/KASE, June 17, 2019/ – Kazakhstan Development Bank (Nur-Sultan), whose bonds are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the
press release, which states as follows:
quote
Development Bank of Kazakhstan JSC (a subsidiary of the “Baiterek” National
Management Holding” JSC, hereinafter Bank, DBK) opened a credit line in the amount
of US $ 600 million for a period of 15 years for realization of the expansion
project of Aktogay Mining and Processing Plant, located in the East Kazakhstan
region. Thus, the total amount of financing of KAZ Minerals Aktogay LLP by the
Bank amounted to $ 900 million, taking into account the first loan in the amount
of $ 300 million issued in December 2016.
The Aktogay Mining and Processing Plant expansion project (Aktogay II) envisages
the construction of the second processing plant for processing sulphide ore and
related infrastructure with a total value of $1.2 billion. After the commissioning
of the Aktogay II project, the capacity of the Mining and Processing Plant will
increase from 25 to 50 million tonnes of ore processing per year. Annual production
of copper from sulphide ore will increase to 170,000 tonnes between the period
from 2022 to 2027 and 130,000 tonnes in the future, i.e., the increase will be
80,000 tonnes and 60,000 tonnes, respectively.
unquote
Full version of the press release is available -
http://kase.kz/files/emitters/BRKZ/brkz_reliz_170619_1.pdf
[2019-06-17]