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Altyn secures US$17M loan to ramp up Sekisovskoye gold project

Altyn PLC's application for a US$17 million loan from Kazakh Bank JSC was approved by the bank's credit committee.

The company will use the funds to ramp up production at the Sekisovskoye gold project in Kazakhstan and to fund development plans, it said Sept. 11.

The loan bears interest at 6% and is repayable in installments over seven years.