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Sovereign Wealth Funds Briefing - Categorized | Investment

Kazakhstan state power over miner ENRC grows with $1.9bln China loan

Posted on 24 February 2011

From Telegraph: Eurasian Natural Resources Corporation (ENRC) is to receive up to $1.9bn (£1.3bn) in Chinese loans in a deal that underlines Kazakhstan’s growing power over the London-listed miner. The money will come, at least in part, from a $1.7bn loan given to Kazakhstan’s sovereign wealth fund by China Development Bank.
The sovereign wealth fund signed the deal on Tuesday, and is likely to channel the money to ENRC over the coming year………………………………………..Full Article: Source


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