mineral resources
Kazakhmys Plc shareholders not objecting to government representative on board
(SRI) - Kazakhmys Plc shareholders have no objections to the Kazakh government having its representative on the company’s board of directors, Interfax reported on Friday.
“Talks have been held with the shareholders. They, in general, have no objections,” Deputy Minister of Finance Daulet Yergozhin said in Astana on Friday. “Under the British law, the board will elect a new member from the Kazakh side by vote.”
Yergozhin also said that the government received no notification of a possible transaction between Kazakhmys Plc and Metalloinvest as reported earlier last week by the Financial Times newspaper, according to Interfax.
“No official notification, neither in verbal nor in written from has been received by the government,” he said.
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