IRC provides an update on negotiations regarding ICBC facility

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.

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