Donetsk People’s Republic nationalizes Mechel’s suspended plant

MINEX Forum | July 22, 2016
img0 Image: http://scandaly.ru/ Mechel PAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports receipt of the notice for introduction of a temporary state administration at the integral property complex of the Private Joint-Stock Company “Donetsk Electrometallurgical Plant” which is part of Mechel Group, the company’s press service reported. The Decree №12 ...

Mechel’s Foreign Lenders Seek More Collateral for Restructuring

MINEX Forum | July 21, 2016
img0 Image: http://scandaly.ru/ Mechel PJSC’sforeign lenders are seeking more collateral before agreeing to restructure $1 billion of the Russian steel and coal producer’s debt, Bloomberg reported. While a prospective deal is mostly agreed, on similar terms to an accord with Russian state lenders, foreign banks want improved security for the borrowings, Chief Financial Officer Sergey Rezontov said in an interview. “The banks ...