Cement News tagged under: European Bank for Reconstruction and Developm
Mongolia: Senj Sant receives EBRD loan05 August 2014, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) has signed a deal to loan Senj Sant US$65m for a new greenfield cement plant in southern Mongolia, about 450km from the capital Ulaanbaatar. The agreement, signed at a ceremony recently by EBRD First Vice President Phil Bennett, follows an earlier US$20m equity investment for a stake in Senj Sant agreed in May 2013. “This project represents yet another step towards the diversification of Mongolia’s economy,” Mr Bennett said at the... |
Senj Sant to receive US$65m EBRD loan for Mongolia plant02 May 2014, Published under Cement NewsMongolia’s Senj Sant is building a greenfield cement plant in southern Mongolia to meet the growth in demand generated by the country’s rapidly-expanding economy. Part of a May 2013 financing package, the project has now received further financing by the European Bank for Reconstruction and Development (EBRD), which is extending a US$65m loan to the company. The package included a US$20m equity investment in Senj Sant, which is owned by the Monpolymet Group. During the signing ceremon... |
Page
1
of
1
1