Russia: Zyuzin sells a piece of Mechel for debts

The Zyuzins family decreased their consolidated share in Mechel from 55.04% to 50.1%, having given 4.93% to Veriotex Holdings Limited as a repayment of the debt. At present Igor Zyuzin owns 26.47% of the company, a part of which is owned through Calridge Ltd. “In October Calridge transferred 20.534 million shares as debt settlement”, the…

Ukraine: Selidovugol miners on strike

At the Novogrodovskaya mine of the state enterprise Selidovugol in Donetsk region 34 miners of the first shift refused to go above ground. According to the chairman of the International Miners Union of Ukraine Mikhail Volynets, they demand paying salary. “The miners want their salary debts cleared”, he wrote on his Facebook page. (Ukrainian metal)