Russia’s Otkritie Financial Corporation (FC) Bank has signed an agreement to open a 21-billion ruble 10-year loan to Ural Mining and Metallurgical Company (UMMC-Holding) for construction of an underground mine at the Yubileinoye copper field, the bank said in a statement on March 25.
“Bank Otkritie will issue a 21-billion ruble loan to UMMC-Holding for 10 years. The funds will be allocated to finance construction of an underground mine of the UMMC group at the Yubileinoye field,” the statement read. (Prime/Ukrainian metal)