MOSCOW, March 17, 2016 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL) (MOEX:MTLR), a leading Russian mining and metals company, reports that Alexey Ivanushkin is leaving his post of Mechel OAO’s First Deputy Chief Executive Officer. The post of the company’s First Deputy Chief Executive Officer will be discontinued and its functions redistributed among other management board members. “Alexey Ivanushkin has [...]
MOSCOW, March 04, 2016 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL) (MOEX:MTLR), a leading Russian mining and metals company, announces that the extraordinary general meeting of the company’s shareholders took place today. The shareholders approved the following decisions: To terminate early the powers of members of Mechel OAO’s Board of Directors. To elect the following persons as members of Mechel OAO’s [...]
MOSCOW, Feb. 17, 2016 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), a leading Russian mining and metals company, announces that Glass Lewis and ISS, independent proxy advisory firms, have recommended that Mechel OAO shareholders vote to approve the deals with creditors at the Company’s extraordinary general meeting scheduled for March 4, 2016. Glass Lewis and ISS recommended that Mechel shareholders approve the [...]
MOSCOW, Feb. 11, 2016 (GLOBE NEWSWIRE) -- Mechel OAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, reports that supplies of 100-meter R65 DT-350 type rails to Russian Railways OAO have begun. Mechel OAO’s Chelyabinsk Metallurgical Plant has already shipped off the first 12,000-tonne batch to Russian Railways. Chelyabinsk Metallurgical Plant supplies rails as part of a supplementary [...]
MOSCOW, Feb. 04, 2016 (GLOBE NEWSWIRE) -- Mechel OAO (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 March 4, 2016. In compliance with task appointed by the Board, Special Committee of independent directors commissioned an independent [...]
MOSCOW, Dec. 1, 2015 (GLOBE NEWSWIRE) -- Mechel OAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, reports the appointment of Andrey Ponomarev as Chief Executive Officer of Mechel-Steel Management Company OOO. He will replace Vladimir Tytsky who left the company due to retirement. Andrey Ponomarev, 38, has been working in various Mechel Group structures for over 16 years. In 1999, after [...]
MEZHDURECHENSK, Russia, Oct. 12, 2015 (GLOBE NEWSWIRE) -- Mechel OAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, announces launching a new long wall face at its Southern Kuzbass OAO coal mining subsidiary's Olzherasskaya-Novaya Mine. New long wall face No. 21-1-9 with coal reserves of 3.4 million tonnes has been launched at Olzherasskaya-Novaya Mine. The mine's team is due to work on [...]
MOSCOW, Sept. 18, 2015 (GLOBE NEWSWIRE) -- Mechel OAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, announces the decisions made at the general meetings of 13 and 14-series bondholders regarding changes to the current repayment schedule and the interest rate for the future periods. The bondholders have approved by absentee ballot the new restructuring parameters for the 13th and 14th [...]
MOSCOW, Sept. 18, 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 no longer 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 [...]
MOSCOW, Sept. 15, 2015 (GLOBE NEWSWIRE) -- Mechel OAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, reports signing an amicable settlement as part of the lawsuit brought by Eurasian Development Bank against Yakutugol Holding Company OAO. The settlement agreement provides for a restructuring of credit lines that had been granted by Eurasian Development Bank. Mechel OAO's subsidiary [...]
Revenue amounted to $2.3 billion Consolidated EBITDA(a)* amounted to $390 million Net loss attributable to shareholders of Mechel OAO amounted to $239 million MOSCOW, Sept. 11, 2015 (GLOBE NEWSWIRE) -- Mechel OAO (MICEX:MTLR) (NYSE:MTL), a leading Russian mining and steel group, announces financial results for the 1H 2015. Mechel OAO's Chief Executive Officer Oleg Korzhov commented: "The company has confidently passed [...]
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