Sep. 10 Yuzhny Kuzbass Coal Company signed the 1.905bn rub. worth loan contract with Mechel, the company informed.
The funds will be spent on the current activity. The credit period expires in Aug. 2014.
Yuzhny Kuzbass (TIN 4214000608) provides extraction and enrichment of the coal. It includes 4 coal pits, 3 mines, 3 enrichment plants and some other entities.
The share capital is equal to 1.444mln rub. split in common stocks of 0.04 rub. par each. The major holder is Mechel-Mining as a sub of Mechel keeping 93.48%.
The 2012-net profit (RAS) dropped 5 fold to 2.813bn rub. from 14.045bn rub. prior year; revenues declined 27.15% to 31.642bn rub. from 43.436bn rub.; profit from sales - 4.75 fold to 4.227bn rub. from 20.086bn rub.; pretax profit - 4.45 fold to 4.035bn rub. from 17.938bn rub