Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Kazakh mining firm ENRC on Monday sued Indian billionaire Pramod Agarwal's mining firm Zamin for the repayment of a $65-million loan, the latest chapter in a legal battle between Indian and Kazakh tycoons over a Brazilian iron-ore project. The latest filing in a British court comes after a Zamin subsidiary in June sued ENRC, a company owned by a trio of Kazakh billionaires and the Kazakh government. The lawsuit said ENRC failed to pay a final $220-million tranche of a $670-million purchase of the Brazilian iron-ore project.
Kazakh mining firm ENRC on Monday sued Indian billionaire Pramod Agarwal's mining firm Zamin for the repayment of a $65-million loan, the latest chapter in a legal battle between Indian and Kazakh tycoons over a Brazilian iron-ore project. The latest filing in a British court comes after a Zamin subsidiary in June sued ENRC, a company owned by a trio of Kazakh billionaires and the Kazakh government. The lawsuit said ENRC failed to pay a final $220-million tranche of a $670-million purchase of the Brazilian iron-ore project.
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