Anzheromash Signs Agreement with Industrial Development Fund for 645 Million Ruble Concessional Loan

OJSC Anzheromash, Russia's largest manufacturer of mining equipment, has signed an agreement with the Industrial Development Fund to obtain a concessional loan of 645 million rubles (~$8.47 million). The funds are intended to launch a new line of gearboxes in Anzhero-Sudzhensk, designed for conveyor transport, shearers, and other mining machinery. The loan will allow the company to expand production capacity and strengthen its position in the mining equipment market.