News
29 November 2019

VTB agrees €470m loan to Kazakh gold group

In:
Metals and Mining
Region:
Asia-Pacific

VTB has granted a loan for up to €470 million ($518 million) to a group of gold mining companies in Kazakhstan. Altynalmas will use the loan to buy a controlling stake in gold miner Kazakhaltyn, to finance the Aksu gold mining project and to optimise its debt portfolio.

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