Eurasian Development Bank MoU for $200 mln signed

Sunkar Resources plc (AIM:SKR) is pleased to announce that it has signed a Memorandum of Understanding ("MoU") with Eurasian Development Bank ("EDB"), an international financial institution established by Russia and Kazakhstan to develop market economies in its member countries. 

UniCredit Mandated as Sunkar's M&A advisor

The Board of Sunkar is pleased to announce the appointment of Closed Joint Stock Company Unicredit Securities, Moscow  ("UniCredit Securities"), part of the UniCredit Group, as its advisor in relation to the structuring and raising of strategic equity finance to further its Chilisai phosphate fertilizer project in Kazakhstan.

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Sunkar in brief

  • Technical ability to produce DAP/MAP verified by successful independent Pilot Plant Tests 
  • Target capacity 0.8Mtpa of P2O5 (1.75 Mtpa of DAP)
  • Resource Base of 800Mt of ore at 10% P2O5 with one of the lowest extraction cost per unit of P2O5 in the World
  • Sulphur, the second most important component, is 500km away by rail – 2.5 Mtpa of landlocked sulphur produced per annum
  • Existing infrastructure and labour pool
  • Located at ‘back door’ to China ($20 per tonne away by rail from western China border) + promising captive markets locally: KZ & RU are both World top-10 grain producers

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7 Sep 2010, 12:09pm
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