; Senior TradeCommissioner of the RussianFederation, Konstantin Trofimov;First Secretary on Economy ofthe Kazakhstan Embassy in Otta�wa, Ruslan Ayabov; Assima Aubkir,Embassy of Kazakhstan in Ot�tawa; and a great number of re�

presentatives from both Cana�dian and international compa�nies.

The Conference was held atthe stunning Shangri�La hotel inDowntown Vancouver and focu�sed mostly on conducting busi�ness in Russia and Kazakhstan.High profile speakers at the eventincluded, Riger Richer fromB2Gold, Bruce MacDonald fromALS, and Pat Rocca from BoartLongyear. Participants mentio�ned the importance of such aplatform for exchanging infor�mation about new developmentsin the business and investmentclimate in Russia and Eurasia.

The results of the first everCanadian West�Coast Mining

Event were very well received byparticipants and presenters alike.The conference would not havebeen possible without the sup�port of Altynalmas Gold (PatronSponsor), Bakychik Mining, Fo�rensic Risk Alliance, CWS Indus�tries, International Visa PassportServices, ABC Language Solu�tions, and the Association of Mi�ning Exploration. Canada�Kazakhstan Cooperation Forum

and Business Fair took place in Vancouver onApril 13 at the Terminal City Club. The eventwas a part of the Business tour to the NorthAmerica, organized by the request of StateExport and Investment Promotion AgencyKaznex Invest. Two CERBA Chapters – Van�couver and Calgary � coordinated the project,which was partially funded by Kaznex Investand sponsored by Cameco and Altynalmas gold.

The delegation from Kazakhstan includedVice�Minister of the Republic of Kazakhstanon Industry and New Technologies, HonoraryMr. Nurlan Sauranbayev, General Director ofKazakhstan Engineering, Mr. Vadim Shashak�baeyv, two representatives of leading Kazakh�stan pharmaceutical company SK Pharma,General Director of Kaznex Invest, Mr. ArdakDossanov and his deputy Altynai Arapova.

Kazakhstan Embassy in Canada was repre�sented by the Councilor on Economy Mr.Daniyar Seidaliyev. The delegation was focu�sed on four major market sectors – mining, ma�chine engineering, pharmacy and agriculture.

Vancouver was the only stop of the Ka�zakhstan delegation in Canada – similar eventstook place in New York, Washington and Chi�

cago. Over 75 attendees came from Alberta,British Columbia, Manitoba, Saskatchewan,Quebec and Ontario. The program included anumber of presentations highlighting Cana�dian experience of doing business in Kazakh�stan, substantial new opportunities openingfor the Canadian companies in the region andfuture trends and perspectives.

Canadian companies also had the opportu�nity to attend One�on�One business meetingsessions with Hon. Mr. Sauranbayev, ArdakDossanov, Vadim Shashakbaeyv and SKPharmacy. Over 20 companies and organiza�tions attended the sessions going from11a.m. to 5p.m. almost without break.

The evening reception organized jointly withAltynalmas Gold was a nice finishing touch.

The Cooperation Forum and Business Fairproved a strong interest towards Kazakhstan

especially from the Western provinces ofCanada. A number of companies like Alham�bra Resources, KazaXMinerals, Hatch, AMCMining Consultants and many other represen�tatives of mining industry were able to discussactual issues and matters for expanding busi�ness in Kazakhstan. Government organiza�tions such as Manitoba Trade and Investment,and Trade representatives from the Quebecgovernment were able to establish necessaryconnections that will later bring opportunitiesfor developing cooperation with Kazakhstan invarious business sectors. Some innovationcompanies like NovaBioRubber have secureda support of the Vice Minister Sauranbayev oncooperation with Kazakhstan companies toimplement new technologies and advancedproducts.

CERBA Vancouver Chapter would like toexpress gratitude to the government of BritishColumbia, Manitoba, Quebec, and the Ka�zakhstan Society in Canada for their excep�tional support in making this event happen.

The CERBA Sustainability and EnergyEfficiency Conference took place in Van�couver on Mach 14th, 2012 at the Vancou�ver Terminal City Club on the margins onthe12th Biennial GLOBE Conference & TradeFair on Business and the Environment. Theconference touched on subjects such asenergy saving in the area of natural resour�ces and human habitat, and the role ofindustrial corporations in sustainable devel�opment of the regions. The event also high�lighted opportunities in the sustainabilitysector of the Russian Federation and CIScountries.

The conference was strongly supportedby Metalloinvest (Patron sponsor), Altynal�mas Gold, Forensic Risk Alliance, Pangaea

Ventures and CWS Industries. The eventattracted a great number of companiesexcited about opportunities in the energysaving sector in Russia and CIS countries.Attendees included: President and CEO ofRosnano USA, Dmitry Akhanov; Head ofNew York office of Vnesheconombank ofRussia, Alexander Danilov; Trade Commis�sioner of the Quebec Government, DamnienPereira; and other representatives frominnovative companies such as DEC Design,Uranium One, Questor Technologies, BallardPower and many others. The moderators atthe conference were Chair of CERBA Natio�nal Board, Nathan Hunt, and ManagingPartner of Pangaea Ventures, Keith Gillard.

The half�day conference highlighted pro�blems and opportunities in the developmentof energy efficiency technologies for vari�ous industrial applications and highlighted

the economic and environmental value ofdeveloping energy efficient technologies.The conference was co�organized by CERBAand the GLOBE Foundation. CERBA�Van�couver members had the opportunity to dis�play their corporate information at theGLOBE�2012 International Trade Showexhibition booth at Canada Place. The nextGLOBE Conference and Trade Show willtake place in 2014. Strong interest in energyefficiency technologies from both the Cana�dian and Eurasia�Russia business commu�nity will ensure CERBA and the GLOBEfoundation continue to cooperate togetheron future sustainability and energy initia�tives.

Roger Richer, B2Gold at theVancouver Mining Conference

Nathan Hunt at CERBA SustainabilityConference in Vancouver

Dmitry Chernov (Matropol Group), RobinMerrifield (Uranium One), Ken Clasby(CWS Industries), Tatiana Hobbs at CERBASustainability Conference

Dmitry Akhanov, Rosnano USA at CERBASustainability Conference

Ian Blakley, Altynalmas Gold atthe Vancouver MiningConference

Welcome speech (from left): Daniyar Seidaliyev, Embassy of Kazakhstan; Andy Graetz,Altynalmas gold; Tatiana Domilovskaya, CERBA Vancouver

Mr. Nurlan Sauranbayev, Vice Minister ofIndustry and New Technologies ofKazakhstan

Kazakhstan Business Delegation � repre�sentatives of Kazakhstan Engineering andSK Pharma

Director of Kaznex�Invest, Mr. Ardak Dossanov

Margaret Skok, formerCanadian Ambassadorto Kazakhstan at the VancouverMining Conference

Summer 2012CERBA Quarterly News

CERBA INTERNATIONAL SUSTAINABILITY AND ENERGY

EFFICIENCY CONFERENCE

ON THE MARGINS OF GLOBE 2012

On September 1, 2011 CERBA in associa�

tion with British Canadian Chamber of

Trade and Commerce and American

Chamber of Commerce organized an ex�

citing competition: MASTERS GOLF TOUR�

NAMENT at the Masters Lionhead G&C

Club. The event opened up the new busi�ness season in a team�spirited and fun at�mosphere! Members of 3 organizations hada chance to enjoy a round of golf with friendsand colleagues as well as Putting & ChippingGreen Contests, Champion Group Prize, Lunchand Premium dinner in the evening and 50amazing raffle prizes!

On September 22, 2011 CERBA organ�

ized the first ever Investment Confe�

rence, "Doing Business in Russia: Myths

and Facts, Risks and Opportunities".

CERBA brought together the most authorita�tive group of economists, analysts, investors,industrial companies and the financial sectorin order to demystify the political, legal andregulatory environment in Russia, assess theeconomic prospects, explain the formula forsuccess in the Russian market, and examinethe prospects for increased Canadian busi�ness in Russia – we strongly believe that wehave achieved our goals. This success is in nosmall part due to CERBA members' activeparticipation, interest, and enthusiastic andfrank discussions. We thank everyone for theactive support. Videos, presentations, pic�tures and more >> www.cerbanet.org/ic

On November 14, 2011, the CERBA To�

ronto and Montreal Chapters, jointly with

Forensic Risk Alliance organized a semi�

nar on foreign corruption acts and their

effect on capital market transactions

and M&A. Pressure from abroad and newssurrounding large settlement fines in the UShave pushed financial crimes prevention tothe top of the priority list for Canadian offi�cials. The re�introduction of the country'sCorruption of Foreign Public Officials Act(CFPOA) has led to a renewed focus on the

prosecution of international corruption inthis country. The proceeds of the event canbe found in the members' area of on CERBAwebsite.

CERBA Annual International Construc�

tion Conference 2011 took place on

November 29, 2011 and hosted about

200 delegates from Russia and Canada

The conference was organized in partner�ship with the Department of Foreign Affairsand International Trade Canada, the OntarioMinistry of Economic Development and In�novation, and the Canada Mortgage andHousing Corporation. Over a hundred of pri�marily Russian construction sector leadersparticipated in a busy program of the confer�ence dedicated to opportunities for Ca�nadians in rapidly expanding constructionmarkets in Russia and Eurasia: MR Group,Union of Russian Designers, Novaland, Sakha�proekt, Kapremproekt, Yakutproekt Institute,RosAvtodor and many others took part in theconference. Canadian representatives of con�struction, building materials, architecture anddesign companies, chambers of commerceand building agencies attended: CMHC Inter�national, MVH Urban Planning and Design,Peter Gabor Architects, Diamond and SchmittArchitects, Hopewell and many more. Thisfull day conference provided net working op�portunities, one on one meeting programs,conference panels, specific roundtable ses�sions and discussion on such issues as:Overview of the construction markets; LandDevelopment; Urban Planning and Archi�tecture; Civil Infrastructure; Roads, Bridges,Overpasses, Tunnels and Building Products.

December 1, 2011. CERBA is opening

the Market at Toronto Stock Exchange.

CERBA Toronto Board of Directors joinedRobert Fotheringham, Senior Vice Presi�

dent, Equities Trading, TMX Group to openthe market on Thursday December 1, 2011.Please view the video here>> http://www.youtube.com/watch?v=Tm8ub4xiWTk

On January 5, 2012 CERBA Organized a

Roundtable with H.E. Stephen Millar, the

Canadian Ambassador to Kazakhstan

About 40 representatives of Canadian pri�vate sector companies joined AmbassadorMillar to get a better understanding ofCanadian commercial interests in the regionand learn about some of the opportunitiesand challenges from the Embassy's per�spective in Kazakhstan.

March 5, 2012. CERBA National Board

Meeting with Honorable Ed Fast, Minister

of International Trade of Canada.

MINISTER OF INTERNATIONAL TRADE EDFAST conducted a CEO breakfast to meetwith CERBA member CEOs early on themorning of Monday, March 5 before attend�ing PDAC's conference. The purpose of themeeting was an informal, honest exchangeof opinions on how Canada should engageRussia and the Eurasian countries going for�ward. It was agreed that another consulta�tion would take place with CERBA privatesector members before the trade mission toRussia headed by the Minister and plannedfor 3�8 June, 2012.

March 5, 2012. CERBA National Board

Meeting with the new Ambassador of

Kazakhstan, H.E. Konstantin Zhigalov.

The new Kazakh Ambassador to Canada Dr.Konstantin Zhigalov – Ambassador Extraor�dinary and Plenipotentiary of the Republic ofKazakhstan to Canada held a short introduc�tory meeting with CERBA's National Boardof Directors on March 5th, 2012. Besidesthe introductions, general cooperation plansand information exchange the group dis�cussed the upcoming visits by delegationsfrom Kazakhstan and related CERBA events:Canada�Kazakhstan Cooperation Forum andBusiness Fair in Vancouver and Roundtablewith Mr. Alikhan Baimenov, Chairman of theAgency for Civil Service Affairs of Kazakh�stan (Minister).

March 7, 2012. Canada�Russia NORTHERN

TRADE and the Role of Ecotourism Forum.

As part of contribution to the Canada�RussiaArctic and North Working Group Protocol, aRoundtable on Northern Trade and the roleof Sustainable Tourism (Eco�Tourism) washeld in Toronto at the Investment and TradeCentre on March 7, 2012. The Roundtable built on the previous one heldin March 2011, but took the discussion to ahigher level to explore issues related to sup�porting infrastructure; developing tourism pro�duct and creating demand within the northerncontext; enhancing sustainability (includingenvironmental protection, cultural celebrationand corporate social responsibility); buildingstronger partnerships and further exploringinternational trade opportunities. The Roundtable also explored how tourismcould best interact with other industry sec�tors in the north, particularly mining. Repre�sentatives from Northern and Aboriginal bu�sinesses, the transportation, housing, tou�rism and mining industries in the North,Chambers of Commerce, Economic Deve�lopment Agencies and government agenciessupporting northern business were partici�pating. The format of the Roundtable includ�ed presentations and breakout sessions forbusiness�to�business interaction.For the event's proceeds please visitwww.cerbanorth.com or contact CERBAToronto office for more information and tosign up to participate in the discussions of theNorthern Forum 2013. The proceeds of theforum can be found at www.cerbanorth .comThe forum is supported by:

On March 27, 2012, CERBA held a Break�

fast Brief with H.E. Ilhom Nematov,

Ambassador of Uzbekistan.

Roundtable with H.E. Ilhom Nematov, Am�bassador Extraordinary and Plenipotentiaryof the Republic of Uzbekistan to the UnitedStates, Canada and Brazil was attended by anumber of Canadian businessmen interestedin the most recent developments and oppor�tunities in Uzbekistan, government pro�grams for foreign investors and most attrac�tive industries.

On 20 April 2011, CERBA hosted a

Breakfast Brief with the Ambassador of

Canada to Kazakhstan the Honourable

Stephen Millar. After welcoming remarks andintroduction of the key speaker by the

Chairman of the National Board of CERBA MrNathan Hunt, members and friends of CERBAin Almaty had an infrequent opportunity to lis�ten to the competent view of Mr Stephen Millar,Ambassador Extraordinary and Plenipotentiaryof Canada to the Republic of Kazakhstan onRecent Trends in Canada's Relations withKazakhstan and Central Asia. The breakfastbrief was very well attended and followed by apositive feedback.

On 28 April 2011, Canada Eurasia Russia

Business Association hosted a half�day

Educational Seminar on problematic

issues of Local Content, Procurements

and Work Permit Rules. The event gatheredover 40 representatives of Canadian andinternational companies. The key speaker at the Seminar Mr Zhuman�garin, First Deputy Chairman of the NationalAgency for Development of Local Content ofthe RK discussed the challenges and possi�ble solutions for practical application of thelocal content and procurement rules. Othertopics discussed at the event included theanalysis of the new work permit rules, withspecial emphasis on importance of creatingand maintaining healthy working relationshipand open dialog between Government Agen�cies and Subsoil Users.

This event was generously sponsored byTethys Petroleum and Kudu Kazakhstan:

On May 20, 2011 CERBA held a Net�

working Reception in Astana in Recog�

nition of Importance of Bilateral Ties and

Economic Partnership between Canada and

Kazakhstan. The event followed the annual

meeting of the European Bank for Recon�struction and Development in Astana and ga�thered a great number of companies and po�liticians in the capital of Kazakhstan. This Re�ception, sponsored by SNC�Lavalin andHeenan Blaikie was attended by over 50guests, including the representatives of theCanadian and Kazakhstan government (Mini�stry of Finance of Canada, Canadian Embas�sy, USA Embassy, Ministry of External Affairsof Kazakhstan, Ministry of Industry and NewTechnologies of Kazakhstan), as well as ofmajor Canadian, international and local com�panies and institutions.

July 1, 2011. Canada Day celebration:

1st Lobsterfest in Almaty. The centuries�old traditional Lobsterfest adopted from theMoscow Chapter of CERBA in combinationwith celebration of the Canada's birthday inAlmaty, has resulted in one of the most suc�cessful and popular social events. Attendedby over a hundred people of different ages,jobs and nationalities, the 1st Lobsterfest inAlmaty was a most enjoyable evening foreveryone. Fresh lobsters, home barbeque andlive music for parents and a variety entertain�ment program for kids, should we say more?On 1 July 2012 we will be happy to welcome allCERBA members and friends at this popularsocial event! If you happen to be in Almaty atthat date, come and join? It will be fun!

16 17

ALMATY Chapter

TORONTO Chapter

Summer 2012CERBA Quarterly News

Nathan Hunt, CERBA National Chair andMinister of International Trade Edward Fast

Plenary Session at the Northern Trade andthe Role of EcoTourism Forum

From left to right: Alex Nisengolts, KPMG;Serik Zhumangarin, NADLoC, GoranLatkovic, Cameco Corporation

Left to right: Alex Nistratov, Andrew Webb,David Mallette

Left to right: Simon Bellas, James Clark,Keith Gaebel, Stephen Millar, IrinaTabarina, Banat Ashkenova, Nathan Hunt)

LOOKING BACK

Bodwell High School is a private coeduca�tional boarding school, offering grade 8�12instruction, and university preparation. Foun�ded in 1991, Bodwell High School is situated ina picturesque corner of Vancouver, BritishColumbia. The school is certified and inspectedby the British Columbia Ministry of Educationand is a recognized leader among Canadianboarding schools. The majority of graduates(97%) successfully enter universities, and manyof them receive scholarships.

Bodwell constantly ensures improvementand adherence of its curriculum. The schoolfocuses attention on students' physical, aes�thetic and cultural development. All studentsare required to participate in extracurricularsports and other activities. Bodwell organizes alarge number of cultural and recreational eventswhich include outings to theaters, sports com�petitions, excursions to different cities, etc.

The school year is divided into three semes�ters: fall (September�December), winter(January�April), summer (May�July). New stu�dents can start school at the beginning of anytrimester. The trimester system allows students tofinish the school program faster and thus com�plete 3 grades in 2 years, if desired.

Students can live in onsite dormitories. Therooms have spectacular views of the mountainsand the bay. Girls and boys live in separate sec�tions of the dormitory under constant supervi�sion of hall advisors. Another accommodationoption is staying in carefully selected Canadianfamilies, where the student is given a full room

and board in a private room.The cost of tuition and accommodation with

full board is $22,000�28,000 Canadian dollars.Bodwell also offers short�term summer and

academic programs in July and August:www.bodwell.edu/summer

For additional information and applicationprocedures visit www.bodwell.edu or contactMr. Boris Remes at +1 604 924 5056 /boris@bodwell.edu.

Nicolas Kipper, General Manager:

«Whether you’re traveling for busi�ness, pleasure, or planning a meeting,the five�star Marriott Moscow Grandfocuses on what it takes to makeyour trip successful.»

In 2012 five�star Marriott Moscow Grand, oneof the most prestigious hotels in town cele�brates its 15th anniversary. The Hotel sits smackin the middle of Tverskaya Street between theBoulevard and Garden Belts close to the mostbeautiful historical landmarks and in the centerof the city’s cultural life.

The architects of Marriott Grand had their jobcut out to make facade fit into the character ofTverskaya Street and add to its beauty. In thissense the Grand can be called a typical Tvers�kaya street building, the middle part of which wasstylized to look similar to the surrounding build�ings, while the first and the last floors were inten�tionally made more decorative, to distinguish thebuilding from its neighbors. The architects andbuilders managed to successfully incorporatethe remains of the old Russian buildings includ�ing 300�years old cellar into the design of adeluxe five�star hotel.

Today Marriott Grand is managed by an Ame�rican company Interstate Hotels and Resorts,the largest independent hotel managing com�pany. Marriott Grand is unique among Moscow’shotels in terms of the quality of service, theprice�value ratio and convenient location. Itsguests will find here the quality of service andcomfort they are entitled to expect from hotelbelonging to the international Marriott chain.

386 rooms and 3 Executive floors offer utmostcomfort and luxury combined with modern com�munication technology for the convenience ofthe business traveler. Moscow Grand’s uniquefeature and pride is one of Moscow’s biggest fit�

ness centers with an area 1,000 square meters,with a heated swimming pool, a modern gymand saunas. Massage, beauty treatments andhairdressing are available at Kurakin LuxuryBeauty Salon. Fully equipped Business Center isopened 24�hours 7 days a week.

Marriott Grand was one of the first hotels inMoscow to introduce wireless Internet service.

Now wired and wireless Internet is available in allrooms and conference floor, and in lobby areait’s complimentary for hotels guests.

The superb restaurants of Marriott Grand arerepresented by Grand Alexander featuringmodern European and Russian cuisine, and all�day dining Samobranka, famous for its SundayBrunches. Lobby Bar is an ideal place to meetboth for business or a relaxing drink.

For conferences, corporate meetings andprivate events Marriott Grand offers ten meet�ing rooms with total area of more than 850 sqm,which can accommodate any need from aninternational forum to an extravagant banquet.A unique feature of Marriott Grand is the profes�sional organization of outside catering includinga variety of menu options, all the needed equip�ment, impeccable service and a full range ofadditional services.

At varying times Marriot Grand hosted high levelpolitical visits, and stars of sport and show biz.

Marriott Grand holds a number of local andinternational awards: «Best hotel in Russia forbusiness meetings and conferences» by WorldTravel Award (2010), Best Congress hotel in Russiaby Russian Business Travel & MICE Award (2011),Winner of Certificates of Excellence by Tripadvisor(2011).

Bodwell High School, Vancouver,British Columbia

Nicolas Kipper, General Manager

18 19

On September 21, 2011, Macleod Dixon

and Canada Eurasia Russia Business Asso�

ciation hosted the Breakfast Brief on

Attestation of Production Facilities in Al�

maty. Under the Labour Code of Kazakh�

stan, each company which has a productionfacility (manufacturing department, productionline etc.) must certify/obtain attestation of theproduction facility confirming that it complieswith the relevant working conditions. Suchexercise should be done not less than once infive years. Non compliance with that require�ment may result in the labour legislation viola�tion and subsequent administrative fines. Thekey speaker at the event Ms Tatiana Muratova,Partner at Macleod Dixon, pinpointed that thedefinition of attestation of production facilities,as provided for in the Labour Code, includesworkplaces attestation: this raises the questionof whether all workplaces are subject to attes�tation, or those only associated with a produc�tion (following the logic and meaning of theattestation of production facilities). In practice,the lack of clarity in this issue gives rise to adouble interpretation and improper applicationof norms of the law by state labour inspectors,which in its turn, results in wrong understandingof and improper compliance with the norms ofthe current labour laws by employers. In thecourse of debates on the substance of theattestation process, it was proposed to initiateintroduction of changes to the Labour Code ofKazakhstan in part of attestation of productionfacilities by writing a collective letter to theMajilis from CERBA members.

On 19 February 2012, members and

friends of CERBA gathered together for

a Canadian Family Day Celebration in

Almaty. Together with kids, we playedmini�bandy, watched a family movie andhad a lot of fun playing team and boardgames. This event was generously support�ed by Uranium One and Chagala Group.

On November 16, 2011, CERBA hosted a

Dinner with the Ukraine Deputy Minister

for Foreign Affairs, Mr.Pavlo Klimkin.

CERBA welcomed Mr.Klimkin to Canadaand discussed opportunities & challengesfacing Canadian businesses in Ukraine.

On February 12, 2012, CERBA together

with the Centre for European Studies at

Carleton University organized a presen�

tation by Dr. Piotr Dutkiewicz on the

Russian Elections and their Aftermath.

Dr. Dutkiewicz presented his analysis of theValdai Club discussions held in November2011 with then Prime Minister of the RussianFederation and candidate for presidencyVladimir Putin, and what this might mean forRussia as well as its business & politicalpartners in 2012 and beyond.

On September 2, 2011 CERBA hosted a

Welcome Back Reception and Seminar

on New Processes for Obtaining Your

Russian Visa and Recent Success Story

on Entering Russian Energy Market. TheCalgary Chapter welcomed back its mem�bers and friends and reported briefly onupcoming events. We heard from CaitHouston of IVPCS about changes to theprocess for Canadians obtaining a Russianvisa. Over refreshments and snacks, we alsoshared success stories about entering theRussian market and were particularlypleased to hear that Andrew Kavanagh ofSAGE Energy contributed his recent suc�cess to CERBA's support.

October 25, 2011. Introduction to product

certification for importing industrial mate�

rial and equipment into Russia & Kazakh�

stan AND New Visa Process for Russia.

Vladimir Alexandrov and Bill Jeffs of Velosi(Canada) provided a very informative presen�tation about the processes involved in the cer�tification of equipment into Russia and Ka�zakhstan. We were pleased to offer this lunch�eon seminar in Edmonton. The luncheon alsoincluded the presentation by Cait Houston ofIVPCS on changes for obtaining Russian visasthat was made earlier in Calgary.

On November 16, 2011 CERBA organized

a Risk & Compliance Seminar on Naviga�

ting the Increasing Requirements of Inter�

national Bribery and Corruption Acts.

Frances McLeod and Toby Duthie, co�foun�ders of Forensic Risk Assessment gave amost informative overview of the impact offoreign anti bribery and corruption laws inthe UK and USA on Canadian businessoperating internationally.

April 11, 2012. Tax Report – Russia and

Kazakhstan. Roman Vorsin of Deloitte (Cal�gary) provided a detailed overview of tax lawsand regulations in both Russia and Kazakhstanas they may affect Canadian companies doingbusiness in there. He also spoke to some of thechallenges facing foreign companies operatingthere but also emphasized the opportunities.

April 25, 2012. An Overview of Business

Opportunities in Uzbekistan and Mongolia.

Erkin Atakhanov of PWC (Calgary) gave a veryinformative overview of the business climate inboth Mongolia and Uzbekistan. These coun�tries are not as yet well understood byCanadians and while there remain operationalchallenges, the opportunities are also great.

On January 26, 2012 CERBA held a

Cocktail Brief with Chris Weafer, Chief

Strategist of Troika Dialog, on the con�

sequences of Russia's accession into

the World Trade Organization (WTO).

The presentation gave an enlighteningoverview and strategic analysis of the cur�rent Russian investment climate and out�lined potential scenarios for Russia's futureinvestment climate. CERBA would like toexpress its sincere gratitude to ZAO Deloitte &Touche CIS for sponsoring the event!

On March 20, 2012 CERBA held its

Annual Tax Update. Participants gatheredat Hotel Baltschug Kempinski Cafe Kranzlerto listen to leading experts from Ernst &Youngand KPMG on the most recent changes tothe Personal Tax Legislation impacting expa�triates living and working in Russia. CERBAwould like to express sincere gratitude to theGold Sponsor of the event – Ernst & Young.

The CERBA�RBCC Reception devoted to

Cosmonaut's Day took place in April 12,

2012. The unique event took place at theMoscow Planetarium! Guests were hon�oured to enjoy the company of our specialguest, Sergei Zhukov, Test Cosmonaut andDirector of Space Technology and Telecom�munications Cluster of the Skolkovo Fund.The crowd enjoyed a video session in the BigStar Hall before networking with deliciousfood and drink at the evening reception heldat Telescope Cafe.

OTTAWA/MONTREAL Chapter

Summer 2012CERBA Quarterly News

CALGARY Chapter

MOSCOW chapter

Bodwell High School

15th anniversaryof MarriottMoscow Grand