Suek struggles as coal throws another obstacle into Russian market

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Suek struggles as coal throws another obstacle into Russian market

Suek coal miner Russia from Alamy 230x150
JT12BG Kemerovo Region, Russia. 2nd Aug, 2017. Brigade foreman Vladimir Berezovsky works in No.1 Taldinskaya-Zapadnaya open-pit coal mine operated by SUEK-Kuzbass in Kemerovo Region. Credit: Kirill Kukhmar/TASS/Alamy Live News | Alamy Stock Photo

Siberian Coal Energy Co (Suek) is set to finally close a loan refinancing next week after a lengthy syndication process that bankers close to the deal blame on a growing number of lenders declining to finance coal-burning activities.

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