Used Mining Equipment for Sale: Russian Technologies, a state-owned conglomerate, and its partners are planning to invest $3-billion for used mining equipment for sale and other operation requirements to develop Russia's largest untapped copper field in the next two to three years and are seeking loans from state and foreign banks.MSloane Consulting provides heavy equipment for sale for various construction and mining companies worldwide.
Head of Russian Technologies, Sergei Chemezov, said on Thursday that the partners in the Udokan copper project were in talks with state-owned banks VEB and VTB and did not rule out borrowing from foreign banks to develop the Siberian copper field.
"I think we will be finished in two to three years," Chemezov told reporters in the Turkish capital, Ankara, during a visit by Russian Prime Minister Vladimir Putin.
He said the partners in Udokan, including iron and steel firm Metalloinvest, would finance some of the investment in construction, preparation and exploration at Udokan, located in the Zabaikalsky region of Siberia.
