Mechel PAO , one of the leading Russian mining and metals companies, reports prolonging the contract for coal supply with China’s Jidong Cement, one of the world’s top cement producers, until the end of 2019. According to the agreement, during this year Mechel will supply its Chinese partners up to two million tonnes of thermal coal mined at the company’s South Yakutia facilities, Elgaugol OOO and [...]
Mechel PAO , one of the leading Russian mining and metals companies, reports acquiring some 150 railcars in November-December for a total of 467 million rubles as part of the transport fleet upgrade program. Most gondola railcars were produced by Altaivagon OJSC and RM Rail Ruzhimmash and both bought to own and leased. Currently Mechel Group’s transport operator Mecheltrans OOO manages approximately 11,000 train [...]
Mechel PAO , a leading Russian mining and metals company, reports expansion of the sales agreement with a major Japanese universal trading company Itochu Corporation. The agreement stipulates that Mechel and Itochu Corporation agreed on potential sales of up to 800,000 tonnes of coking and thermal coal between December 2018 and March 2020. The coal will be shipped from Mechel’s Southern Kuzbass Coal Company and [...]
Mechel PAO , one of the leading Russian mining and metals companies, launching a new facility for output of import-substituting multi-strand steel ropes at Beloretsk Metallurgical Plant. The Republic of Bashkortostan’s acting Head Radiy Khabirov, Director of Russia’s Industry and Trade Ministry’s Metallurgy and Materials Department Pavel Servatinsky, First Deputy Director of Russia’s Industrial [...]
Consolidated revenue – 237.0 bln rubles EBITDA* – 60.6 bln rubles Profit attributable to equity shareholders of Mechel PAO – 11.0 bln rubles Mechel PAO , a leading Russian mining and steel group, announces financial results for the 9M 2018. Mechel PAO’s Chief Executive Officer Oleg Korzhov commented: “The Group’s nine months 2018 financial result from operating activities demonstrated a [...]
Mechel PAO , one of the leading Russian mining and metals companies, announces that it intends to release its operational and financial results for the nine months period ending September 30, 2018, on Tuesday, November 27, 2018. In conjunction with these releases, Mechel will host a conference call, which will be simultaneously broadcast live over the Internet. Oleg Korzhov, Chief Executive Officer, will host the call [...]
Mechel PAO , one of the leading Russian mining and metals companies, reports that Russia’s Natural Resources and Ecology Minister Dmitry Kobylkin and Chelyabinsk Region’s Governor Boris Dubrovsky paid a working visit to the Group’s Chelyabinsk production site. They toured facilities due for an upgrade as part of the company’s environment protection program. The delegation also included the [...]
Mechel PAO reports launching Longwall 21-1-11 at Olzherasskaya Novaya Underground Mine which is part of Southern Kuzbass Coal Company. The new longwall’s industrial coal reserves are estimated at 3.6 million tonnes. The longwall is 200 meters long, the extraction panel is approximately 1,660 meters. Mining at the longwall will be conducted by a stoping complex including a 135-section powered support system, a [...]
Mechel PAO , one of the leading Russian mining and metals companies, reports its participation in the leading international trade fair for transport technology, InnoTrans 2018. The fair will be held on September 18-21 in Berlin, Germany. At InnoTrans, Mechel will present products made at Chelyabinsk Metallurgical Plant’s universal rolling mill — differentially heat-treated and non-heat-treated rails up to 100 [...]
Consolidated revenue – 157.0 bln rubles EBITDA* – 41.4 bln rubles Profit attributable to equity shareholders of Mechel PAO – 4.7 bln rubles Mechel PAO , a leading Russian mining and steel group, announces financial results for the 1H 2018. Mechel PAO’s Chief Executive Officer Oleg Korzhov commented: “In the second quarter, the Group improved its financial results quarter-on-quarter. The first [...]
