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ASTANA (TCA) — The European Bank for Reconstruction and Development (EBRD) on June 12 said it is arranging a US$ 350 million syndicated loan to JSC ShalkiyaZinc Ltd, a Kazakh mining company, for the expansion of the Shalkiya zinc and lead mine in the Kyzylorda region as well as the construction of a new processing plant at the site. The loan is in line with the Bank’s strategy of supporting inclusive economic development in Kazakhstan’s remote regions. The project will support overall economic growth of Kyzylorda region and create more education and career opportunities for women and young people.

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