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Mining NewsUncategorized

Russian alliance & credit line, Polyus Gold & Sberbank

Jan 26 Russia’s largest gold producer Polyus Gold said on Tuesday it had secured a credit line worth $2.5 billion from Sberbank, Reuters reported.

Polyus did not say how it would use the funds. Interfax news agency reported last week a Sberbank loan would be partially used to finance a buy-back of Polyus shares on the market.

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