This year the Ministry of finances has to pay the State Bank of China 348.53 million UAH under the loan agreement with Lisichanskugol, provided by the bank under state guarantees in December 2011.
The bank gave $85 million with 7.05% interest rate for 9 years to modernize the mine named after Melnikov.
As of March 31, the debt is 1.25 billion UAH.
In January-March Lisichanskugol received 175.41 million UAH of net losses, down 2.3-fold YoY.
The net income was on the Q1 2016 level – 32.7 million UAH. (Ukrainian metal)