Asia FerroAlloys LLP
Construction of enrichment plant, Saryarka ferroalloy plant with sinter plant and modernization of existing production
Metallurgical Industry
Funding status: Guarantee status: Mastered
Information about Asia FerroAlloys LLP
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Project Name |
Construction of an Enrichment Plant, Saryarka Ferroalloy Plant with a Sintering Plant, and Modernization of Existing Production |
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Project Description |
1. Construction of a coal preparation plant to produce coal concentrate to meet the global and local demand for energy raw materials for the production of ferro-materials 2. Modernization and reconstruction of the existing production 3. Construction of a ferroalloy plant with a sintering plant 4. Modernisation of a forged ball production shop
5. Construction of an exhibition centre |
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Borrower
Development Bank of Kazakhstan JSC |
Asia FerroAlloys LLP |
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Final Beneficiaries |
Yerlan Zayrullayevich Nigmatullin, Shmagi Kemertelidze |
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Product |
Processing plant: Coal concentrate 560 thous tons, including: fraction D-0-3mm – 134.4 thous tons, fraction D-3-18mm – 285.6 thous tons and fraction D-18mm-50mm – 140 thous tons. Ferroalloy plant with a sintering plant: Ferroalloy – 57,000 tons per year, including ferrosilicon (FeSi 45) 28.5 thous tons and ferrosilicomanganese (FeSiMn) 28.5 thous tons;
Manganese sinter – 240 thous tons per year for ferrosilicomanganese production |
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Industry |
Metallurgical Industry |
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Funding Status |
Mastered |
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Region |
Karaganda |
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Project Financing Structure |
Project Cost |
50,707 bln ₸ |
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Interest of Development Bank of Kazakhstan JSC, by currency of financing |
38,810 bln ₸ |
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Personal Interest of the Borrower |
11,897 bln ₸ |
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Interest of other creditors in the project financing |
None |
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Terms and Conditions of the Financing Instrument of Development Bank of Kazakhstan JSC |
Financing Currency |
KZT |
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Type of Financing Instrument |
Non-revolving credit facility |
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Interest Rate |
Limit #1, Limit #2 – 9,14 %
Limit #3, Limit #4 – 15 % |
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Loan Term |
Limit #1, Limit #2 – 84 mon. after signing the Agreement;
Limit #3, Limit #4 – 120 mon. after signing an additional agreement to the Agreement |
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Source of Financing |
Limit # 1, Limit # 2 – According to the financing program of the Development Bank of Kazakhstan JSC for projects within the framework of the State Program of Industrial and Innovative Development
Limit # 3, Limit # 4 – The Bank's own funds |
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Contact Details |
Website |
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Address |
building 387, 0,18 accounting quarter, Alikhan Bokeikhan district, Karaganda, 100011 |
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Phone |
7 (7212) 92 29 38, 46 00 28 |
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