Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Kazakhstan
Location: Kyzylorda
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Pending Board Approval
Bank Risk Rating: A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-06-07
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: JSC ShalkiyaZinc LTD
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Construction
  • Mining
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 196.83 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported USD 175,000,000.00
Converted using 2016-09-15 exchange rate.
Project Cost (USD): $ 526.38 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Currency conversion note:
Bank reported USD 468,000,000.00
Converted using 2016-09-15 exchange rate.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-08-10
Disclosure Date: 2016-09-15
Shalkiya Zinc: Pre-Privatisation Loan
EBRD-48347

Project Description
This project finances joint stock company ShalkiyaZinc LTD to finance the expansion of the Shalkiya zinc-lead mining operation in Kazakhstan. This project will support ShalkiyaZinc's pre-privatization efforts in expanding operations of the existing Shalkiya zinc-lead mine, and the construction of a processing plant at the site with a capacity of 4 million tonnes per annum.
Investment Description
ShalkiyaZinc is an ore mining company holding subsoil use contract for exploration and production of polymetallic ores at Shalkiya deposit in the Kyzylorda region of Kazakhstan. ShalkiyaZinc is a 100% subsidiary of JSC Tau-Ken Samruk, a national mining company established in 2009 in order to ensure effective operation of subsoil use in the fields of exploration, development, production, processing and marketing of solid minerals in Kazakhstan.
Contact Information
Mira Akhmetova +7 727 3 11 06 24 www.zinc.kz 7 Al-Farabi Ave, #Nurly Tau# business # center, Block 4A, 9th floor, office No. 38, 050040, Almaty, Republic of Kazakhstan ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD’s own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.