VTB has provided Rise LLC (Magadan region) with a loan of 850 million rubles to finance the company operation during the current gold-extracting season.
The loan has been provided for 1 year.
This year VTB intends to purchase 850 kg of gold from Rise.
The company, founded in 2003, since 2005 has been extracting alluvial gold in Magadan region and has 8 licenses valid till 2032-2039. (Ukrainian metal)