EBRD arranges US$ 1.2 billion syndicated loan for Oyu Tolgoi mine
IFIs, ECAs, development and commercial banks lend US$ 4.4 billion for project expected to boost Mongolia’s growth The European Bank for Reconstruction and Development (EBRD) has arranged a syndicated loan of US$ 1.221 billion to Oyu Tolgoi LLC, a company established to develop the world’s largest undeveloped copper and gold deposit in the South Gobi region of Mongolia. Oyu Tolgoi is already producing copper from an open pit mine, but more than 80 per cent of its value lies in the proposed unde ru.cbonds.info »