Yuzhny Kuzbass signed two loan contracts with Mechel, the company informed.
The loans in the volume of 1.569bn rub. and 1.794bn rub. expire in Dec. 2014. The deals were approved at the BOD sittings in Dec. 2013.
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 9-month 2013-net losses (RAS) gained 1.73bn rub. against 2.417bn rub. in profit prior year; revenues declined 11.25% to 21.81bn rub. from 24.576bn rub.; profit from sales - 9.24 fold to 420.611mln rub. from 3.888bn rub.; pretax losses coming to 1.816bn rub. vs. 3.496bn rub. in profit.