YIEH reported that Russian Mechel Steel has reached an agreement with international banks that the loan repayment of USD 1.5 billion will be prolonging for two months in order to purchase Oriel Resources Plc.
Mr Dmitry Smolin metals analyst at UralSib bank said "Mechel has a very high
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Monday, June 1, 2009
Mechel to buy Oriel Resources - Report
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