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Alrosa uses gas sale proceeds to repay loans

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DIAMONDS
Diamond miner Alrosa has used the proceeds of the cash sale of its gas assets to repay $450-million in bank loans. The company announced on Monday that it had repaid a $250-million loan from Rosbank and a $200-million portion of its existing Raiffeisenbank loan, reducing its debt by more than 27% to $1.17-billion.
 
 
 
 
 

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