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Sunday, February 13, 2011

Russia's Mechel signs $210 mln loan for coal mine

Feb12, 2011

Reuters; Russian coal and steel producer Mechel on Feb 7 said it signed a $210 million loan to finance a second line at its Sibirginskaya mine.

The loan will be repaid in monthly installments from Feb, 2014 through Dec, 2015 and allow the mine to produce 2.4 million tonnes of coal per year. (sourced:Reuters)

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