EDB, Alfa Bank to lend $120 million to Belaruskali to replenish floating assets

The Eurasian Development Bank (EDB) and ZAO Alfa Bank will lend $120 million to the Belarusian fertilizer manufacturer Belaruskali for the sake of replenishing the company’s floating assets. The sides also discussed prospects of possible cooperation in the commissioning of new Belaruskali mines and the modernization of existing production assets. Belaruskali is one of the world's largest manufacturers and exporters of potash fertilizers. The company comprises four mining departments, auxiliary and support departments.