Beloretsk Metallurgical Plant (BMP), a subsidiary of Mechel, one of the leading Russian mining and steel producing groups, has been provided with one-year credit lines totaling $25 million by Russia's Ural-Siberian Bank (UralSib).
The one-year credit lines will be used by BMP for the replenishment of its cash flow.
The agreement amounts to 12.8 percent of the value of BMP's total assets.