Vnesheconombank and the Export-Import Bank of China (Eximbank) entered into a Memorandum of Understanding. On behalf of Vnesheconombank the Memorandum was signed by Vnesheconombank First Deputy Chairman – Member of the Board Petr Fradkov and on behalf of Export-Import Bank of China by President Mr.Yuan Xingyong.
The parties intend to participate in implementing a project “Comprehensive Development of the Bystrinsky Iron-Oxide-Copper-Gold Ore Deposit in the Zabaikalye Territory” as part of which .there are plans to raise funds of Chinese financing institutions.
The project provides for the construction of four open pits as well as an ore mining and processing integrated plant with a processing capacity of 10 million tons of ore per year with producing copper, gold and magnetite concentrates and for launching required transport and engineering assets.
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