Basile Enterprises attracts the credit to the sum of $751 m. for financing the purchase by head of Kazakhmys Plc of the stake in ENRC

/INTERFAX-KAZAKHSTAN, Almaty, October 2, 06/ - Basile Enterprises, which belongs to head of Kazakhmys Plc Vladimir Kim attracts credit in size of $751 m. "This credit will be directed to realization of those plans about which was announced in spring of this year", - Interfax-Kazakhstan was informed by the press-service of Kazakhmys Plc with reference on the words of V.Kim. The details of the deal were not specified in the press-service. In the spring of this year it was informed that chairman of board of directors of Kazakhmys Plc V.Kim received the option on purchasing 25% of shares of ENRC Kazakhstan Holding BV, to which several charge assets of Eurasian industrial association (EIA) belong. Option operates during year 2007. The sum of deal totals $751 m. plus 10% of margin, reflecting the risk of investing and current charges of V.Kim on registration and organization of deal financing. If potion will be used, V.Kim will stay in position of chairman of directors of Kazakhmys Plc and will not participate in direct management of ENRC Kazakhstan Holding BV. EIA consolidates Sokolovsko-Sarbayskoe mining-producing association (in Kostanay region), Euro-Asian energy corporation JSC (in Pavlodar region), Aluminum of Kazakhstan JSC (Pavlodar region), enterprisers of the transnational company Kazchrome, coal cut Shubarkol Komir JSC (Karaganda region), coal mining Mugoteks JSC (Eastern-Kazakhstan region) and Jayremskiy ore mining and processing industrial complex JSC (center of Karaganda region). Kazakhmys corporation is specializing on production of purified copper and copper stuff and joins Zhezkazgan brass works (former Zhezkazgantsvetmet JSC), Balkhash mining-mettalurgical industrial complex, Zhezkentskiy ore mining and processing industrial complex, Eastern-Kazakhstan copper- chemical industrial complex and other objects. As it is known, in the end of last year the corporation Kazakhmys Plc (company registered in London specially for transferring the shares of Kazakhmys to the international market) had offered on the London stock exchange 26.2% of its shares and attracted 661 m. pounds. [2006-10-02]