Tag Archives: copper

Kazakhstan buys stake in Kazakhmys

OCT. 5 2010 (The Conway Bulletin) — The Kazakh government raised its stake in Kazakhstan miner Kazakhmys, listed in London, to over 26% by buying 11% of the company from chairman Vladimir Kim in a deal estimated at over $1.3b. In a report this year, lobby group Global Witness linked Mr Kim to Kazakh President Nursultan Nazarbayev.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 10, published on Oct. 7 2010)

Kazakhstan’s ENRC buys Brazilian miner

SEPT. 21 2010 (The Conway Bulletin) — Showing its appetite for foreign expansion, Eurasian Natural Resources Corporation (ENRC), the London-listed Kazakh mining company, bought the 50% stake of Brazilian iron ore mine Bahia Minerals it didn’t already own for $670m. ENRC is one of the world’s biggest ferroalloy producers.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 8, published on Sept. 23 2010)