NEWS & EVENTS: Breaking News
25.06.2009 10:29
June 25. Russian mining and metallurgical company Mechel is confident that it will be able to successfully restructure or refinance not only a USD 1 bn loan raised to acquire British Oriel but also a USD 2 bn loan issued in 2007 to purchase Yakutian coal assets. “The group is currently in talks with a consortium of banks but most likely, the negotiations will not end until the second half of the year”, according to the company’s SEC statement.
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