RCC is awarded high credit rating
20.01.2022 — News
The Russian Copper Company Group has been awarded an A+(RU) credit rating and a stable rating outlook by the Analytical Credit Rating Agency (ACRA). The experts based their decision on RCC’s strong market positions, robust business portfolio backed up by low-cost copper production, availability of resources, and extensively diversified production. They also pointed out that RCC ranked second in copper concentrate production in Russia and ranked first in proven registered reserves (ranking eighth in the world).
As RusBusinessNews has been informed by RCC’s Press Service, the proven reserves are estimated at more than 16 million tons and will be able to meet the company’s needs for at least 30 years.
The Expert RA Rating Agency assigned a ruA+ long-term credit rating and a stable rating outlook to the RCC Group. The analysts positively assessed the expansion of RCC’s production facilities. The construction of the Tominsky Mining and Processing Plant (Tominsky GOK) made it possible to increase the output of copper concentrate by 94% or by 65% in cathode equivalent. When Amur Minerals Plant starts operating in the Khabarovsk Territory, the output of copper concentrate will increase by 250 thousand tons a year.
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