Currently viewing Global edition

Petropavlovsk cuts exposure to IRC debt

Russia-focused miner Petropavlovsk (LSE:POG) says its exposure to 31%-owned iron ore miner IRC will be reduced under a new debt package for the junior company, despite handing over US$27 million in a new bridging loan.

Petropavlovsk cuts exposure to IRC debt Petropavlovsk cuts exposure to IRC debt Petropavlovsk cuts exposure to IRC debt Petropavlovsk cuts exposure to IRC debt Petropavlovsk cuts exposure to IRC debt

The K&S plant in Russia's far east

Petropavlovsk has lowered its guarantee under the new $240 million Gazprombank package from $204 million to $160 million.

Most read Finance