Mechel, one of the leading Russian mining and metals companies, has announced the extension of the maturity of credit lines from Credit Bank of Moscow totaling $105 million until February 2016. The security pledge and interest rate remain unchanged.
Mechel is an international mining and steel company which employs over 80,000 people. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.