Mechel's majority owner Igor Zyuzin appealed to the company's minority shareholders to support the debt restructuring plan with VTB and Gazprombank. After the sale of "Elgaugol" and the railway branch of Ulak-Elga, the company significantly reduced the amount of debt to banks, which allowed to reach an agreement that provides for an extension of the maturity by 7 years, with the possibility of extension for another 3 years, but requires approval of credit and security transactions by a majority vote of minority shareholders.