OREANDA-NEWS. February 11, 2011. The Bank of Moscow has extended a loan of USD138 mln to "Artel starateley Amur" OJSC for a period of 3 years.

The Bank has also extended a loan to Amur Zoloto LLC (100% of the shares in Amur Zoloto LLC belong "Artel starateley Amur" OJSC) to the sum of USD17 mln for a period of 1.5 years.

The funds will be used for mining platinum and gold.

For information:

Artel starateley Amur (open joint-stock company) and its subsidiary Amur Zoloto (limited liability company) operate in Khabarovsk Territory, are among the Russian Federation’s biggest gold-mining enterprises and occupy second place in the country in the mining of platinum. The companies mine lode gold and alluvial gold and alluvial platinum. Gold is mined at the Yubileiniy and Tas-Yuryakh ore mining and dressing plants, the Buor and Ulakhan deposits; platinum is developed and mined at the Konder placers. In 2010, over 2 metric tonnes of gold was mined and in the order of 3.5 metric tonnes of platinum.