Basile Enterprises had finished the first stage of syndication of the credit for $751 m.

/INTERFAX-KAZAKGSTAN, Moscow, November 13, 06/ - Basile Enterprises, belonging to the head of Kazakhmys Plc (copper corporation Kazakhmys) Vladimir Kim, had finished the senior stage of syndication of the three-years credit for $751 m. with the expected yield LIBOR plus 150 basis points, informs the agency Thomson Financial. At the present moment it is passing the general syndication of the credit, as organizers of which are acting ABN Amro, Credit Suisse, JPMorgan, Natexis Banques Populaires. Credit will be used for financing of purchasing for $751 m. of 25% of shares of Eurasian industrial association (EIA, ENRC Kazakhstan Holding BV), to which are belonging several raw materials' assets in Kazakhstan. In the spring of year 2006 V.Kim received the option for these shares. "This credit will be directed on realization of those plans, about which it was announced in the spring of this year", - informed earlier to the agency Interfax-Kazakhstan in the press-service of Kazakhmys Plc with reference to the words of V.Kim. EIA controls the producer of alumina Aluminum of Kazakhstan, corporation Kazchrome, Sokolovsko-Sarbayskoye ore mining producing union JSC, Euro- Asian energy corporation JSC, coal cut Shubarkol Komir JSC, coal extracting Mugoteks JSC and Zhayremskiy OMPC. Corporation Kazakhmys is specializing on the production of purified copper and copper raw materials and joining, in particular, Dzheskazganskiy brass works (former, Dzhezkazgantsvetmet JSC), Balkhashskiy mining and smelting combine, Zheskentskiy OMPC and East-Kazakhstan copper- chemical combine. [2006-11-13]