Mechel PAO, one of the leading Russian mining and metals companies, reports launching Longwall 0-17-16 at V.I. Lenina Underground Mine which is part of Southern Kuzbass Coal Company. The new longwall’s industrial coal reserves are estimated at 650,000 tonnes of valuable coking coal grades. The longwall is 200 meters long, the extraction panel [...]
MOSCOW, April 03, 2018 -- 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, 2017, on Thursday, April 5, 2018. In conjunction with these releases, Mechel will host a conference call, which will be simultaneously [...]
BELORETSK, Russia, March 14, 2018 -- Mechel PAO , one of the leading Russian mining and metals companies, reports that Beloretsk Metallurgical Plant launched new ecological equipment in its high-strength wire workshop. The upgrade enabled the plant to stop using acid in wire production, bring industrial waste effluents down by eight times and [...]
Mechel PAO, one of the leading Russian mining and metals companies, reports Nelli Galeeva’s appointment as the company’s Chief Financial Officer. Prior to this appointment, Nelli Galeeva headed Mechel’s accounting and tax department and oversaw work on the Group’s consolidated international financial reporting. She has been [...]
MOSCOW, Dec. 29, 2017 -- Mechel PAO , one of the leading Russian mining and metals companies, reports successful completion of talks on restructuring the 1-billion-dollar syndicated pre-export facility in a bid to further improve the company’s financial state. Mechel has obtained the agreement of over 75% by value and the majority in number [...]
Mechel reports that Chief Financial Officer Sergey Rezontov is leaving the company. Sergey Rezontov decided to leave the post of Mechel PAO’s chief financial officer for personal reasons. “We are grateful to Sergey for his work and we treat his decision with understanding,” Mechel PAO’s Chief Executive Officer Oleg Korzhov [...]
MOSCOW, Dec. 26, 2017 -- Mechel PAO , one of the leading Russian mining and metals companies, reports leasing 18 BelAZ mining trucks as part of an agreement with State Transport Leasing Company for a total of 2.8 billion rubles. In November and December, Mechel Group’s mining division facilities have signed several agreements with State [...]
MOSCOW, Dec. 21, 2017 -- Mechel PAO , one of the leading Russian mining and metals companies, reports that Mechel Group’s Izhstal PAO and State Specialized Russian Export-Import Bank signed a loan agreement for financing high-technology product manufacturing for export contracts. Eximbank of Russia AO opened a credit line totaling 3.35 [...]
BAAR, Switzerland, Dec. 21, 2017 -- Mechel PAO , one of the leading Russian mining and metals companies, reports signing a memorandum on coke supply with a major Balkans steelmaker, HBIS Group Serbia Iron & Steel. According to the agreement, Moscow Coke and Gas Plant will supply its Serbian partner with up to 120,000 tonnes of coke products or some [...]
ZURICH, Switzerland, Dec. 20, 2017 -- Mechel PAO , one of the leading Russian mining and metals companies, reports signing a memorandum for coal supply with China’s Jidong Cement, one of the world’s top cement producers. According to the memorandum, Mechel will supply its Chinese partners up to three million tonnes of steam coal mined [...]
Mechel reports signing a protocol of intent on development of ties between Mechel-Steel Management Company OOO and Kyrgyzstan’s National Company Kyrgyz Temir Zholu. The protocol was signed in Bishkek on the sidelines of the Sixth Russian-Kyrgyz Inter-Region Conference for a term of five years, in the presence of the co-chairmen of the [...]
