August 21, 2015. Sredneuralsky Copper-Smelting Plant/SUMZ (a member enterprise of Ural Mining & Metallurgical Company) decided on using a credit line of up to $40m offered by Gazprombank, the company reports.

This is, in fact, a working capital loan that the company needs to refinance its other financial obligations, among other things. Under the agreement, Gazprombank is willing to provide the money in national (ruble) as well as foreign (US dollar and Euro) currency.