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June 11, 2018

Chinese firm to invest in KAZ Minerals’ Koksay project in Kazakhstan

China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (NFC) has reached an agreement to invest $70m in KAZ Minerals’ Koksay copper project in Kazakhstan.

China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (NFC) has reached an agreement to invest $70m in KAZ Minerals’ Koksay copper project in Kazakhstan.

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In exchange for the proposed investment, NFC will own a 19.4% stake in Koksay, which is a potential open pit copper mine development project.

The deal is conditional upon certain conditions such as regulatory approvals in Kazakhstan and China.

Located 230km from Almaty, the deposit is estimated to contain measured, indicated and inferred resources of 736Mt at an average copper grade of 0.42%, with contained copper of 3.1Mt.

“We are looking forward to developing our relationship further as we assess this opportunity in Kazakhstan.”

KAZ Minerals chairperson Oleg Novachuk said: “We are pleased to welcome NFC as a partner in the Koksay project.

“We worked successfully with NFC in the construction of Bozshakol and Aktogay and we are looking forward to developing our relationship further as we assess this opportunity in Kazakhstan.”

The investment will be ring-fenced and used to finance a feasibility study (FS) for the project.

The FS will outline the detailed design for mining and processing operations, as well as the associated capital budget.

Depending on the results of the FS, UK-based KAZ Minerals will decide on how and when to proceed with the project.

The company’s operations in Kazakhstan include the Bozshakol open pit mine in Pavlodar, the Aktogay open pit mine and three underground mines in the eastern region. It also operates the Bozymchak open pit mine in Kyrgyzstan.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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