IRC Limited made this announcement to provide an update on the negotiations involving the Company, Petropavlovsk PLC, and the Industrial and Commercial Bank of China in relation to the US$340 million project finance facility dated 13 December 2010 between Kimkano-Sutarsky Mining and Beneficiation Plant LLC and ICBC. Petropavlovsk has guaranteed the outstanding amounts K&S owes to ICBC, with total loan principal as at 31 March 2018 amounting to approximately US$234 million.
Read more at Update on Negotiations Regarding ICBC Facility.
