Trademetinvest

MIGA issued its first coverage in Russia to Multiserv Russia, S.A., a company incorporated in Belgium, for its investment in machinery and equipment for a steel slag processing operation in Magnitogorsk. The project will operate at the facilities of Magnitogorsk Metall Kombinat, the largest steel mill in the world, and will introduce modern metal recovery systems in Russia to help process environmentally hazardous stockpiles of slag. MIGA has provided $9.9 million in insurance to Multiserv Russia against the risk of war and civil disturbance for fifteen years. MIGA's participation has played a critical role in securing financing for the project.