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"Polyus" with deposits in the Far Eastern Federal District and Siberia opened a credit line for 65 billion rubles
The largest producer of gold in Russia - the company "Polyus" opened a credit line in Sberbank in the amount of 65 billion rubles. It will operate until 2024 year to refinance the credit line expiring in 2019.
In 2014, Polyus used 33 billion in the current line and subsequently converted this debt into dollars. According to the press service of the company, now the gold miner plans to pay the principal amount and liabilities in the framework of cross-currency swaps. The total amount is about one billion dollars.
The main production facilities of Polyus are located in the Krasnoyarsk Territory, Irkutsk and Magadan Regions, and the Republic of Sakha (Yakutia). According to the report on the ore reserves and mineral resources of the company for 2017 year, Polyus ranks second among the world's largest gold mining companies in terms of reserves and resources.