Russian VTB Bank provides $283 million for construction of mining plant in Teghut of Armenia | ArmBanks.am

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Russian VTB Bank provides $283 million for construction of mining plant in Teghut of Armenia

22.12.2014 14:31

Russian VTB Bank provides $283 million for construction of mining plant in Teghut of Armenia

YEREVAN, December 22. /ARKA/. Russian VTB Bank provided $283 million for construction of a mining and concentration plant in Teghut of Armenia, the press office of VTB Bank (Armenia) reported.

The total cost of the project is about $350 million.

With support from VTB Bank open joint stock company, the Vallex Group is implementing one of the biggest economic projects in Armenia, i.e. construction and maintenance of Teghut copper and molybdenum deposit, says the report.

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Categories: Banks @en, News, News of the hour | Comments Off on Russian VTB Bank provides $283 million for construction of mining plant in Teghut of Armenia

Tags: Armenia, Gusev, Russian VTB Bank

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