Otkritie FC Bank issues $200 mln credit line to Mangazeya
MOSCOW, Apr 14 (PRIME) -- Russia’s Otkritie Financial Corporation (FC) Bank has issued a U.S. $200 million credit line to gold producer Mangazeya to refinance debt and finish construction of the Nasedkino gold mine, they said in a joint statement on Tuesday.
The credit line expires on December 31, 2025.
Investment in the Nasedkino gold mine is planned at over 13 billion rubles. The facility is to be launched in the summer 2020.