13
Jun
15:43
Metalloinvest secures funds to reduce concentrate production cost
Metalloinvest has signed a long-term credit facility agreement with Crédit Agricole CIB, guaranteed by German export credit agency Euler Hermes Aktiengesellschaft. The 12-year funds of €72 million ($84.8m) will go towards reducing iron ore concentrate production cost.
Besides production cost reduction, the Russian hot-briquetted iron exporter anticipates operational efficiency improvement of open pit development. These will be achieved by the constru…
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Anonymous
Very good overview of the weekly steel market.
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