Mechel expects to receive the next tranche of VEB for development of Elga deposit before September
Edited by Rhod Mackenzie / 2014-07-29 12:18:00
The leading Russian mining and metallurgical company Mechel of Igor Zyuzin expects to get the next tranche of VTB to the amount of $2.5 billion for the development of the Elga coal deposit before September, 2014, general director of Mechel Mining Pavel Shtark reported in interview with the ITAR-TASS.
Investments in the development of the Elga coal complex will be taken only from the funds, allocated by VTB Bank, said Pavel Shtark.
"Today, the company’s money is used only to maintain the current facilities and to service the debt, he said.
