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Sovereign Wealth Funds Briefing - Categorized | Investment

Kazakhstan SWF may buy stakes in independent gold, copper producers

Posted on 24 June 2009

From Bloomberg: Kazakhstan’s sovereign wealth fund Samruk-Kazyna plans to buy stakes in independent domestic mining companies to help them weather the country’s worst financial crisis in more than a decade.

Samruk is seeking to acquire gold, copper and iron assets, said Murat Murtazaev, chief executive officer of Samruk Tau-Ken, the fund’s mining unit, at a conference in Almaty today. Murtazaev didn’t identify the companies in which Samruk may gain stakes. ……Full Article: Source


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