Russia's Mechel Lands $2.5B In Coal Project Funding
The money will pay for the first phase of the so-called Elga Coal Complex, which will include a mine, a coal-washing complex and a railroad, the company said. Mechel expects the mine to produce 11.7 million tons of coal per year by 2017 and create 5,000 new jobs.
“With the help of Vnesheconombank’s funds...
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