[3] The Trio consisted of Alijan Ibragimov, Alexander Mashkevitch and Patokh Chodiev, all active in the mining, oil and gas, and banking sectors in Kazakhstan.
[6] CAMEC's operations incorporate the assets of copper and cobalt in the Democratic Republic of Congo, the development projects of coal in Mozambique, bauxite in Mali, platinum in Zimbabwe, and fluorspar in South Africa, as well as trucking and logistics business across the African continent.
Camrose held five high quality copper and cobalt mining permits in the Democratic Republic of Congo (DRC).
[13] On 21 April 2013, The Sunday Times revealed that three founders, Alexander Mashkevitch, Patokh Chodiev and Alijan Ibragimov, were behind a possible takeover bid for ENRC.
[19] In February 2014, it was reported that the firm would have to sell its international assets, including its lucrative copper mines in the Democratic Republic of Congo, after the company's founders came under increased pressure to repay the large loan they had taken out to privatise ENRC.
[ENRC 2] In December 2009 ENRC acquired 95.40% of the shares of Central African Mining Exploration Company (CAMEC)[6] CAMEC's operations incorporate the assets of copper and cobalt in the Democratic Republic of Congo, the development projects of coal in Mozambique, bauxite in Mali, platinum in Zimbabwe, and fluorspar in South Africa, as well as trucking and logistics business across the African continent.
[8] ENRC's acquisition 50.5% of Kolwezi Mine Tailings (KWT) a "multi-billion dollar copper and cobalt tailings reprocessing facility"[24] that had been expropriated in 2009 by the DRC from Vancouver, Canada-based First Quantum Minerals through Dan Gertler's newly formed British Virgin Island-based company, Highwinds, was the last of a series of ENRC of Congolese mining asset acquisitions in roughly an 11-month period.
DRC passed the concession to a new joint venture Metalkol Sarl, encompassing state-owned Gecamines (30%) and Dan Gertler's newly formed British Virgin Island-based company, Highwinds (70%).
[30] Fasken Martineau, a leading international business law and litigation firm recovered an almost unprecedented US$1.25B in the dispute between First Quantum Minerals and the DRC.
As part of the settlement Eurasian Natural Resources Corporation (ENRC) purchased First Quantum's residual claims and assets in the DRC.
[24] In August 2010 ENRC acquired 50.5% of Camrose Resources Limited ('Camrose'), which at that time held a 70% indirect interest in Metalkol Sarl, owner of the Kolwezi copper tailings project.
[11] On 28 December 2012, 99 percent of Eurasian Natural Resources Corp shareholders approved the US$550 million purchase of the remaining 49.5% per cent of Camrose Resources Limited still held by Dan Gertler's Gibraltar-registered (Wild et al. 2013 page 68)[31] Fleurette Properties Ltd.[32] In February 2010 ENRC purchased a 90% interest in Chambishi Metals PLC, a copper and cobalt producer and smelter located in Zambia.
[9][10][ENRC 2] On 4 April 2008 Eurasian Natural Resources Corporation PLC finalized the purchase, first signed on 4 December 2007, of the controlling interest in Serov Ferrochrome Producer (Serov SPA) in Sverdlovsk region, eastern Russia for US$210 million from various entities affiliated with Mr. P Chodiev, Mr. An Ibragimov and Mr. A Machkevitch, founding shareholders in ENRC.
[ENRC 9] Mr. P Chodiev, Mr. An Ibragimov and Mr. A Machkevitch were Founder Shareholders of Eurasian Natural Resources Corporation Group.
Alexander Machkevitch is Chairman of the Board of Directors and Mr Benedikt Sobotka is Chief Executive Officer.