Mining Journal
ENRC to buy control of Kazakh coal company for US$650m
Edited by : AL CIRCLE
1 min read
The board of directors of Eurasian Natural Resources Corporation plc (ENRC) has agreed to exercise an option allowing the company to purchase the remaining 75% of Kazakh coal producer, Shubarkol Komir JSC for US$650 million.
ENRC says the acquisition will strengthen its integrated business model by securing supply of semi-coke and thermal coal used in its alumina and aluminium divisions.
ENRC says the acquisition will strengthen its integrated business model by securing supply of semi-coke and thermal coal used in its alumina and aluminium divisions.
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