Between “Susumanzoloto” and VTB approved the guarantee agreement as security for obligations of CJSC “Gold mining company “Omchak”.
MOSCOW, 4 Mar. Susumansky mining and processing plant “Susumanzoloto” will attract a credit line from VTB in the amount of 1.5 billion rubles by 2023, says the company.
According to the decision taken by the Board of works approved a contract of guarantee between the “Susumanzoloto” and VTB as security for obligations of CJSC “Gold mining company “Omchak” (a subsidiary enterprise).
“To approve the conclusion of the contract of pledge of the shares of CJSC “Gold mining company “Omchak” in the amount of 100% between JSC “Susumanzoloto” and VTB Bank, as security for the obligations of CJSC “SAM “Omchak” under the credit agreement with VTB Bank”, — is told in the message.
The loan period is until 31 December 2022, with a possible extension until 30 June 2023. The interest rate will be 11.9 per cent.
“Susumanzoloto” developing placer gold in the territories of Susumansky, tunkinskogo, Hasanskogo and yagodninsky districts of the Magadan region. The company is among the top ten gold producers of Russia. In 2015 the enterprises of the company produced 4,234 tons of gold, which is 6,58% higher than in 2014.
Subsidiary of JSC plant “Omchak” is the owner of 5 licences in the Chita region and performs a complex of works on construction of a mine at the Deposit of “Upper Aliya” and conducting prospecting works on mountain bends its own license.