Oct. 28 Severo-Onezhsky Bauxite Mine signed contract with Sberbank on the evergreen credit line in the volume of one billion rub., the company informed.
The credit period expires in Oct. 2014. The credit was approved at the BOD sitting Sep. 9.
Severo-Onezhsky Bauxite Mine (TIN 2920000414) was formed within the privatization of the state entity under the same name. It provides development of Iksinskoe field in Arkhangelsk reg..
The IH 2013 net losses reached (RAS) 20.336mln rub. vs. 5.141mln rub.
in profit prior year; revenues being down 22.19% to 218.86mln rub. from 281.287mln rub.; losses from sales coming down to 6.837mln rub. vs.
19.164mln rub. in profit; pretax losses gained 14.406mln rub. vs. 13.947mln rub. in profit.