Mechel net profits down 40% in the first half of 2017

MINEX FORUM | August 23, 2017
img0 Mechel PAO (MOEX: MTLR, NYSE: MTL), a leading Russian mining and steel group, announces financial results for the 1H2017.   Mechel PAO’s Chief Executive Officer Oleg Korzhov commented: “The company’s 1H2017 results demonstrated a substantial improvement year-on-year. This became possible due to a positive dynamics in the coking coal market, significant diversification of our steel ...

Mechel will spend about $24 millon to pay dividends

MINEX FORUM | June 30, 2017
img0 Mechel PAO (NYSE: MTL, MОEX: MTLR), one of the leading Russian mining and metals companies, reports the decisions made by the annual general shareholder meeting held today. The shareholders decided not to pay an annual dividend with respect to ordinary shares, but to pay an annual dividend of 10.28 rubles per one preferred share (approximately 0.17 US ...

Donetsk People’s Republic nationalizes Mechel’s suspended plant

MINEX Forum | July 22, 2016
img0 Image: http://scandaly.ru/ Mechel PAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports receipt of the notice for introduction of a temporary state administration at the integral property complex of the Private Joint-Stock Company “Donetsk Electrometallurgical Plant” which is part of Mechel Group, the company’s press service reported. The Decree №12 ...

Mechel’s Foreign Lenders Seek More Collateral for Restructuring

MINEX Forum | July 21, 2016
img0 Image: http://scandaly.ru/ Mechel PJSC’sforeign lenders are seeking more collateral before agreeing to restructure $1 billion of the Russian steel and coal producer’s debt, Bloomberg reported. While a prospective deal is mostly agreed, on similar terms to an accord with Russian state lenders, foreign banks want improved security for the borrowings, Chief Financial Officer Sergey Rezontov said in an interview. “The banks ...