Project Notice |
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| PNR | 51767 |
| Project Name | DFF - Khan Altai |
| Project Detail | Location: Mongolia Project number: 54081 Business sector: Natural resources Notice type: Private Environmental category: B Approval date: 09 May 2023 Status: Approved PSD disclosed: 31 May 2023 The provision of a senior loan of up to US$ 10 milion (€9 million) to Khan Altai Resource LLC, a project entity created for the purpose of developing oxide ore gold mining operation based on Khan Altai gold deposit located in southwestern Mongolia. The loan will consist of two tranches: (i) US$ 4 million of committed tranche; and (ii) US$ 6 million of uncommitted tranche. Project Objectives The proceeds of a senior loan will be used to finance purchase of equipment for leach pad maintenance to achieve sustainable gold production levels |
| Funded By | European Bank for Reconstruction and Development (EBRD) |
| Sector | Forestry |
| Country | Mongolia , All Region |
| Project Value | MNT 10,000,000 |
Contact Information |
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| Company Name | KHAN ALTAI RESOURCE LLC |
| Address | Gantulga Bazarragchaa gantulga.b@khanaltai.mn +976 7777 2727 https://khanaltai.mn/ Ulaanbaatar 24 Mongolia 15141, M Plaza, 17th Floor, Sambuu Street |
| Web Site | https://www.ebrd.com/work-with-us/projects/psd/54081.html |
