RMK to borrow a 30.2 billion RUR credit from Sberbank for Tominsky GOK

The Russian Copper Company (RMK) will borrow a 10-year credit from Sberbank to finance the project of the Tominsky mining and concentrating complex (GOK).

The Ural bank of Sberbank approved the application of Russian Copper Company (RMK) Group for 10-year credits at the amount of 30.2 billion RUR. The credit is needed to finance the Tominskoe copper deposit and construction of a mining and concentrating complex (GOK).

The total value of Tominsky GOK project makes up 44.4 billion RUR. The project is financed in the framework of the agreement of cooperation signed by the Chairman of Ural Bank, Vladimir Cherkashin and the Chairman of the Board of Directors of RMK Group, Igor Altushkin at the Innoprom exhibition in July 2013.

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