Plans in place for 2x Ebitda, says Mechel CFO

Digging out of a mountain is no easy feat. Russian mining and metals firm Mechel has its own mountain of around $9bn of debt — or nine times Ebitda — from which it is clawing an escape. Its approach has been to renegotiate terms with lenders and to sell assets, according to the firm's CFO, Stanislav Ploschenko.