Polymetal gets 5.7 bln rbl loan for Amursk plant construction - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Polymetal gets 5.7 bln rbl loan for Amursk plant construction

MOSCOW, May 12 (PRIME) -- The Far East Development Fund has provided a 5.7 billion ruble 10-year loan to RussiaТs precious metals producer Polymetal for construction of the second line of the Amursk pressure oxidation plant (POX-2) in 2020-2021, the company said in a statement on Tuesday.

The interest rate on the loan stands at 5%.

The Amursk plant is expected to reach its full production capacity in the fourth quarter of 2023.

The plantТs capital expenditures until the end of 2020 are estimated at approximately U.S. $100 million, while total investments remaining until the end of the construction are expected to amount to $312 million, Polymetal said.

(73.8725 rubles Ц U.S. $1)

End

12.05.2020 09:58
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 77.7854 -0.0969 27 may
USD 71.1408 -0.4554 27 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1233.63 +0.71 11:52 27 may
micex 2774.98 +0.76 11:52 27 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 196.24 -0.31 11:36 27 may
lkoh 5472.50 +0.51 11:36 27 may
rosn 375.50 +0.29 11:36 27 may
sber 196.98 +1.54 11:36 27 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 77.7950 -0.3775 14:59 27 may
USDTD 70.6200 -1.1325 17:44 27 may