The creditors of "Mechel" appear to agree terms.
Edited by Rhod Mackenzie / 2015-12-11 07:30:02
Finance Metals and mining Russia Financial results Mechel Shares Russia Metals and Mining Coal Steel
The company expects to restructure all debts in March.
"Mechel" of Igor Zyuzin intends to complete the restructuring of $ 6.3 billion debt in March 2016, simultaneously adding key creditors into the board of directors of. The situation is largely dependent on whether the company and the state banks-creditors are able to implement the scheme to repurchase "Elgaugol" by Gazprombank and the subsequent sale of the railway to the BAM to JSC Russian Railways. But this scheme bumps into the limited ability of the monopoly and VneshEconomBank, which has to finance the development of the Elga deposit.
