OREANDA-NEWS. August 01, 2012. Polyus Gold International Limited (LSE - PGIL, OTC (US) - PLZLY, "PGIL", "Polyus Gold" or the "Company"), the largest gold producer in Russia, announces that it has entered into a  finance agreement with VTB Bank for a total amount of up to 5 billion rubles (approximately USD 150 million), reported the press-centre of PGIL.

The facility will be utilised in the form of letters of credit issued by VTB Bank on the Company's request. Additionally, the agreement provides for deferred repayment of letters of credit, should that be requested by PGIL.

The facility will be used to support the purchase of equipment for the Natalka project where the Company is on track to start commissioning a 10 million tonnes of ore per year processing plant in December 2013.

Notes to editors
With proven and probable reserves exceeding 31.6 million ounces of gold and measured, indicated and inferred resources of 59.7 million ounces of gold, Natalka is one of the largest undeveloped gold deposits in the world. The deposit is located in the Magadan region in the Far East of Russia, some 400 km north-west of the regional capital, Magadan.