RUSSIA LEASING
March 1st, 2004
BY KEITH NUTHALL
A FOURTH mining equipment leasing package for Russia has been signed by the European Bank for Reconstruction and Development. This latest agreement will help Japan's Sumitomo group expand its supplies in Siberia and the Russian far east, through a US$45 million leasing framework, with the bank bearing one third of the risk. The facility is targeted at medium-sized companies, notably those mining gold.
A FOURTH mining equipment leasing package for Russia has been signed by the European Bank for Reconstruction and Development. This latest agreement will help Japan's Sumitomo group expand its supplies in Siberia and the Russian far east, through a US$45 million leasing framework, with the bank bearing one third of the risk. The facility is targeted at medium-sized companies, notably those mining gold.
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