Siberia | Materials, extraction

Sberbank to loan $406m to Mechelís coal mining subsidiary

20 Dec '10
Ugolnaya Kompaniya Yuzhny Kuzbass (Coal Company South Kuzbass) is to take out a $406m loan with Sberbank, the bank reports.

Under plans, the funds are to be invested into construction of Sibirginskaya coal mine in Kemerovo region.

The loan terms and interest rate have yet to be disclosed.

The mineís projected annual coal mining capacity is 2.4 million tons.

Coal Company South Kuzbass is a part of Mechel group.
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Tags: Sberbank (679) / Mechel (38) / coal (202) / Sibirginskaya mine (2) / Coal Company South Kuzbass (0) /

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