Mechel OAO (ADS)

MOSCOW, April 10, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces the launch of a pilot project on stepping up the efficiency of measures for improvement of labor conditions at the Group's enterprises. The project will be implemented jointly with Russia's Federal Labor and Employment Service as part of that agency's new activity model – Open Labor [...]

MOSCOW, April 9, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces signing a contract with Austria's Binder company for engineering services on designing the technological coal drying line for Elga Coal Complex's first stage. According to the contract, Binder assumes obligations as to designing the coal drying line which will be enclosed in the production [...]

MOSCOW, April 1, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces a new executive appointment. Valery Sheverdin, 50, is appointed Mechel OAO's Vice-President for Corporate Security. "In the seven years that Valery has been working in our company, he has proved himself an excellent professional and experienced leader, capable of tackling the most [...]

MOSCOW, March 21, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports that its subsidiary Mechel Somani Carbon Private Limited launched a screening facility at coal terminal in Vishakhapatnam on India's east coast. This will greatly expand Mechel's capacity for marketing coal on the promising Indian market. Mechel Somani Carbon Private Limited's screening [...]

MOSCOW, March 14, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces that project company Elgaugol OOO, which is part of Mechel Group, and State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)" signed agreements for the second and third credit lines of project financing for developing Elga Coal Complex's first phase, for 2.085 [...]

MOSCOW, March 12, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports that its extraordinary general shareholders' meeting approved the pledge of a blocking minority stake of common shares in Mechel Mining OAO, which comprises the company's mining assets, in favor of Sberbank of Russia OAO. On the basis of several agreements between Mechel and Sberbank signed in [...]

MOSCOW, Feb. 12, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports successful tests of the new coal export terminal at Primorye Region's Port Posiet. Modernization of the port's facilities will enable the company to significantly increase export to the Asia-Pacific countries. The project's cost is estimated to total some 4.5 billion rubles. The first stage of [...]

MOSCOW, Feb. 5, 2014 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces 2013 operational results. Production and sales for 2013* Production: Product name 2013, thousand tonnes 2012, thousand tonnes % 4Q2013, thousand tonnes ...

MOSCOW, Dec. 31, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces the appointment of the company's Senior Vice-President for Economics and Management Oleg Korzhov as Mechel OAO's Chief Executive Officer. This decision was approved by the company's Board of Directors and is valid starting on January 1, 2014. Evgeny Mikhel, who occupied this post since 2010 [...]

MOSCOW, Dec. 27, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces closing the deal for disposal of 100% shares in Voskhod Mining Plant (Khromtau, Kazakhstan) and Tikhvin Ferroalloy Plant (Tikhvin, Leningrad Region, Russia) to Turkey's YILDIRIM Group for a total of 425 million US dollars. In accordance with the deal's conditions, the YILDIRIM Group paid the [...]