Chinese investors are ready to fully finance the Udokan deposit

Chinese investors will fully finance the development project of the Udokan copper deposit in the Trans-Baikal region, head of state corporation Rostekh, Sergei Chemezov reported to journalists on the margins of the SPIEF. According to him, Chinese investment fund HOPU Investments will receive 10% in this project and will attract loans, Rostekh will have 25%, the rest will be received by Metalloinvest of Alisher Usmanov. “The Chinese fund buys 10% in this project and provides the rest with credit," - said Chemezov.

"We have an option, on which we pay our share of direct costs in Udokan to date. Today it is over 27 billion rubles,"- the head of Rostekh added. He also didn’t rule out sale of the state-owned corporation’s share in Udokan in the future. "When we decide to sell this project, its value should be more than our costs, of course," - he said.