Reuters reported that Kazakh miner Eurasian Natural Resources Corp will keep looking for takeovers, especially in China and this will not be made difficult by an increased stake of 25% held by rival Kazakhmys.

Mr Miguel Parry CFO of Eurasian Natural Resources Corp told a conference call that "The 25% stake does not impede our ability to do major transactions.”

He said that only a simple majority of shareholders was needed to approve acquisitions, not 75% as some analysts have said.”

Mr Johannes Sittard CEO of Eurasian Natural Resources Corp said that ENRC would not offer a board seat to Kazakhmys because they were both competing for deposits in the region.