Sberbank, VEB and UGMK have signed base indicative conditions to finance the project to develop the Korbalikhinskoye polymetal deposit in Altai region and reconstruct the Rubtsovskaya processing factory to increase its capacity to 1.5 million tons of ore per year.
The total cost of the project is 38 billion rubles.
The company intends to borrow 24 billion rubles.
The reserves of the largest polymetal deposit in Russia amount to 24 million tons of ore with high content of zinc, as well a copper, lead, gold and silver. (Ukrainian metal)