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Prime: Head of VEB: Udokan may be financed in RMB out of the loan provided by China Development Bank

RSS 16 December 2015

Udokan copper deposit development Project may be financed in RMB out of the loan provided by China Development Bank, Head of Vnesheconombank Vladimir Dmitriev said in the interview.

“Udokan deposit, one of the largest copper deposits globally, is the second major project in our focus. A decision on Udokan Project has already been taken at the meeting of our Supervisory Board, and we expect the Project to be financed in RMB out of the credit resources that we obtain here, first of all from China Development Bank,” Dmitriev stated. Udokan deposit in Zabaikalye Region is one of the largest globally in terms of copper reserves. Baikal Mining Company is the operator of the Project.

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