Kazakhstan, Astana, Nov. 7 / Trend D. Mukhtarov /
The Eurasian Natural Resources Corporation (ENRC) will invest about $6 billion in the mining industry of Kazakhstan, ENRC PLC, CEO Felix Vulis said on Wednesday, during his speech at the fourth economic forum of large business 'Expert-100-Kazakhstan'.
"Some $6 billion of the $16 billion planned to be invested in the industry on the state programme of forced industrial, innovative development accounts for our corporation's investments," Vulis said.
He reminded delegates that more than a dozen investment projects of the group were included in the industrialisation map.
"It is expected that the capital expenses of the corporation in the country in 2012 will amount to $2 billion," he said.
Eurasian Natural Resources Corporation is one of the leading diversified natural resources groups with integrated mining, processing, energy, logistical and marketing operations.
ENRC production assets are largely located in Kazakhstan. Moreover the company operates in China, Russia, Brazil and Africa (the Democratic Republic of Congo, Zambia, Mozambique and South Africa). ENRC is the world's largest producer of ferrochrome on a chrome content basis and one of the world's significant iron ore and alumina producers.