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Kazakhstani holding SAT & Company increased its share in ShalkiyaZinc to 98.56%

According to the message, the shares were purchased from Zinc Investments I B.V., Zinc Investments II B.V. and Zinc Investments III B.V.

As reported, since November 2008, mining and production by the ShalkiyaZinc group was suspended due to a decrease in world prices for zinc and the unprofitability of its production in these conditions. Since this period, ShalkiyaZinc has concentrated its efforts on maintaining the Shalkiya mine and processing plant in Kentau for the eventual resumption of production if market conditions improve. In addition, the company continued to build a new processing plant with a capacity of 4 million tons of ore per year.

In the first half of 2011, 84.3% of the company’s shares for $50 million. acquired the SAT & Company holding.

ShalkiyaZink, founded in 2001, is engaged in the mining and processing of lead-zinc ore and produces lead and zinc concentrates. The company's main production operations are located in southern Kazakhstan and include the Shalkiya underground mine, where the company produces commercial lead-zinc ores, the Talap lead-zinc ore deposit, and a concentrator located approximately 165 km southeast of the Shalkiya mine.

SAT & Company is a Kazakh industrial holding company implementing projects in the field of metallurgy and petrochemicals.

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