ENRC considers trade finance techniques

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26 April 2010

Mining company ENRC is considering trade finance as one option in its investment in expanding and upgrading its production facilities in Kazakhstan.

Kazakhstan’s Eurasian Natural Resources Company (ENRC) plans to invest some $5.3 billion in expanding and upgrading its production facilities in Kazakhstan and is considering trade finance as one funding option.

The group has moved to a more confident footing following the completion of the purchase of a 12.2% interest in Northam Platinum...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%