The FINANCIAL - EBRD funds first privately owned copper mine in Mongolia: "The FINANCIAL -- In its largest investment in Mongolia to date, the EBRD is raising the standards in the country’s mining industry with a US$ 250 million loan for the development of the Tsagaan Suvarga copper mine located in the Dornogobi province, south-eastern Mongolia.
Through the project the Bank is aiming to help develop a sustainable mining sector in Mongolia. The project also has a strong demonstration effect, as it introduces high environmental and social standards in the Mongolian copper industry, as well as supporting the further growth of a domestically grown company. Another US$ 100 million is expected to be syndicated by the EBRD on the international market."
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