Eurasian Natural Resources Corporation (ENRC) is set to receive $1.9 billion in Chinese loans, The Telegraph reports. The credit facility will help the company further expand its chrome division and Kazakhstan’s iron ore mine. ENRC was offered $1.5 billion for further development of a mining production complex, and $400 million for chromium industry development. The financing will partly come from a $1.7 billion loan given to Kazakhstan’s sovereign wealth fund by China Development Bank.

Click here for the story from The Telegraph.