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23.09.2010 Vneshtorgbank and Severstal’ to credit United Industrial Corporation (UPC) under the collateral of Elegest Coal Deposit


UPC and the creditors agreed on principal terms of the credit attracted to meet UPC obligations.

The $480-m half-year credit will be co-financed by them bringing 20 per cent of annual interest.

All control over the pledged 946-m-t coking coal deposit would be transferred to Severstal’


Source:   metcoal.ru