OREANDA-NEWS.  November 28, 2014. Mechel (NYSE: MTL), one of the leading Russian mining and metals companies, reports extending the maturity of its loans from Uralsib Bank, which have earlier been given to Beloretsk Metallurgical Plant and Urals Stampings Plant.

Mechel Group’s enterprises – Beloretsk Metallurgical Plant and Urals Stampings Plant – signed agreements with Uralsib Bank for refinancing the loans earlier received from the bank totaling some 72 million US dollars.

According to the new agreements, Uralsib Bank will provide Beloretsk Metallurgical Plant and Urals Stampings Plant with new loans for an equivalent amount in rubles, which will mature in 2016.