VEB mulls consortium to finance Udokan copper project

摘要

Vnesheconombank (VEB), LLC VEB Engineering and LLC Baikal Mining Company (BMC), a subsidiary of the Metalloinvest group, signed a letter of intent on cooperation on September 12. The letter of intent, which was signed in Irkutsk by VEB deputy chief executive Anatoly Ballo, VEB Engineering board director Mikhail Rogachev and BMC general director Andrei Varichev, states that the parties are interested in implementing the project to develop the Udokan copper deposit in Trans-Baikal Territory, the license to which is held by BMC.