The Serious Fraud Office has opened a criminal inquiry into fraud at ENRC, the embattled Kazakh mining company. The SFO...
(23 days ago)
All eyes were on ENRC yesterday as the City speculated on the motive behind Russian billionaire Suleyman Kerimov’s stakebuilding in the troubled Kazakh miner. ENRC, which is the subject of a Serious Fraud Office investigation into allegations of fraud, bribery and corruption, has seen its shares fall more than 17 per cent since the claims emerged.
(15 days ago)
The chairman of the London-listed Kazakh miner ENRC, Mehmet Dalman, resigned with immediate effect last night in a boardroom shake-up likely to raise new questions over the future of the embattled company.
(25 days ago)
Shares in ENRC jumped more than 25pc after its Kazakh shareholders said they were considering making an offer for the FTSE 100 mining group.
(29 days ago)
The Serious Fraud Office (SFO) has launched a criminal inquiry into fraud at ENRC, the Kazakh mining company. The SFO...
(23 days ago)
The finance director of FTSE 100 mining giant ENRC has been dragged into a row over corruption allegations, after parts of an internal probe were leaked.
(2 months and 7 days ago)
FTSE 100 mining giant Eurasian Natural Resources Corporation (ENRC) will this week announce a massive writedown on its operations that could exceed $1bn (£670m).
(2 months and 4 days ago)
Three oligarchs and Kazakh government confirm report they are considering taking mining group privateControversial Kazakh miner Eurasian Natural Resources Corporation has jumped nearly 25% after its major shareholders said they were considering a bid for the company.In a statement, oligarch Alexander Machkevitch said:[I am] reviewing a number of potential opportunities which...
(30 days ago)
Global Outlook The mining giant ENRC found itself splashed all over the front page of the FT yesterday for all the wrong reasons. Now, I hear of another stock-market flotation heading London’s way that has a weirdly similar feel to it.
(8 days ago)
Copper miner Kazakhmys will this week confirm a huge writedown of about $2bn (£1.3bn) in the value of its 26 per cent stake in fellow Kazakh miner ENRC.
(1 month and 25 days ago)
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