Metinvest eyes improved financial results in 2011

Ukraine's largest vertically-integrated mining and steel group Metinvest plans to increase its revenues from $9.4 billion in 2010 to $13.5-15 billion in 2011. EBITDA is expected at $3.5 billion. In 2011, Metinvest plans to refinance $1.2 billion of credit with a desired rate of LIBOR plus three percent against the current LIBOR plus 5.5 percent. The company plans to pay up to $800 million in dividends in 2011, against $685 million in dividends in 2010.