Pizu Industrial, an indirect wholly-owned subsidiary of Pizu Group Holdings Limited, has entered into an agreement with Kanzi Diyor and Avesto Group to support the development of the Turkparida Mine. Under the terms of the agreement, Pizu Industrial will provide up to USD80 million in loans to Kanzi Diyor. Upon satisfaction of certain conditions, these loans will be converted into a capital contribution, resulting in Pizu Industrial acquiring a 45% equity interest in Kanzi Diyor, which holds the mining rights to the project.
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