(EnergyAsia, October 14 2013, Monday) — Mechel OAO, a leading Russian mining and metals company, said its application for US$2.5 billion to finance the first-phase development of a coal project has been approved by the supervisory board of the Vnesheconombank’s (VEB). The loan, payable over 13.5 years with a grace period till 2017, will be…
RUSSIA: Bank approves Mechel’s application for financing US$2.5 billion development of Elga coal complex
Posted on October 14, 2013 by EnergyAsia