News
15 June 2018

Petropavlovsk bails out IRC over ICBC repayment prior to refinancing

In:
Metals and Mining
Region:
Europe

Gold miner Petropavlovsk has loaned $29.75 million to IRC Ltd to help an IRC subsidiary meet a payment due under an ICBC project loan. Petropavlovsk, which owns 31% of IRC, says the bridge loan will be repaid as soon as refinancing of the ICBC facility is completed. The $340 million...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
16 July 2026

De la Espriella brings hope for Colombian infrastructure

The administration of incoming president Abelardo de la Espriella could trigger a wave of investment in roads, ports, and energy. Greater regulatory stability is expected,...

Perspective
21 July 2026

Sofia Airport brings project bonds to Bulgaria

The refinancing for Bulgaria’s Sofia Airport combines long-dated institutional capital, a DFI anchor commitment and flexible bank funding. Where asset quality, sponsorship and...