Member Info for mac4671

would like it to be.

And one more direction, according to which the bank works, is the management of pension savings. Last year, not only was their absolute safety ensured, which is natural, but the profitability of their investment by VEB was almost 3.5 times higher than the annual inflation. This is a good result.

One of the main tasks of the bank is participation in projects on the development of digital technologies. We have been talking about this relatively recently with Bank Chairman Igor Ivanovich Shuvalov. And today we will consider the possibility of financing one of such projects at the expense of VEB's funds. It is about the creation of new orbital communication satellites and television and radio broadcasting on the basis of the company "Space Communication". We all understand the competition in this sphere, how quickly the technologies develop here. And to keep up, our companies need to move quickly on this track. To replace outdated spacecraft with more powerful, more modern, more high-tech ones. Financing by VEB will strengthen the positions of our operators in the global communications market and support the Russian enterprises of the defense industry complex,

The next question concerns Vnesheconombank's participation in financing new facilities at Sheremetyevo Airport. Here the bank worked as an effective and reliable development institution, supported the project at the very beginning, when there were high risks and it was difficult to attract a quality long-term investor. Now the situation is different. All objects included in the project are put into operation and show a sufficiently high profitability. Repayment of the loan goes without delay. Therefore, the market shows a significant interest in this project. Today we will consider its prospects.

And a whole block of issues relates to the management of VEB's subsidiaries and affiliates. In particular, we are talking about the transformation of two subsidiary banks - Globexbank and Sviaz-Bank. Let me remind you that earlier, in April, we decided to unite them - proceeding from the fact that commercial banks should gradually leave the structure of the group. Today we will consider the specific parameters of what is necessary in this direction to do.

Briefing by Igor Shuvalov, Chairman of Vnesheconombank, at the end of the meeting

From the transcript:

I.Shuvalov: Chairman of the Government Dmitry Anatolyevich Medvedev, as Chairman of the Supervisory Board of Vnesheconombank, held a meeting of the Council on 21 issues. All issues were considered, decisions were made, tentatively agreed with the working group of the Government, headed by Maxim Akimov.

We have submitted a report on the work of Vnesheconombank for 2017. In his opening remarks Dmitry Anatolyevich called the parameters of this report. Today we also spoke about the negative manifestations that emerged during the work for 2017. The press noted that a loss of 200 billion rubles was recorded.

... of Vnesheconombank -

In the agenda: on the results of Vnesheconombank's work for 2017, on investment projects financed by the bank.

Opening Remarks by Dmitry Medvedev

Briefing by Igor Shuvalov, Chairman of Vnesheconombank

Opening remarks by Dmitry Medvedev :

Meeting of the Supervisory Board of Vnesheconombank
Meeting of the Supervisory Board of Vnesheconombank

Today we will sum up the results of Vnesheconombank's work last year, discuss the projects that VEB is proposed to support, as well as a number of issues related to corporate governance and current activities.

Recently, we have taken a whole range of decisions on the serious upgrade and modernization of the whole VEB Group. The Bank is now in the process of transforming, forming the contours of an optimal business model that will allow it to actively participate in the fulfillment of our strategic tasks, in particular, Presidential Decree No. 204 of May 7 . Together with other development institutions to finance projects that are of paramount importance for our country, especially in the field of infrastructure and digital development.

Document
About the state guarantee for the projects of the "project financing factory"

The state renders the bank constant and very substantial support. Let me remind you that recently we launched a new investment mechanism on the basis of VEB - a project financing factory. This mechanism is aimed at those investors who are ready to work in the real sector, invest in modern production, create promising high-tech products and services, and not only for the Russian market. Such projects will be carefully selected and will receive state guarantees. We have already provided the money necessary for this in the federal budget, these are quite significant resources. We are counting on the corresponding result. I signed a government decree on August 7on granting a state guarantee of the Russian Federation on bonded loans, which are attracted by the Limited Liability Company "Specialized Project Finance Company" Project Finance Factory ". Provision is made in 2018 of state guarantees for the amount of 294 billion rubles, valid until December 31, 2040. This kind of solution, I hope, will facilitate work within the project financing factory.

Participants of the meeting
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List of participants of the meeting of the Supervisory Board of Vnesheconombank, August 9, 2018
Now a few words about the results of last year. In general, the indicators that were determined for the bank in the development strategy are fulfilled. Seven new investment projects have been launched, the total volume of their financing exceeds 220 billion rubles. Among them, leasing for "Aeroflot" 20 new aircraft "Sukhoi Superjet", projects in the field of transport, deep processing of mineral raw materials, a number of other projects. The credit and guarantee support of industrial exports is growing, although, of course, not as fast as we would like it

Just classing it as extra time for small top ups tbh. Shifting my average up a little but still holding a decent profit thus far.

I personally don't think the license is far away, they clearly had to sort out that which they did the other day with the brothers but now it's pretty much free to get signed off and move forward at any point now!

GLA

...think the license will land this week?

Also intrigued what the WK news was/is that was supposed to be released last week and if anyone thinks that will land this week?

GLA

'We intend to make a further statement on West Kytlim before  the end of next week'

Shouldn't really include a statement saying one will land if they're not going to drop one. Suppose it's today or nothing, so we'll soon see.

GLA

There's some good money floating around out there and i would be very surprised if there wasn't a few with monchetundra in their sights!.

Production or sale, it's win win for us PIs!

GLA

The license lands and the whole thing changes. Guess we can only wait and see what will happen as to how high she goes and how fast people convert.
While people will sell others will buy, the license will attract a whole different level of investor here and so even 300m could be swallowed up pretty fast.

Eurasia have done what it has had to do to survive and get to the point it is now at, something which a lot of minnow mining companies never achieve. Financing is ridiculously hard for miners and so no matter which way you look at it they have achieved something fairly extraordinary here thus far and even more so with the sinosteel deal imho.

GLA

At least it's out the way. 54m won't take long to shift if the license lands.

GLA

.... a small top up at this level. Miss the 0.2 days for topping up though lol

GLA

License can land any time now and hopefully it will this week!.

More WK news due by the end of the week so pretty exciting times here at eurasia.

GLA

I think an offer for the jv will come sooner or later from one of bcns blue chip investors. Just my opinion though. GLA

Seems that even the big players can mess up with figures then TDT. GLA

Hoping both come in one rns yes.

WK news is bound to be good otherwise i don't think it would of been mentioned in that last rns. Going from WK licensing, then if monchetundra follows suit at this last stage then it should land this week and the re-rate from here should be pretty huge imho.
Can't see any reason why it won't come with the strong chinese and russian relations currently being formed.

GLA

Is 1.7 million tons accurate?. That's pretty mind boggling huge if it is!

GLA

'which will provide 1.7 million tons of platinum group
metal per year'. . . . . that's pretty massive!!!!!.

Great find guys.

GLA

The table does seem to contradict what is written TDT, and so is a valid point!.

I've just been having a look at WK via google satellite and the deforested areas do look to have increased significantly since the last time i looked so we'll be in for a decent season on that front by the look of things.

What eurasia seem good at is finding the assets and getting through the russian licensing system. They're a new company to production so can and should only get better with experience on that front.

GLA

Thechinaman is right, the palladium equivalent has been mentioned previously to just be platinum and palladium. All other base metal credits and gold are additional.

GLA

Exposed areas are forever increasing when you zoom in with google satellite, so the work is definitely moving forward nicely over there!

GLA

Nice info thechinaman!.

Hopefully the sign off lands this week coming

GLA

He has a plan which he seems to be sticking to in a very disciplined manner which is good to see.

Average down time for me i think.

GLA