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EDC funding backs Kinross’ Kupol ownership stake
05 January 2012
A loan from Canada’s export credit agency and commercial banks will allow Kinross to acquire the remaining 25% in the Kupol gold and silver mine in Chukotka, Russia.
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export credit agency
eca
EDC
Export Development Canada
KInross
Kupol
Russia
gold mine
Chukotka Mining and Geological Company
Export Development Canada (EDC) and a club of commercial banks have committed to a $200 million loan to allow Kinross Gold Corporation to acquire the remaining 25% stake in Russia’s Kupol mine.
The loan, announced on 22 December 2011, supports Kinross’ $350 million purchase of shares...
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