Mechel has concluded a loan agreement with its company Korshunovsky Mining and Processing Works for 3.2 billion rubles.
The deal amounts to 7.17% of Korshunovsky GOK assets value.
The agreement was concluded on March 11.
Mechel has to return the funds with interest until May 31, 2023.
The interest rate has not been disclosed.
In November 2019, Mechel borrowed 4 billion rubles from Chelyabinsk Iron and Steel Works. (Ukrainian metal)