2.3 C
Belgrade
Supported byspot_img
spot_img

Russian alliance & credit line, Polyus Gold & Sberbank

Member of Europium Groupspot_img
Supported byspot_img

Jan 26 Russia’s largest gold producer Polyus Gold said on Tuesday it had secured a credit line worth $2.5 billion from Sberbank, Reuters reported.

Polyus did not say how it would use the funds. Interfax news agency reported last week a Sberbank loan would be partially used to finance a buy-back of Polyus shares on the market.

 

Supported byElevatePR Digital

Related News

Important Announcement to Our Readers

After years of dedicated efforts to promote the European mining industry and foster a balanced approach between environmental conservation and the responsible exploitation of...

India set to decide on import restrictions for metallurgical coke

India is set to make a decision soon on whether to implement import restrictions on metallurgical coke, a crucial ingredient in steelmaking. According to...

AMMC targets major production milestones by 2030 with ongoing development projects

Almalyk Mining and Metallurgical Combine (AMMC) has set ambitious production goals for 2030, aiming to achieve annual output of 500,000 tons of copper, 50...

Kazatomprom partners with Jordan uranium mining company on joint uranium exploration and extraction

Kazatomprom, Kazakhstan's national atomic company, has entered into a collaboration with Jordan Uranium Mining Company (JUMCO) to jointly explore and extract uranium in Jordan....
Supported by
Supported by
Supported by
error: Content is protected !!