Eurasian Natural Resources Corporation, the London-listed giant miner wrestling with a series of accusations of corruption and bribery, took a major step towards being de-listed Friday, after the largest investor backed the founders’ US$4.5 billion takeover.
ENRC has been in talks with the Serious Fraud Office since 2011 over a series of problems within its Kazakh operations, as well as a subsequent internal inquiry into the company’s business in Africa.
See http://www.mining.com/enrc-a-step-closer-to-go-private-74746/?utm_source=digest-en-mining-130802&utm_medium=email&utm_campaign=digest.