MOSCOW, Dec. 20, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces signing agreements with Sberbank of Russia on restructuring a part of Mechel OAO's debt to the bank (25.5 billion rubles, approximately 773 million US dollars*). The Group's obligations to the bank are extended by 5 years, with a grace period until the first quarter of 2015. The conditions of [...]
MOSCOW, Dec. 20, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces that it intends to release its financial results for the first half ending June 30, 2013, and the nine months ending September 30, 2013 on Monday, December 23, 2013. In conjunction with this release, Mechel will host a conference call, which will be simultaneously broadcast live over the [...]
MOSCOW, Dec. 9, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces reaching agreement on covenant holidays on bilateral credit lines from Sberbank of Russia amounting to 44.9 billion rubles (approximately 1.36 billion US dollars*) until the end of 2014. "We are grateful for Sberbank's support of Mechel's revised development strategy, which includes a gradual [...]
MOSCOW, Dec. 4, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces reaching agreement on covenant holidays on bilateral credit lines from VTB Bank amounting to USD 1.8 billion until the end of 2014. "This agreement once again demonstrates that VTB is one of our most longstanding and credible partners. We are thankful to VTB for many years of fruitful [...]
MOSCOW, Dec. 3, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces reaching agreement to extend the grace period and maturity of its USD 1 billion syndicated facility to the end of 2014 and 2016 respectively. The process was coordinated by ING Bank N.V., Societe Generale and VTB Capital. The agreement was signed on behalf of a syndicate of leading [...]
MOSCOW, Nov. 28, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces that Elgaugol OOO project company has received the 150-million-dollar first tranche of the project financing for Elga Coal Complex's first stage totalling 2.5 billion US dollars from Vnesheconombank. Currently development of the rich Elga deposit is a key investment project for Mechel [...]
MOSCOW, Nov. 25, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces reaching agreement on covenant holidays on its USD 1 billion syndicated facility until the end of 2014. The agreement was signed on behalf of a syndicate of leading international banks, including ING Bank N.V., Societe Generale, UniCredit, Commerzbank Aktiengesellschaft, Raiffeissen Bank [...]
MOSCOW, Nov. 18, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports its participation in the 19th International Industrial Exhibition Metal-Expo' 2013, which was held at the All-Russia Exhibition Center in Moscow on November 12-15, 2013. Mechel's corporate booth showcased the products of Chelyabinsk Metallurgical Plant, Urals Stampings Plant, Beloretsk [...]
MOSCOW, Nov. 7, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces 9M2013 operational results. Production and sales for 9M2013* Production: Product name 9M2013, thousand tonnes 9M2012, thousand tonnes % 3Q2013, thousand tonnes 2Q2013, thousand tonnes...
MOSCOW, Oct. 29, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports the sale of a 28-percent share in Vanino Sea Trade Port OAO's equity capital. Mechel Group, as represented by Mecheltrans OOO, sold some 28% of the port's equity capital to an outside investor, retaining a minor share package for itself. The transaction amounted to 5.04 billion rubles [...]
KOMSOMOLSK-ON-AMUR, Russia, Oct. 24, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces that an agreement between Vnesheconombank and Mechel on allocating the first tranche of the project financing for Elga Coal Complex's first stage totalling 2.5 billion US dollars, was signed in the presence of the Russian Federation's Prime Minister Dmitry Medvedev. The [...]
MOSCOW, Oct. 16, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports that its extraordinary general shareholders' meeting approved issuing of guarantee by Mechel OAO for performance of Mechel Group sellers' obligations under the sale-purchase agreement (including but not limited to sellers' warranties) to the buyer, Yildirim Group. This guarantee is a condition [...]
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