Mechel’s project at Elga will be financed by China Exim Bank
Edited by vadim / 2014-04-22 08:17:07
Mechel’s project at the Elga coal deposit will be financed by China Exim Bank, A. Ivanov, the Chairman of VEB Management Board states. He says nothing about the concrete terms of the transaction and says only that the Chinese bank will promote installation of the necessary equipment at the deposit. A part of coal extracted at Elga will be supplied to China. They will fund a part of the credit for $2.4 billion but give no information about the volume of the precise sum.
