OREANDA-NEWS. February 16, 2012. Sviaz-Bank’s branch in Kemerovo, East Siberia, is to accommodate Zarechnaya Mine, OJSC, with a loan in the form of a revolving credit line of 500 million rubles to be drawn down for three years to increase the company’s working capital, reported the press-centre of Sviaz-Bank.

This is a second credit line to be opened by Sviaz-Bank to the company. The first credit line was opened last December on similar terms. Added up, the two credit lines opened to Zarechnaya Mine, OJSC, are to reach 1 billion rubles.

“Zarechnaya Mine is a major coal mining and beneficiation undertaking in Russia,” says Zhevdet Zakirov, Manager of Sviaz-Bank’s Kemerovo branch. “We are interested in expanding cooperation with the company in the future.”

Zarechnaya Mine, OJSC, is the core undertaking of Zarechnaya Coal Company.