VTB Bank
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Loans to the mining industry

Loans to the mining industry

About product

Financing options for mining companies

VTB offers two options for financing mining companies and firms producing precious metals – in rubles or foreign currency

Types of financing mining companies

Financing current expenses
VTB Bank provides credit facilities to finance the production, processing and sale of precious metals during the current year’s production season, as well as the costs of participating in tenders and auctions
Current financing also includes issuing bank guarantees for no more than 12 months to participate in tenders/auctions to acquire development licenses, to develop lode and placer gold deposits, and for the tax authorities to ensure the payment of VAT arrears
Medium term financing
VTB Bank provides loans/credit lines to finance precious metal production and marketing costs as of the preparatory stages for a period of from one to four years