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Sovereign Wealth Funds Briefing - Categorized | Financials

Kazakh fund secures $2 bln Chinese loan for ENRC

Posted on 28 February 2011

From Reuters: Kazakhstan’s sovereign wealth fund has secured a $2 billion loan from China to fund iron ore and chrome projects run by London-listed Eurasian Natural Resources Corporation , the fund’s head said on Friday.
The fund, Samruk-Kazyna, will channel $1.6 billion to ENRC’s iron ore unit, Sokolov-Sarbai Mining and Production Union, and a further $400 million to the company’s ferro-chrome unit, Kazchrome, Chief Executive Kairat Kelimbetov told reporters……………………………………….Full Article: Source


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