China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. revealed that financing and cooperative agreements has been inked with China Development Bank (CDB) and East Siberian Metals Corporation (MBC) from Russia.

According to the agreements, NFC will purchase a 50% stake in Ozernoye complex deposit held by MBC; NFC will be responsible for the general contracting of the project integrating design, procurement, construction and management in the future; and NFC will take charge of distribution of related products from the project. Meanwhile, CDB agreed to offer financing to the project.

The Ozernoye complex deposit is a world-class lead zinc mine, with mining right 100% held directly and indirectly by MBC.