Search results for "ENRC"

Spotlight on secretive billionaire and his deals in the Congo: SFO steps up probe into one of UK’s biggest corporate scandals

The scandal surrounding mining group ENRC is one of the worst to have ever hit the City. It has been under investigation by the Serious Fraud Office (SFO) for three years and that probe will heat up in the New Year as the role of Israeli billionaire Dan Gertler – said to be an inspiration for the movie Blood Diamond starring Leonardo DiCaprio – comes under the microscope.
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ENRC could sell precious DRC mines to repay costly debt

Kazakh miner ENRC, which recently delisted from the London Stock Exchange, is considering selling all its international assets, including its coveted copper operations in Congo, as its founders come under increasing pressure to repay a big loan they took on to privatize the company, industry and banking sources said. Among the most likely buyers of the copper mines in the Democratic Republic of Congo (DRC)- ENRC's jewel outside Kazakhstan - are London-listed commodities trader and miner Glencore Xstrata and its rival Trafigura, the sources said.
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