CERBA MAJOR EVENTS 2019 TABLE OF CONTENT SEPTEMBER Forum NurSultan, KazEnergy Week and Kazakhstan Eurasian KAZENERGY OPINION Forum CERBA Chairman's Message...... 4

NOVEMBER ASSOCIATION NEWS

Business Mission Regina, CERBA Business New Members...... 6 Canada Mission to Agribition Show Member News...... 9

DECEMBER MAIN STORIES CERBA Eurasia Mining Conference and Conference Toronto, XIV CERBA Eurasia Canada Construction and Forum...... 13 Infrastructure Conference 2019 KCBC Mining and Natural Resources

Working Group...... 15 CERBA MAJOR EVENTS 2020 First CERBA Mission to Mongolia ...... 16 Alberta Oil&Gas Mission to Atyrau ...... 18 JANUARY KCBC Energy Conference in Atyrau ...... 19 Conference Vancouver, IX CERBA International Canada Mining Conference on CERBA organizes the largest ever Canadian the Margins of AME BC Roundup2020 Trade Mission to Uzbekistan ...... 20

MARCH Canadian Business Mission to the St. Petersburg International Economic Forum Conference Toronto, XX CERBA Eurasia Canada Mining Conference 2020 2019...... 22

JUNE RCBC Conference on Corporate Social Responsibility...... 23 Business Mission St.Petersburg, CERBA Business Mission to St. Petersburg CERBA Mission to Innorpom 2019 and Global International Economic Forum Manufacturing and Industrial Summit (GMIS)....25 JULY CERBA Business Mission to Zabaikalye...... 27 Business Mission Ekaterinburg, CERBA Business Mission LOOKING BACK Russia to INNOPROM Events and Association Activities ...... 30 SEPTEMBER Business Mission Vladivistok, CERBA Business Mission Russia to Eastern Economic Forum On the cover: Lake Baikal, Russia NOVEMBER Conference Toronto, XV CERBA Eurasia Canada Construction and CERBA NEWSLETTER Infrastructure Design: Dmitry Radomsky Conference 2020 IN THIS ISSUE:

NATIONAL BOARD OF DIRECTORS NEW MEMBER SERVICES:

Chairman Job Bank: post your job openings on our website GILLES BRETON Chairman of the Board, CERBA CERBA attracts a lot of jobseekers who possess very specific skills. Posting your opening on our website will enhance its vi Directors sibility and outreach to potential candidates and will give you BORIS ARYEV Stans Energy Corp. the opportunity to target your desired audience. For CERBA CHRIS WESTDAL Silver Bear Resources members we offer this service as a part of the membership DANIEL KISELBACH Miller Thomson LLP package, but it is also available for nonmembers for a fee. ERIN CAMPBELL (CHUTTER) ECMB Capital Partners GRANT WINTON Alberta International Development Office & Intergovernmental Relations Career postings can be listed on our website by: MARTHA HARRISON McCarthy Tetrault LLP Members free MELVIN DHANARAJ Sensei Technologies Nonmembers $200 + tax MICHIEL VAN AKKOOI Kinross Gold Corporation NATHAN HUNT Ronald A. Chisholm International Career postings should be sent to your local CERBA Regio NEIL WITHERS CFA Association Russia nal Director electronically. Submissions are accepted in Word NICOLAS FRESNE Former Head of Quebec mission in Moscow or PDF. Requests for job postings from nonmembers should NORMAN STORM Falcon Oil&Gas LLP include billing information or a Visa, Mastercard or Amex Bombardier PIERRE SEIN PYUN number. Positions are posted for 30 days or until the appli PIOTR DUTKIEWICZ Carleton University cation deadline, whichever is earlier. For more information STEPHEN PARKES PEMD Group Inc. please contact your local CERBA Regional Director.

ALBERTA BOARD OF DIRECTORS MOSCOW BOARD OF DIRECTORS Resume Bank: Chairman Chairman Dear CERBA Members, we are happy to remind you of an Stephen Parkes PEMD Group Inc. Nathan Hunt Ronald A. Chisholm International addedvalue service included in your membership package, the Directors Directors resume bank. Among our dedicated volunteers and interns Erin Campbell (Chutter) ECMB Capital Alexander Skoblo Dentons Russia there are a lot of talented bilingual and multilingual professio Partners Anatoly Andriash Norton Rose Fulbright nals who are searching for new career opportunities. Erkin Atakhanov Personal Finance Consulting Clark Dillon Bailey EuroChem Group If you are looking to fill in a position with your company please Laurent Auger Alberta International Luc Jones Fircroft feel free to have a look at the resumes in the memberonly sec Intergovernmental Relations Madina Assylbekova Gowling WLG tion of our website and contact the potential candidates directly. Matt Wills John Deere Construction & Nonmembers are also welcome to submit their resumes to this Forestry Division section for a fee. KAZAKHSTAN BOARD OF DIRECTORS Mikhail Romanov Ernst & Young Chairman Neil Withers CFA Association Russia Norman Storm Condor Petroleum Pavel Zhelvis RusTechnip LLC Vice Chairman Robert Machowski HATCH CERBA LINKEDInspired Alex Chernoff PetroKazakhstan Ron Lewin TerraLink Technologies Would you like to be the first to know what is new in the CERBA Directors Stanislav Borodyuk Kinross Gold Corporation community? Dmitry Barsukov Cameco Kazakhstan Svetlana Bobrovich Barrick Gold Corporation Please follow our company page on LinkedIn: Gordon Haskins AlHilal Bank Observers http://www.linkedin.com/company/canadaeurasiarussiabusiness Kanat Skakov Dentons Annick Goulet Embassy of Canada in Moscow association Kirill Afanasyev Schneider Group Kazakhstan Stephanie Loiseau Embassy of Canada in Receive regular updates from us and feel free to like, share and comment! Mark Fidnlay Arctic Group Moscow CERBA members, we would like to remind you that you are most wel Rustem Ikramov CTP Equipment come to start discussions, share your views and ask questions in our Ulf Wokurka Kazakh Invest exclusive memberonly LinkedIn group. Created specifically for the con Zhanserik Alimzhanov Kazakh Invest OTTAWA BOARD OF DIRECTORS venience of our members, this group is an excellent place to start a new Observers Chairman conversation, bring up a pertinent issue or just reconnect to someone Darren Smith Embassy of Canada to Gilles Breton Former Deputy Head of who shares the same values. Kazakhstan Mission, Canadian Embassy to Russia Shokan Omarov Embassy of Canada to Directors Kazakhstan Alexandra Logvin Fasken Martineau DuMoulin LLP Christopher Westdal Silver Bear Resources MEMBERSHIP MONTREAL BOARD OF DIRECTORS Greg Shields Hyperline For membership inquiries, please contact your regional CERBA office: Chairman Pierre Pyun Bombardier Nicolas Fresne Former Director of the Observer TORONTO CHAPTER Vera Dedyulya Quebec office in Moscow Cecilia Silundika AANDC email: [email protected] Directors Phone: 1 (647) 822 8149 Alexandre Borduas BRP MONTREAL CHAPTER Sebastien Dakin Leo Knaapen Bombardier TORONTO BOARD OF DIRECTORS email: [email protected] Observer Chair Jocelyn Neron Ministere de l'economie, de Martha Harrison McCarthy Tetrault LLP Phone: 1 (514) 575 6334 l'innovation et de l'exportation du Quebec Vice Chairman VANCOUVER CHAPTER Tatiana Domilovskaya Wolfgang Spillner Logistics Consultant email: [email protected] Directors Phone: 1 (604) 720 2905 VANCOUVER BOARD OF DIRECTORS Alex Peshekhonov Global Performance ALBERTA CHAPTER Frank Kense Chairman Improvement Inc. email: [email protected] Erin Campbell (Chutter) ECMB Capital Alex Shifrin Launch*Pad Phone: 1 (780) 915 1110 Partners Bidhu S.Jha OTCL OTTAWA CHAPTER Sebastien Dakin Directors Boris Aryev Stans Energy Corp. Bryan Hughes EDC Jeremy Wyeth Wood PLC email: [email protected] Daniel Kiselbach Miller Thomson LLP Maria Vorobieva SkyPower Global Phone: 1 (514) 575 6334 Dominique Spragg Viking Air Mike Van Akkooi Kinross Gold Corporation KAZAKHSTAN CHAPTER Taskyn Koshman Dr. Stephen Ramsey Grey Owl Engineering Robert C Kay Migao Corporation email: [email protected] John Kitchen Steveston Net and Gear Robert Glasgow McCarthy Tetrault LLP Phone: 7 (777) 113 4477 John Sloan Former Ambassador of Canada Sergey Stefanishin Osler, Hoskin & Harcourt LLP MOSCOW CHAPTER Alex Grichine to Russia, Armenia and Uzbekistan Vera Chefranova KPMG email: [email protected] Joseph Bonvillain Manning Elliott LLP Phone: 7 (985) 762 1240 Melvin Dhanaraj Sensei Technologies MANITOBA CHAPTER Tom Nevakshonoff Observers Tulegen Kalau ENERTEKKazakhstan email: [email protected] Victoria Hayes Ministry of International Trade Phone: 1 (204) 664 2111 (BC Provincial government) UZBEKISTAN CHAPTER Alexander Antonov email: [email protected] Phone: 998 (71) 2539205 OPINION

logy and knowhow, thus supporting modernisation in the CERBA CHAIRMAN'S countries receiving the investment. MESSAGE While it is regrettable that there should even be questions about the intrinsic value of trade, it offers the opportunity to reaffirm CERBA's raison d'etre as a business organisation. In the context of the economic relations between Canada and the countries of Eurasia our efforts to promote trade and investment and make it even more profitable to all sides have usefully focused on diversification for trade and on cor porate social responsibility for investment.

Trade diversification, or the efforts to move trade flows beyond the path of least resistance, has been an area where CERBA and the Government of Canada, united by a com mon fundamental objective, have cooperated even more effectively than before in the past year. The targeted funding provided by the Government of Canada has been instru mental in increasing the reach and impact of many trade promotion events organised by CERBA. We can only hope that this targeted funding will become a permanent feature Gilles Breton, Chairman of the CERBA National Board, CoChair of Russia Canada Business Council of the Canadian trade promotion tool kit.

Dear CERBA Members, The successful trade mission to Uzbekistan in May 2019

Let me start with the observation that we have seen some was a prime example of the diversification approach. The interesting developments lately that could indicate the socie new political and economic circumstances in Uzbekistan tal perception of international trade is beginning to change. offer a wide range of opportunities for the expansion of bilat eral economic relations. The country's greenfield FDI is

Among many others who have recently addressed the cur surging and with the establishment of a CERBA Chapter in rent problems of international trade, an important Canadian Tashkent at the time of this mission, we can now expect a newspaper recently published a long article that was meant substantial increase of our involvement in Uzbekistan. as a reminder of the broad consensus among economists that trade makes nations richer. Drawing mainly on the con Although there is already an important Canadian presence cepts of specialisation and comparative advantage, the arti in Kazakhstan, the May 2019 Trade Mission to the Atyrau cle explains the intrinsic benefits of trade. The article could region, the oil and gas capital of Kazakhstan, and annual have been written at CERBA. In a timely manner, it counters Canadian presence at the Kazakhstan International Oil and the illinformed opinion that has been expressed very pub Gas Exhibition (KIOGE) in Almaty also fit in the diversification licly at the highest level about "unfair" trade, an opinion that model: diversification here implying moving beyond the cap has cost some doubts about the impact and contribution of ital city and involving another level of government both on trade to global wealth. Although investment is not under the receiving and sending side. attack, at CERBA we probably would have added a com mentary about foreign investment as another key element in This is the occasion to salute the strong support received wealth creation as well as a vector for transferring techno from the Government of Alberta to facilitate the participation

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of Alberta companies in both important forums: in Atyrau Conference on Corporate Social Responsibility, organized and Tashkent at Oil and Gas Uzbekistan Trade Show. by our Moscow Chapter jointly with the Russian Union of Entrepreneurs and Industrialists (RSPP) in the framework of We are now preparing for the next session of the the Russia Canada Business Council. KazakhstanCanada Business Council (KCBC) that will be held in NurSultan in May 2020 on the eve of the annual As the Canadian cochair of the RCBC, it is most appropri Economic Forum and meeting of the Foreign Investors' ate for me to acknowledge that we are marking this year the Council. It's expected that a sizable Canadian delegation will 15th anniversary of the CanadaRussia Business Council, an partake in the Working Groups of the Council on mining and institution that has been vital in keeping CanadaRussia oil&gas, finance, aerospace/transportation and agriculture. business dialogue alive. Since its inception in 2004 by CERBA and RSPP, it has had a long history of achieve Other activities such as our participation in the annual ments. RCBC held its first general meeting in October 2005 Eastern Economic Forum in Vladivostok and our recent in Moscow, marking the establishment of active committees Trade Mission to Mongolia likewise reflect our focus on focusing on individual industry sectors. The first ever diversification. The discussions we had at the April 2019 CanadaRussia Business Summit, was then held on March Conference organised at Carleton University on the theme 2627, 2007, in Ottawa. This event successfully combined of regional initiatives for economic development in the the 6th session of the CanadaRussia Intergovernmental Greater Eurasian Union also highlighted the fact that the Belt Economic Commission (IEC), cochaired by the Honourable and Road Initiative (BRI) is clearly seen by the very countries David Lee Emerson, Minister for International Trade of that are participating in it as an opportunity not as a threat. Canada and Russian Agriculture Minister Alexey Gordeyev, Modernising the transport infrastructure in the Greater and the second meeting of the CRBC. Interest and atten Eurasian region may indeed have an impact on global trade dance from both sides was high with over 300 participants flows, but, by all accounts, will also facilitate diversification. including special guest Vladislav Tretiak, the famed Russian goalie in the 1972 CanadaUSSR hockey summit, now a The Eurasian Economic Union (EAEU) was also a major topic Duma member and cochair of the Canada Russia of discussion at the abovementioned Carleton University Parliamentary Friendship Group. Nowadays, RCBC still Conference as it was at the June 2019 St. Petersburg maintains the traditional format of the regular bilateral indus International Economic Forum (SPIEF). We, at CERBA, have try working group meetings, complementing it by regular always seen the EAEU as a vehicle for Canadian exporters toplevel forums and conferences held under the RCBC to gain better access to a greater market. We can only be umbrella devoted to the most pressing issues for interna satisfied that the perception of the EAEU as an economic tional business. Now, more than ever, RCBC serves as an integration and modernisation mechanism is becoming essential vehicle for facilitating business cooperation and more widespread and more positive, and even more that advocating on behalf of its members with governments on Canadian companies are already beginning to take advan all levels. We appreciate fully the active involvement of our tage of this new "common market". Russian partners at the Russian Union of Entrepreneurs and Industrialists (RSPP) and, on the occasion of this anniver On the investment side of the ledger it is worth noting that sary, we would like to congratulate Alisher Usmanov, the the most senior presentation by a Canadian representative Russian cochair of the RCBC, Andrey Varichev, RCBC at the June 2019 SPIEF was by Kinross President Paul Executive Director from the Russian side, Vladimir Trifonov, Rawlinson on the theme of corporate social responsibility, RCBC Executive Secretary. We hope for many more years Kinross Gold being recognized as one of the pioneers and of productive cooperation and partnership. best performers in this area. Kinross Gold also provided a key support for another major June 2019 event, the RCBC

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to importers and exporters who value exceptional customer Contact: service. Tanya Kan Director Since 1992, our mission has been to provide the highest level Tel: +1 (236) 8632250 of expertise and service to our clients as they move their Email: [email protected], goods down the block, across the continent or around the [email protected] world. We strive to understand your unique needs, allowing us Website: www.ortustechnology.ca to become an integral part of your business. Powerry Our strategy is simple, which is why it remains unchanged Powerry is a vertically inte and as relevant today as it was the day we started: grated provider of data 1. Provide unparalleled customer service processing solutions. 2. Lead the industry with innovative inhouse technology Company's activities include development of products and 3. Prioritize relationships both locally and internationally services based on artificial intelligence, rendering & highper formance computing, web applications hosting as well as dig We know your business is built on advantages that give you ital assets management solutions. an edge over your competitors. We'll help you sharpen that Powerry is the largest operator of data centers in Kazakhstan edge. with four data centers under management (more than 40 000 m2 in total) and access to one of the most competitive elec Contact: tricity rates in the world. The Company employs over 200 Phone: (403) 5713200 specialists and has offices in Moscow, NurSultan and Berlin. Email: [email protected] Powerry's business is focused on the development of four www.jori.ca product verticals: • Machine Learning: speech recognition & synthesis, Libero Copper & Gold Corp. computer vision and natural language processing Libero Copper & Gold is acquiring • Rendering & highperformance computing: video & 3D highquality copper and gold rendering, general ML training systems, Infrastructure for deposits with significant resources AR&VR and game development but without any fatal flaws or signif • Gaming & streaming services: infrastructure for online icant holding costs and exceptio multiplayer games, voice communication and video nal coppergold exploration prop streaming erties in the Americas. These assets are being advanced and • Web applications hosting solutions: hosting infrastructure, derisked by a seasoned team to minimize dilution and maxi CDN services, ecommerce infrastructure and other PaaS mize shareholder value. The portfolio currently includes the solutions Tomichi deposit in the United States which contains an Powerry plans to become a major player in the global data inferred mineral resource of 711 million tonnes at a grade of solutions and highperformance computing market, which is 0.33% copper equivalent, the Mocoa deposit in Colombia expected to grow to USD 500 billion in 2025 according to which contains an inferred resource of 636 million tonnes at a company's own estimates. grade of 0.45% copper equivalent and the Big Red exploration property in Canada. In total the properties contain 7.9 billion Contacts: pounds of copper and 1.1 billion pounds of molybdenum. Website: www.powerry.com Email: [email protected] (for press inquiries Contacts: [email protected]) Suite 905 1111 West Hastings Street Phone: +49 30 7492 7986 Vancouver, British Columbia Address: Torstr. 177, 10115 Berlin Canada, V6E 2J3 Phone: +1 604 638 2545 The Research and Design Center for Email: [email protected] Gas and Oil Technologies (R&D http://www.liberocopper.com Center for Gas&Oil Tech) The Research and Design Center for ORTUS TECHNOLOGY Gas and Oil Technologies (R&D Center EXPORT & IMPORT CORP. for Gas&Oil Tech) was established in Ortus Technology Export&Import 2001 by the Gubkin Russian State Corp. is a supplier of medical University of Oil and Gas for solving technologies to the countries of innovation problems facing both oil Central Asia, mainly, Uzbekistan and Kazakhstan. We supply and gas industry professionals and oil and gas think tanks. equipment from leading manufacturers of medical technolo It provides supervision services for well site construction and gies and provide different services such as equipment installa well workover activities; develops design and estimates doc tion and comprehensive maintenance services, warranty and umentation for new well projects, as well as carries out expert postwarranty services, equipment repair services, and trans appraisals and field personnel development programs for portation services for equipment. such customers as LUKOIL, ROSNEFT, GAZPROMNEFT, As a service company, we provide customized solutions for TATNEFT, and NGKh. The current lineup of successful proj the modernization of hospitals and clinical facilities, project ects includes 280 supervision stations attached to well drilling, management from initial planning to startup, design, plan well development, well servicing, and well workover sites. ning, and supply of complete medical packages for hospitals. The mission of R&D Center for Gas&Oil Tech is: Through our service center, we promptly resolve issues and • To increase the level of intelligence incorporated in the provide consulting services for clients. oilfield services we provide

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• To introduce modern information technology and pursue participation of the Russian Federation government and one digitization of Russia's constituent entities. The Intergovernmental • To conduct training sessions and personnel development Commission on Special Investment Contracts decided in activities favor of concluding the SPIC at its June 4, 2019 meeting. The • To enable streamlined integration of production, contract will enable the company to seek government incen education, and research tives for the auto manufacturing industry in future; it is antici • To provide jobs to professionals and recent graduates with pated that having a concluded SPIC is essential to receive a view to preserving the continuity of generations of such incentives. scientists and experts Dentons represented the investor, a global auto manufacturer, The ultimate goal of R&D Center for Gas&Oil Tech is to boost and advised it on all aspects of entering into the SPIC (e.g., how the performance of investments in new well projects and well to structure the investment project for SPIC purposes), negoti rehabilitation operations by maintaining a high workplace ated with the Ministry of Industry and Trade of the Russian organization level and enabling highquality monitoring of pro Federation at all stages of agreeing the contract terms, drafted duction processes. the contract and defended the investment project at the meet ing of the Intergovernmental Commission on Special Invest Wood PLC ment Contracts. Dentons' team also developed and negotiated Wood is a global leader in the the entire set of documents needed to conclude the SPIC delivery of project, engineer (including the financial model and business plan). The project ing, and technical services in was implemented in the shortest time possible. energy, industry, and the built environment. We operate in more than 60 countries, employing around 60,000 people, Work on the project was led by Vasilii Markov, a partner in the with revenues of around $11 billion. We provide performance Russian Tax and Customs practice. The project involved the driven solutions throughout the asset life cycle, from concept participation of Associate Diana Agarkova and Partner Alex to decommissioning across a broad range of industrial mar Skoblo, who is head of Dentons' Russian Automotive practice. kets, including upstream, midstream and downstream oil & This is the third automotive industry SPIC project implement gas; power & process; environment and infrastructure; clean ed by Dentons' team led by Vasilii Markov. energy; mining; nuclear; and general industrial sectors. Dentons Partner Vasilii Markov noted that "Today Dentons has the largest team on the Russian market with experts on www.woodplc.com concluding a SPIC and unique experience of providing full support for such projects. The professionals of the Russian Tax and Customs practice and Dentons' Corporate practice represent companies operating in various sectors of industry (including the automotive industry and pharmaceuticals) in MEMBER NEWS relations with the Ministry of Industry and Trade of Russia. SPIC projects require not only excellent knowledge of the DELCREDA Group legal aspects (including budget and tax law), skills in struc DELCREDA Group the interna turing investments and preparing financial models, but also a tional credit management special thorough understanding of the investor's business." ist focusing on high risk countries is happy to report about the About Dentons recent opening of DELCREDA Dentons is the world's largest law* firm, delivering quality and China Desk, due to the increased business of our existing value to clients around the globe. Dentons is a leader on the clients with their Chinese counterparts. Our China Desk spe Acritas Global Elite Brand Index, a BTI Client Service 30 cializes in trade receivables insurance solutions for your Award winner and recognized by prominent business and exports to China as