In February 2013, the SFO received a report into whistleblower allegations of fraud at an ENRC
subsidiary in Kazakhstan, but it never received the company's socalled "self-report" into corruption allegations in sub-Saharan Africa.
The settlement went further in that ENRC
also purchased First Quantum's residual claims and assets in the DRC.
, a large producer of ferroalloys which also produces iron ore, alumina and aluminium, plans to double its output of aluminium by launching two new production stages, each with a capacity of 125,000 tonnes of the metal, Rau said.
The representative of ENRC
in Mozambique, Jose Dai said that the project involves production of liquid fuels from coal and generating 120 megawatts of electricity to be sold in Mozambique and possibly to Zambia.
If the stake sale is completed the founder group will have enough shares to delist ENRC
with or without the support of other minority shareholders in the company.
3][ETH]3/4 [ETH] N[ETH]3/4N[ETH][cedilla][ETH]'N ENRC
The Africa Progress Panel, chaired by former United Nations Secretary General Kofi Annan, found that three separate ENRC
deals cost the African country nearly PS500million.
First Quantum sued ENRC
, who had acquired the project with Gertler, and ENRC
settled the matter in January 2012.
Kazakh mining group ENRC
plans to build a railroad in order to carry coal from its concession in Mozambique's central Tete province to the Port of Nacala on the Indian Ocean, Macauhub reported.
Securequity's Afsar said he had bought shares in insurer Resolution and food group Tate & Lyle, and had bought shares in miner ENRC
while selling stock in rival commodities group Anglo American.
As a result, we believe that going forward, iron ore producers, including our rated EMEA players such as Anglo American plc, ENRC
and Ferrexpo, are unlikely to benefit from returns of the magnitude seen in 2011.
Importantly, this will also enable ENRC
to maintain sales to third party customers and provide sufficient alumina for internal consumption.