KAZ Minerals Aktogay LLP
Construction of Aktogay mining and processing plant in the East Kazakhstan region
Metallurgical Industry
Funding status: Guarantee status: Аssimilated
Information about KAZ Minerals Aktogay LLP
| Project name | Construction of Aktogay mining and processing plant in the East Kazakhstan region | |
| Project description | Financing of the construction of a sulphide ore processing plant with a capacity of 25 million tons per year as part of the construction of the Aktogay mining and processing enterprise in the East Kazakhstan region, including recovery of own funds of KAZ Minerals Aktogay LLP | |
| Borrower Development Bank of Kazakhstan JSC | KAZ Minerals Aktogay LLP | |
|
Final beneficiaries |
Vladimir Kim | |
| Product |
Copper and molybdenum concentrates |
|
| Structure of project financing | Project cost |
3 350 mln $, including: GOK Construction Project – 2 100 mln $; GOK Expansion Project – 1 263 mln $ |
| Participation of Development Bank of Kazakhstan JSC, in the context of financing currencies |
1 252 mln $ |
|
| Borrower's own participation |
GOK construction project – 300 mln $; GOK Expansion Project – 663 mln $ |
|
| Participation in financing of the project of other creditors | State Development Bank of China funds | |
| Terms of granting the financing instrument of Development Bank of Kazakhstan JSC | Funding currency | USD |
| Type of financing instrument | Credit Line | |
| Rate of remuneration |
Limit No. 1 – 6М Libor + 4.5%; Limit No. 2 – 6М Libor + 3.9%; |
|
| Loan term |
Limit No. 1 – until June 10, 2025; Limit No. 2 – until June 28, 2034. |
|
| Funding source | State Development Bank of China | |
| Additional Information | Address | Almaty, Omarova Zh. Str., 8 |
| Tel | 8 727 244 03 53 | |
| Website: | www.kazminerals.com, info@kazminerals.com | |