MOSCOW, April 7, 2015 (GLOBE NEWSWIRE) -- Mechel OAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, reports signing a new agreement with Russian Railways OAO's Center of Corporate Transportation Services, including organization of cargo train traffic by reserved routes with fixed arrival and departure times. The agreement is valid from April 1, 2015 till December 31, 2015. Russian [...]
MOSCOW, April 2, 2015 (GLOBE NEWSWIRE) -- Mechel OAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, reports extending maturity of credit lines granted by Raiffeisenbank AO, totaling 30 million US dollars. Mechel's subsidiary Yakutugol Holding Company OAO signed an agreement with Raiffeisenbank AO for extending the maturity of active credit lines totaling 30 million US dollars until [...]
Mechel OAO, one of the leading Russian mining and metals companies, reports having received a nominee's diploma for employee development in the national "Russian Business Leaders: Dynamics and Responsibility 2014" contest. The annual contest is held by the Russian Union of Industrialists and Entrepreneurs (RSPP) among the country's major companies. The award ceremony was held within the framework of Russian Business Week [...]
MOSCOW, March 3, 2015 (GLOBE NEWSWIRE) -- Mechel OAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, reports receiving notice from the New York Stock Exchange (NYSE) that Mechel OAO's American Depositary Receipts (ADRs) are compliant with the listing's standards requiring that an ADR's average closing price over 30 consecutive trading days must not be lower than 1 US dollar. On October [...]
MOSCOW, Feb. 18, 2015 (GLOBE NEWSWIRE) -- Mechel OAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, has closed a deal on the disposal of Mechel Bluestone, Inc. (Delaware, USA), including its mining operations, to a company owned by the Justice family. The deal includes: an immediate cash payment of $5 million royalty payments on coal mined and sold in an amount of $3.00 per ton [...]
MOSCOW, Feb. 11, 2015 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports that Chelyabinsk Metallurgical Plant won the status of a potential rail supplier to Germany's railway operator Deutsche Bahn AG, following a production audit. As part of the work visit, Deutsche Bahn AG experts toured the oxygen converter workshop, universal rolling mill and the rolling [...]
MOSCOW, Jan. 15, 2015 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports extending the maturity of its credit lines from Credit Bank of Moscow totaling 105 million US dollars. Mechel Group's enterprise — Mechel Service OOO — signed an agreement with Credit Bank of Moscow for extending the maturity of our existing credit lines totaling 105 million US [...]
MOSCOW, Jan. 14, 2015 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces signing a memorandum of understanding with China's steelmaking major Baosteel Resources corporation, which provides for an increase of coal supplies to 1.4 million tonnes of coking coal a year. According to the memorandum, Mechel will supply Baosteel Resources with up to 1.4 million tonnes [...]
MOSCOW, Dec. 26, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports that Trade Port Posiet's annual cargo volume has reached 5 million tonnes of coal products by December 25. This is the best result in the port's history. The shipment including the 5-millionth tonne of coal was expedited to People's Republic of China. This record was made possible by the [...]
MOSCOW, Dec. 18, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports signing agreement on restructuring credit lines with Eurasian Development Bank. Mechel OAO's subsidiary Yakutugol Holding Company OAO signed an agreement with Eurasian Development Bank on revising the payment schedule for its 2.1-billion-ruble loan received earlier. According to the [...]
Revenue amounted to $5.0 billion Consolidated EBITDA(a)* amounted to $470 million Net loss attributable to shareholders of Mechel OAO amounted to $1.2 billion MOSCOW, Dec. 9, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), a leading Russian mining and steel group, announces financial results for the 9M 2014. Mechel OAO's Chief Executive Officer Oleg Korzhov commented on the 9M 2014 results: "This year the company [...]
MOSCOW, Dec. 5, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces that it intends to release its financial results for the nine months period ending September 30, 2014, on Tuesday, December 9, 2014. In conjunction with this release, Mechel will host a conference call, which will be simultaneously broadcast live over the Internet. Oleg Korzhov, Chief Executive [...]
