Evraz secures mining funds through VTB Bank

Region:

Europe

Jonathan Bell

Editor-in-chief

Russian metals and mining company Evraz has signed loan agreements with VTB Bank for the development of its Urals iron ore mining operations. The borrower is Evraz’s Vysokogorsky GOK iron ore mining and processing plant, which will receive RUB700 million ($21 million) from VTB. The loans have a tenor of five-years. No detail has been released on the pricing of the loans.

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