Mechel OAO (ADS)

MOSCOW, May 24, 2016 (GLOBE NEWSWIRE) -- Mechel PAO (NYSE:MTL) (MOEX:MTLR), a leading Russian mining and metals company, reports that its Chief Financial Officer Andrey Slivchenko is leaving the company following the completion of his two-year contract. “We are deeply grateful to Andrey Slivchenko for his huge contribution into our efforts on stabilizing the company’s financial situation. Andrey joined our [...]

Revenue amounted to 253,141 million rubles Consolidated EBITDA(a)* amounted to 45,730 million rubles Net loss attributable to shareholders of Mechel PAO amounted to 115,163 million rubles MOSCOW, May 13, 2016 (GLOBE NEWSWIRE) -- Mechel PAO (MICEX:MTLR) (NYSE:MTL), a leading Russian mining and steel group, announces financial results for the full year 2015. In accordance with legislation of the Russian Federation, starting [...]

MOSCOW, May 13, 2016 (GLOBE NEWSWIRE) -- Mechel PAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, announces 2015 operational results. Production and sales for 2015 Production: Product Name 2015, thousand tonnes 2014, thousand tonnes % 4Q2015, thousand tonnes 3Q2015, thousand tonnes % Run-of-Mine Coal 23,181 22,624 +2 5,776 5,957 -3...

MOSCOW, May 10, 2016 (GLOBE NEWSWIRE) -- Mechel PAO (MICEX: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 full year period ending December 31, 2015, on Friday, May 13, 2016. In conjunction with this release, Mechel will host a conference call, which will be simultaneously broadcast live over the Internet. Oleg [...]

Mechel announces that Glass Lewis and ISS, independent proxy advisory firms, have recommended that Mechel PAO shareholders vote to approve the deals with creditors at the Company’s extraordinary general meeting scheduled for May 26, 2016. Glass Lewis and ISS recommended that Mechel shareholders approve the transactions on providing and changing suretyships and pledges provided by the company to the following [...]

MOSCOW, April 29, 2016 (GLOBE NEWSWIRE) -- Mechel PAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, reports its transition to the International Financial Reporting Standards (IFRS) as it prepares to publish its consolidated financial report. Earlier Mechel used US GAAP standards in filing its financials. The date of transition to IFRS was January 1, 2014. On or before May 13, 2016, the [...]

MOSCOW, April 18, 2016 (GLOBE NEWSWIRE) -- Dear fellow shareholders! Once again we are calling an extraordinary shareholder meeting, and once again I call on you to act in support of the company and your investments. We have worked very hard with our major lenders, and as a result reached and signed debt restructuring agreements with all state-owned banks. At the same time, restructuring conditions include approval of [...]

MOSCOW, April 18, 2016 (GLOBE NEWSWIRE) -- Mechel PAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, reports the signing and court approval of settlements restructuring Mechel’s debt to Sberbank totaling approximately 30 billion rubles and 427 million US dollars. Mechel Group’s enterprises – Chelyabinsk Metallurgical Plant PAO, Southern Kuzbass Coal Company PAO, Mechel [...]

MOSCOW, April 14, 2016 (GLOBE NEWSWIRE) -- Mechel PAO (MICEX:MTLR) (NYSE:MTL), a leading Russian mining and metals company, reports that the company’s Board of Directors made the following recommendations for voting at Extraordinary General Shareholders’ Meeting scheduled for May 26, 2016. In compliance with task appointed by the Board, Special Committee of independent directors commissioned an independent [...]

MOSCOW, April 04, 2016 (GLOBE NEWSWIRE) -- Mechel PAO (NYSE:MTL) (MOEX:MTLR), a leading Russian mining and metals company, announces signing an agreement on offering Gazprombank AO the option to purchase 49% share in the Elga coking coal deposit development project for 34.3 billion rubles. According to the agreement, Mechel is due to sell to Gazprombank by June 30, 2016, 49% of shares in Elgaugol OOO, the project operator [...]