MOSCOW, Aug. 7, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports having mined a millionth tonne of coal since operations began at the Elginsky open pit. The millionth tonne of coal was mined at the N16 seam by excavator operator Sergey Klimov and shipped out by dumping truck driver Mikhail Nagibin. The millionth tonne consisted of high-quality coking coal [...]
MOSCOW, Aug. 5, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces 1H2014 operational results. Production and sales for 1H2104 Production: ...
CHELYABINSK, Russia, July 31, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports supplying a batch of R65 rails produced by Chelyabinsk Metallurgical Plant for expanding the carrying capacity of its 321-kilometer Ulak-Elga railway which provides railway access to the Elga coking coal deposit. The supplied rails will enable the company to lay 25 kilometers of [...]
MOSCOW, July 29, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports that the leading inspection, verification, testing and certification company SGS confirmed the high quality of the Elga deposit's coking coal. Independent lab testing showed that samples of coking coal from the Elga deposit are up to Russian and international standard. According to the test [...]
SINGAPORE, July 28, 2014 (GLOBE NEWSWIRE) -- Please note that in a release issued earlier today by Mechel OAO (NYSE:MTL), GS Global was incorrectly referred to as SG Global. The entire corrected release follows: Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports signing a cooperation memorandum with South Korea's GS Global corporation, which provides for supplies of up to 2.8 million [...]
SINGAPORE, July 28, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports signing a cooperation memorandum with South Korea's SG Global corporation, which provides for supplies of up to 2.8 million tonnes of steam coal and washed steam coal. According to the memorandum, Mechel Group will annually supply SG Global's facilities up to 2.8 million tonnes of coal [...]
MOSCOW, July 22, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports reaching record results in supplying coal to Asia Pacific in the first half of this year. In January-June 2014, Mechel exported 5.3 million tonnes of coal to Asia Pacific markets, which is the highest result in the company's history. In the same period in 2013, the company shipped approximately [...]
CHELYABINSK, Russia, July 21, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports the beginning of the certification process for its 100-meter rails intended for general use, produced at Chelyabinsk Metallurgical Plant's universal rolling mill. A batch of rails produced at Chelyabinsk Metallurgical Plant was sent to the town of Scherbinka near Moscow for [...]
MOSCOW, July 17, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports liquidating the Group's ferroalloy division due to successful asset sales as part of the company's strategy. Due to the sale of Tikhvin Ferroalloy Plant and Voskhod Mining Plant in late 2013, the company's Board of Directors decided to reorganize the Group's administrative structure by [...]
MOSCOW, July 15, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports extending the maturity of the loans granted by VTB Bank earlier to Southern Kuzbass Coal Company OAO and Yakutugol Holding Company OAO, totaling 15.8 billion rubles. Mechel Group's Southern Kuzbass Coal Company OAO and Yakutugol Holding Company OAO signed agreements with VTB Bank on extending [...]
MOSCOW, June 30, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces that its Annual General Shareholders' Meeting was held today. The following key resolutions were adopted by shareholders at the meeting: To pay no dividends on ordinary shares. To pay a dividend of 0.05 rubles per one preferred share. The payment is due to be made by bank transfer over the [...]
MOSCOW, June 17, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports consolidating shipments of the Group's products within its subsidiary Mecheltrans. This will enable the company to cut overall transport costs, improve the logistics of shipments both by its own and outsourced wagons. This will create additional opportunities for increasing revenue from product [...]
