Star banker Dalman to lead M&A push by Kazakh’s ENRC

By Jason Corcoran

Mehmnet Dalman, the former head of investment banking at Germany's Commerzbank, has been appointed to head a mergers and acquisitions committee at Kazakh miner Eurasian Natural Resources Company.

Dalman, a former hedge fund banker and reputed deal maker, had joined the board of London-listed ENRC in May last year as a non-executive director.

Analsyts said his new appointment is a strong signal  that the FTSE 100 company is set to continue buying global mining assets after its acquisition of the Central African Mining & Exploration Company (Camec) for £584m last month.

Dalman, who left Commerzbank in 2004, is also vice-chairman of Toscafund, a UK-based hedge fund.

ENRC, which was formed from a collection of privatised Kazakh mining assets, has $2bn cash pile for acquisitions.

The group last year launched an abortive takeover of rival miner Kazakhmys.

By Jason Corcoran Mehmnet Dalman, the former head of investment banking at Germany's Commerzbank, has been appointed to head a mergers and acquisitions committee at Kazakh miner Eurasian Natural Resources Company. Dalman, a former hedge fund banker and reputed deal maker, had joined the board of London-listed ENRC in May last year as a non-executive director. Analsyts ...