A Kazakh industrial company is investing $400 million over the next four years to bail out and revitalize the owner of the rights to the country’s biggest zinc deposit.
SAT & Co has made a capital investment in cash-strapped miner ShalkiyaZinc in a move that it is hoped will revive the indebted company’s fortunes.
Under the terms of the agreement SAT will inject $50 million into ShalkiyaZinc in return for an 81.39% stake of the company’s expanded share capital.
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