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Article: Polyus, MBC Resources seek state funding for projects with AES in Yakutia (Part 2).
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- June 25, 2007
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Polyus, MBC Resources seek state funding for projects with AES in Yakutia (Part 2)
MOSCOW. June 25 (Interfax) - MBC Resources, the flagship of the Metropol group's mining holding, and gold producer Polyus Gold (RTS: PLZL) will apply to the state Investment Fund for resources to finance projects to be delivered in Yakutia in conjunction with AES Silk Road, Polyus, which is Russia's biggest gold producer, said in materials.
The three companies hope to lean on the Investment Fund and to use their own capital to build roads and power transmission lines in the Tompon district of Yakutia. This will facilitate the implantation of the companies' own mining and ...