14/12/2006 The London Stock Exchange is delighted to welcome ShalkiyaZinc N.V. to the Main Market.
14 December 2006
The London Stock Exchange is delighted to welcome ShalkiyaZinc N.V. to the Main Market.
ShalkiyaZinc is one of the leading zinc and lead mining companies in Kazakhstan. The Company’s principal operations are located in Southern Kazakhstan and include the underground Shalkiya Mine in the Kyzylorda Region, a processing plant near the town of Kentau, 165 km south-east of the Shalkiya Mine, and a green-field deposit, Talap, 30 km south-west of the Shalkiya Mine.
One of the principal assets of the Company, the Shalkiya Deposit is the largest known zinc deposit in Kazakhstan and represents approximately 30% of the country’s total zinc reserves. The Company sells zinc and lead concentrate to regional smelters and traders.
Commenting on the Offering, Marat Sarkytbayev, ShalkiyaZinc’s Chairman of the Management Board, said:
“We are very pleased with the support institutional investors have given to the listing of ShalkiyaZinc’s GDRs. The London Stock Exchange is the home market to many world class Metals and Mining groups and we are delighted to join the Main Market. This offering is an important strategic step for ShalkiyaZinc and we look forward to the next stage of the Company’s development as a public company.”
ING Bank N.V. is acting as sole Bookrunner of the IPO with Aton Capital acting as Co-Lead Manager.