KAZ Minerals has signed an agreement with Caterpillar Financial Services (UK) Limited on the loan of $100 million.
Caterpillar is the main supplier of mining machinery to KAZ Minerals mines – Bozshakol and Aktogay.
The new loan line consists of two sub-lines of $40 million and $60 million. KAZ Minerals has pledged Caterpillar machinery (both owned and to be delivered).
The funds will be used until March 2021. The quarterly payments will start in December 2020 and will be carried out until December 2023 and March 2026 respectively. (Ukrainian metal)