EBRD to invest €25m Kosovo nickel producer

MINEX Forum | September 9, 2019
img0 The European Bank for Reconstruction and Development said it will provide €25-million to Kosovo’s sole ferro-nickel producer Newco Ferronikeli to improve environmental standards and energy efficiency. The company which is the largest of Kosovo’s exporters was bought by Albania’s Balfin Group last year in what was seen as a rescue deal aimed to restore production ...

Polymetal and EBRD came to an agreement regarding the $140-million loan for the Kyzyl project

David McHutchon | June 23, 2017
img0 Precious metals miner Polymetal has secured a $140-million loan to finance the remaining capital expenditure for its Kyzyl project, paving the way for operations at the 300 000 oz/y Kazakhstan gold mine to start in the third quarter of 2018. The loan agreement with the European Bank of Reconstruction and Development (EBRD) has a five-year ...

EBRD to help Kyrgyzstan to rehabilitate uranium production sites

David McHutchon | April 5, 2017
img0 A joint delegation from the European Union and the European Bank for Reconstruction and Development (EBRD) has held talks with the government of Kyrgyzstan on addressing the environmental legacy of uranium mining in Central Asia, said world-nuclear-news.org. Kyrgyzstan, Tajikistan and Uzbekistan formed an important uranium-producing region in the former Soviet Union, and more than 9000 tonnes ...

Agris Preimanis was appointed new EBRD Director for Kazakhstan

David McHutchon | March 30, 2017
img0 The EBRD has appointed Agris Preimanis new Director for Kazakhstan, one of the Bank’s largest countries of operations where it has invested more than US$ 8 billion to date, said the bank. The announcement was made today in Almaty, the country’s largest city, during a high-level visit led by EBRD First Vice President Phil Bennett.Agris Preimanis, ...

Uranium mining legacy fund, Precondition for EBRD project implementation in Kyrgyzstan and Tajikistan

David McHutchon | January 26, 2017
img0 Image: ekathimerini.com The EBRD’s latest nuclear safety fund is making progress. Framework agreements have been signed with the Kyrgyz Republic and Tajikistan which will provide the legal basis for implementation of projects in these countries. The purpose of the “Environmental Remediation Account for Central Asia” is to support measures to deal with the legacy of Soviet-era uranium ...