Translated version of this PSD: Russian
The EBRD is considering providing long-term debt financing to AltaiPolimetally LLP and Terekty Ken Baitu LLP in order to support development of the Koktaszhal copper-gold deposit located in the Karaganda region of Kazakhstan and to build a processing plant with 4 million tons annual capacity.
The project is expected to have positive transition impact through:
(i) the support of an independent private player in the Kazakh copper sector, helping strengthen its market position;
(ii) setting high standards of corporate governance and business conduct by requiring consolidated financial statements prepared in accordance with IFRS and regular auditing, as well as introducing best practices in EHS;
(iii) demonstration effect and replication potential of new mining and processing techniques which would have a positive impact on EHS and on the profitability of the project.
AltaiPolimetally LLP (incorporated in October 2007) and Terekty Ken Baitu LLP (incorporated in April 2014) are the license holding entity and the processing plant developer correspondingly.
A long-term senior secured loan of up to USD 100 million with possible warrants.
Approximately USD 265 million.
- Upgrading the environmental and social management systems and personnel,
- Preparation fo various Operational management plans covering items such as waste management, contractor control, traffic management and cultural resources,
- Additional hydrological and biological studies of the adjacent Lake Saumalkol and nearby Karasu River, and
- Implementation of a Stakeholder Engagement Plan and Grievance Mechanism.
There is an Environmental and Social Impact Assessment available for this project.
Terekty Ken Baitu LLP, Director
Tel.: +7 727 3528605, +7 727 3528606
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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