GTE 3.03% 3.2¢ great western exploration limited.

Zakon.kz via google translate:September 17, 2013,...

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    Zakon.kz via google translate:

    September 17, 2013, 12:09
    "Samruk-Kazyna" handed "Tau-Ken Samruk" its interest in "Kazzinc"
    JSC "National Welfare Fund" Samruk-Kazyna "transferred to the share capital of" Tau-Ken Samruk "interest in" Kazzinc ", reports Kazakhstan Today .

    "August 28, 2013 the share capital of" Tau-Ken Samruk "were transferred to belong to JSC" Samruk-Kazyna "interest in" Kazzinc ", - said the" Tau-Ken Samruk ".

    At present JSC "Tau-Ken Samruk" is a beneficial owner of 29.8221% interest in the share capital of "Kazzinc".

    "Of" Tau-Ken Samruk "suggests to take the status of an active participant in the enterprise, aimed at effective corporate governance in order to increase the company's value. June 28, 2013 Turmagambetov Mazhit Abdykalikovich, chairman of "Tau-Ken Samruk", joined the board of directors of "Kazzinc" - the company said.

    Major participant "Kazzinc" with an interest at the rate of 69.61% is Glencore Xstrata - one of the world's largest diversified companies in the field of natural resources.

    According to the company, the whole of "Tau-Ken Samruk" expects to continue further cooperation with "Kazzinc" and a partner in the asset, Glencore Xstrata, the development of mining and metallurgical sector in Kazakhstan.

    "Kazzinc" is one of the system assets of mining industry of the Republic of Kazakhstan. "Kazzinc" in 2012 produced 301,266 tonnes of zinc, 82,536 tons of lead, 547,680 ounces of gold and 52,649 tons of copper.
 
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