Copper miner Kazakhmys said Wednesday it had arranged a 2.7-billion-dollar (1.9-billion-euro) loan from a Kazakh fund and a Chinese bank to help meet growing demand for copper in China.

"Kazakhmys today announces that it has secured up to 2.7 billion dollars... for its growth projects" from China Development Bank Corporation (CDB) and Kazakh sovereign wealth fund Samruk-Kazyna, it said in a statement.

Kazakhmys is listed on the London Stock Exchange.

Under the terms of an agreement signed on Wednesday, 2.1 billion dollars of financing will be allocated to Kazakhmys for the development of its Boschekul copper project and its Bozymchak gold-copper project.

Another 600 million dollars of funds will also be available over the next three years, the company added.

"We are delighted to have reached an agreement with Samruk and the CDB that gives us flexible, long dated financing to deliver our major growth projects," Kazakhmys chief executive Oleg Novachuck said in the statement.

He added: "Securing this funding is a major boost for copper production from Kazakhstan and will help to meet the growing demand of our customers in China."

The financing deal remains subject to approval from shareholders, who will be sent further details of the transaction.

Kazakhmys is one of the 10 biggest copper producers in the world, as well as the largest in the Central Asian state of Kazakhstan.