The gold-extractor Buryatzoloto will provide its managing company Nordgold Management LLC with a loan of 1.7 billion rubles.
The interest rate is 6%.
The maturity date is December 12, 2021. Buryatzoloto has an option to claim the funds earlier than that.
In January-September Buryatzoloto decreased net profit 8-fold, to 45.43 million rubles. (Ukrainian metal)