Polyus Gold to take loan in the amount of 36 billion rubles
Edited by Rhod Mackenzie / 2014-04-15 10:23:53
Polyus Gold has signed an agreement with Russian Sberbank on the provision of non-revolving credit facility to the amount of 36 billion rubles till April 10 of 2019.
In 2014, Polyus Gold plans to reduce its capital costs two times – roughly to $700 million. $320 million of them will be invested into development of the Natalkinskoye deposit, which launch is scheduled for summer of 2015. Besides, about $150 million will be used for construction of energy infrastructure and over $120 million for development of Krasnoyarsk assets of Polyus Gold.
