OREANDA-NEWS. July 29, 2010. Veles Capital released daily market review:

Enel WGC-5: great IAS results for 6 months of 2010. Sales of Enel WGC-5 for 6 months of 2010 grew by 34% versus the similar period of 2009 and formed 25.8 bn RUR. Sales growth was primarily provided by the increase of power energy output by 20.5% (up to 20,834 GW per hour) at the expense of power energy consumption raise related to the improvement of the economic situation and extremely cold winter this year, and also due to the price growth on power energy at the free market and the increase of selling volumes there.

Conflict between Polyus Gold and holders of Kazakh Gold is getting worse due to involvement of state authorities of Kazakhstan. Economic and corruption crime government Agency of Kazakhstan (financial police) engaged a case against the management of Polyus Gold suspecting they conducted fraudulent activities when processing the deal with Kazakhgold. We expected significant support from the powerful Asaubaev family on behalf of they close surrounding in the state authorities due to the Eastern family system in Kazakhstan.