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FEBRUARY 14  


Savings Bank of Russia Will Credit Susumanzoloto with 410 mln Rubles for "Vetrenskoye" Golden Deposit Reclamation

Savings Bank (SBERBANK) of Russia decided to make a 5 year investment of 410 mln rubles in reclamation of Vetrenskoye deposit by Susumansky GOK "Susumanzoloto". This Magadan situated enterprise is one of the biggest gold producing enterprises of Russia.
Within 3 years the enterprise is the SBERBANK partner at precious stones market. Since 1998 the Bank provides the enterprise with short-turn credits for making preparations for the season and assures precious metals mining together with concluding contracts on gold sale. During the partnership period over 8 t of precious metals were delivered to the reserves of SBERBANK.

Maria Ignatova

Source: Prime-TASS
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