Mechel PAO reports launching Longwall 0-17-18 at V.I. Lenina Underground Mine, which is part of Southern Kuzbass Coal Company. The new longwall’s industrial coking coal reserves are estimated at 560,000 tonnes. The longwall is 190 meters long, with an average seam height of three meters, the extraction panel is approximately 730 meters. The longwall is equipped with a 130-section powered support system, a [...]
Mechel PAO announces financial results for the 2Q 2019. Mechel PAO’s Chief Executive Officer Oleg Korzhov commented: “Consolidated EBITDA in the second quarter went down by 2% quarter-on-quarter even as Steel and Mining divisions’ EBITDA steadily grew, due to the change in inter-segment margin and inter-segment inventories balance. “Regarding our operational results, I would like to mention the 31 [...]
Mechel PAO announces 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 18.21 rubles per one preferred share; - to make the list of persons entitled to receive dividends for preferred shares for 2018 based on the data in the Mechel PAO Shareholders’ Register [...]
Mechel PAO announces financial results for the 1Q 2019. Mechel PAO’s Chief Executive Officer Oleg Korzhov commented: “The first quarter’s financial results demonstrated positive dynamics compared to previous period. Upon stable revenue, EBITDA went up by 2%, while operating profit and profit attributable to Mechel PAO’s shareholders showed major growth. “As a key factor impacting the [...]
Mechel PAO announces 1Q2019 operational results. Mechel PAO’s Chief Executive Officer Oleg Korzhov commented on the 1Q2019 operational results: “In this accounting period, prices for our key products remained at fairly high levels. This was due to insufficient investment into the coal industry worldwide and other factors, such as the restrictions on Australian coal shipments and China’s introduction of [...]
Mechel PAO , a leading Russian mining and metals company, reports that the Supervisory Board of Russia’s Industry and Trade Ministry’s Industrial Development Fund approved a low-interest loan to Mechel Group’s Beloretsk Metallurgical Plant for upgrading its wire and rope production facilities. The project’s cost will total 1.5 billion rubles, with the Industrial Development Fund footing the bill [...]
Mechel PAO , one of the leading Russian mining and metals companies, announces 2018 operational results. Mechel PAO’s Chief Executive Officer Oleg Korzhov commented on the 2018 operational results: “Global coking and thermal coal prices remained at a fairly high level in this accounting period. This trend was due to two key factors — a stable demand for steel and so for steel commodities in Asia Pacific [...]
Consolidated revenue – 312.6 bln rubles EBITDA* – 75.7 bln rubles Profit attributable to equity shareholders of Mechel PAO – 12.6 bln rubles Mechel PAO , a leading Russian mining and steel group, announces financial results for the FY 2018. Mechel PAO’s Chief Executive Officer Oleg Korzhov commented: “The Group finished the year 2018 with a year-on-year 5% increase in revenue and 9% increase [...]
Mechel PAO , 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, 2018, on Thursday, March 21, 2019. *** Mechel PAO Alexey Lukashov Phone: +7 495 221 8888 e-mail: alexey.lukashov@mechel.com *** Mechel is an international mining and steel company. Its products are marketed in Europe, Asia, North and [...]
Mechel PAO , a leading Russian mining and metals company, reports launching an online store to market the company’s rolls. Mechel Service OOO’s online store offers a wide range of rolls, including over 40,000 articles in 49 categories such as flat and section rolls, pipes, hot- and cold-rolled products, hardware, stainless rolls and others. The store’s website is http://www.mechelservice.ru/catalog . The [...]
Mechel PAO , a leading Russian mining and metals company, reports refinancing its one-billion-dollar syndicated pre-export facility with a pool of international lenders. The restructuring became possible by a credit line in euro granted by VTB Bank with maturity in April 2022. The grace period on the body of the debt is set until April 2020. Debt buyback from lenders yielded Mechel financial revenue totaling about 13 [...]
Mechel PAO , a leading Russian mining and metals company, reports prolonging its agreement on coke supplies to Turkey’s steelmaking holding Kardemir. According to the agreement, from January to December 2019 Mechel will supply the Turkish company with 200,000 tonnes of metallurgical coke produced at Moscow Coke and Gas Plant. Compared to the previous deal, the amount of supplies to Kardemir will go up by nearly 70 [...]
+17,36 %
-63,83 %
