Eurasian Natural Resources Pulls Out Of China Gateway Project

July 30. Dow Jones. LONDON

Eurasian Natural Resources Corp PLC (ENRC.LN), a natural resources group with integrated mining, processing, energy, logistical and marketing operations, said Friday it has agreed with the Government of the Republic of Kazakhstan to terminate the Group’s concession to construct and operate the ‘China Gateway Project’.

MAIN FACTS:

-The China Gateway Project is a rail link and transhipment point between the Republic of Kazakhstan and the Peoples’ Republic of China.

-ENRC now engaged in negotiations with the Government to finalise the legal and financial aspects of this termination.

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