Skip to main content

SUEK signs credit agreement with JBIC for mining equipment

Published by , Editor
Global Mining Review,


On 14 June, SUEK signed an agreement with the Japan Bank for International Cooperation (JBIC) on receiving a credit line.

The loan in the amount of up to US$50 million has been financed by JBIC and commercial banks. Nippon Export and Investment Insurance (NEXI) has provided loan insurance covering the commercial banks’ part.

The funds will be used toward purchasing Japanese mining equipment.

The Tokyo Branch of Citibank, N.A. acted as the agent for the deal.

SUEK and NEXI signed a Memorandum of Understanding at the 23rd St. Petersburg International Economic Forum on 6 June 2019.

Nikolay Pilipenko, SUEK CFO, stated: “We are pleased to continue and expand our co-operation with Japanese governmental agencies and financial institutions. SUEK has strong ties with Japan. We sell our products to Japanese customers. We buy Japanese industrial equipment and goods. We receive financing from Japanese banks. Signing this credit line deal is one more step towards exploring, creating and using opportunities for the mutual benefit of our countries, as well as our organisations.”

Read the article online at: https://www.globalminingreview.com/mining/18062019/suek-signs-credit-agreement-with-jbic-for-mining-equipment/

You might also like

 EnviroTech

Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Mining equipment news