Far East | Finance, business | Materials, extraction

VTB loans Khabarovsk gold miners $19m

24 Jan '11
VTB Bank is funding gold production in the Khabarovsk region through its $19m line of credit opened for 2010 and 2011, the bank said.

It is a reported 60% y/y increase and is said to account for 80% of all funding made available for the region’s gold sector.

Khabarovsk regional gold miners reported a 3.7% y/y increase in gold production between January and September 2010.

VTB Bank is Russia’s second largest bank.
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Locations: Khabarovsk krai

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