MOSCOW, Nov. 24, 2017 -- 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, 2017, on Tuesday, November 28, 2017. In conjunction with these releases, Mechel will host a conference call, which will be simultaneously broadcast live over the Internet. Oleg Korzhov, Chief Executive [...]
MOSCOW, Nov. 22, 2017 -- Mechel PAO , a leading Russian mining and metals company, reports a court decision. According to court information, the North Caucasus Arbitration Court reversed the decision by a first-instance court, as well as that of a court of appeal, to charge Mechel PAO jointly with other respondent parties a sum of 12.7 billion rubles in favor of Rostov Electrometallurgical Plant OOO. The case was remanded [...]
TOKYO, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Mechel PAO (NYSE:MTL) (MOEX:MTLR), a leading Russian mining and metals company, reports signing a framework agreement with a major Japanese universal trading company Itochu Corporation. The agreement stipulates that Mechel is due to supply Itochu Corporation with up to 300,000 tonnes of washed steam coal produced at Southern Kuzbass Coal Company’s New-Olzherasskaya Mine. The [...]
MOSCOW, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Mechel PAO (MOEX:MTLR) (NYSE:MTL), a leading Russian mining and metals company, reports signing agreement with Vnesheconombank on a loan to Elgaugol OOO for a total of up to 190 million US dollars in order to refinance its obligations to Vnesheconombank. Vnesheconombank and Elgaugol OOO which is part of Mechel Group’s mining division, signed a loan agreement on financing [...]
Mechel, a leading Russian mining and metals company, reports a court decision that may have an impact on the value of Mechel PAO’s shares. According to court information, the Fifteenth Arbitration Court of Appeal left unchanged the decision to charge Mechel PAO jointly with other respondent parties a sum of 12.7 billion rubles to recover Rostov Electrometallurgical Plant OOO’s damages. The lawsuit was based on [...]
MOSCOW, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Mechel PAO (MOEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, announces 1H2017 operational results. Production and sales for 1Q2017 Production: Product Name 1H2017, thousand tonnes 1H2016, thousand tonnes % 2Q2017, thousand tonnes 1Q2017, thousand tonnes % Run-of-mine coal 10,331 11,528 -10 5,257 5,074 +4 Pig iron 2,038...
Consolidated revenue – 149.4 bln rubles (+15% compared to 1H2016) EBITDA* - 40.2 bln rubles (+56% compared to 1H2016) Net profit, attributable to equity shareholders of Mechel PAO – 5.0 bln rubles MOSCOW, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Mechel PAO (MOEX:MTLR) (NYSE:MTL), a leading Russian mining and steel group, announces financial results for the 1H2017. Mechel PAO’s Chief Executive Officer Oleg [...]
MOSCOW, Aug. 18, 2017 (GLOBE NEWSWIRE) -- Mechel PAO (MOEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, announces that it intends to release its operational and financial results for the first six months period ending June 30, 2017, on Wednesday, August 23, 2017. In conjunction with these releases, Mechel will host a conference call, which will be simultaneously broadcast live over the [...]
CHELYABINSK, Russia, July 20, 2017 (GLOBE NEWSWIRE) -- Mechel PAO (MOEX:MTLR) (NYSE:MTL), a leading Russian mining and metals company, reports that Chelyabinsk Metallurgical Plant has cast its first oversize 50-tonne ingot. The new technology for production of bulk ingots from specialty steels will enable Chelyabinsk Metallurgical Plant to enter a new segment of the oversize product market and make supplies both [...]
Mechel reports the decisions made by the annual general shareholder meeting held today. The shareholders decided on the following: not to pay an annual dividend with respect to ordinary shares; - to pay an annual dividend of 10.28 rubles per one preferred share (approximately 0.17 US dollars per one preferred share and 0.09 US dollars per one preferred ADR*); - to make the list of persons entitled to receive dividends for [...]
MOSCOW, June 08, 2017 (GLOBE NEWSWIRE) -- Mechel PAO (NYSE:MTL)(MOEX:MTLR), a leading Russian mining and metals company, announces the decisions made by its Board of Directors at a meeting held on June 6, 2017. The Board of Directors made the following recommendations to the general meeting of Mechel PAO’s shareholders: - not to pay an annual dividend with respect to ordinary shares; - to pay an annual dividend of [...]
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