Mechel PAO reports winning the tender for supplying tram rails to Moscow Metro. Shipments will begin this month. The contract stipulates supplies of over 5,000 tonnes of RT62-type rails. The rails produced by Chelyabinsk Metallurgical Plant's universal rolling mill will be used for reconstruction of existing tramway lines, as well as construction [...]
Mechel PAO reports changes in the company's management, including introduction of a new position - that of first deputy chief executive officer. Maxim Zhirgalov has been appointed to this post. As Mechel PAO's first deputy CEO, Maxim Zhirgalov will tackle a wide range of issues regarding the company's strategic development, improvement of [...]
Mechel PAO reports developing design estimate and approval documentation for launching works at the Sivaglinskoye iron ore deposit. The company will invest approximately two billion rubles in this project by the end of 2022. The deposit will be developed by open mining. The Sivaglinskoye iron ore deposit is 135 kilometers north of Neryungri and [...]
Mechel PAO reports the appointment of Andrey Pasynich as chief executive officer of Mechel Mining Management Company OOO. He replaces Igor Khafizov who left the company. "Andrey is a real mining professional, he proved it with his achievements. We now aim to consolidate Mechel's position on the domestic and international coal markets and use our [...]
Mechel PAO , a leading Russian mining and steel group, announces financial results for the 2Q 2021 and 1H 2021. CONSOLIDATED RESULTS FOR THE 2Q'2021 AND 1H'2021 Mechel PAO's Chief Executive Officer Oleg Korzhov commented: "The Group's consolidated revenue in 2Q'2021 amounted to 108.9 billion rubles, up by 43% quarter-on-quarter. EBITDA was 33.7 [...]
Mechel PAO announces 2Q2021 and 1H2021 operational results. Mechel's Chief Executive Officer Oleg Korzhov commented on the 2Q2021 results: "In the second quarter, prices for our key product - coking coal - CFR China and FOB Australia continued their confident growth, and positive export commodity dynamics supported the domestic market as well. The [...]
Mechel PAO announces that it intends to release its operational and financial results for the first six months period ending June 30, 2021, on Friday, August 27, 2021. Mechel PAO Alexey Lukashov Phone: +7495221 8888 e-mail: alexey.lukashov@mechel.com Mechel is an international mining and steel company. Its products are marketed in Europe, Asia [...]
Mechel PAO , a leading Russian mining and metals company, reports paying dividends to holders of its privileged shares based on the company's results for 2020. Mechel PAO has accrued a total of 162.3 million rubles for dividend payment to holders of its privileged shares. The dividend amount per one privileged share was 1.17 rubles. *** Mechel PAO [...]
Mechel PAO reports that Mechel Group's Beloretsk Metallurgical Plant has discharged all obligations to Russia's Industrial Development Fund in regards to a target loan for production of multi-strand wire ropes. Beloretsk Metallurgical Plant received the 255.3-million-ruble loan in 2016 for five years. It accounted for half of the total cost of [...]
Mechel PAO reports discharging all obligations regarding the company's public debt. Mechel reports that the company has fully repaid its 04 series bonds as earlier scheduled. The company has thus completed discharging all obligations it assumed regarding bond series restructured in 2015-2016. In 2015-2016, bondholders approved restructuring of [...]
Mechel announces the decisions made by the annual general shareholder meeting held on June 25 by correspondence. The shareholders decided on the following: not to pay an annual dividend with respect to ordinary shares; to pay an annual dividend of 1.17 rubles per one preferred share; to make the list of persons entitled to receive dividends for [...]
Mechel PAO announces the launch of four wiredrawing benches at Beloretsk Metallurgical Plant, for output of import-substituting wire. The equipment worth 220 million rubles has been acquired as part of the project of revamping Beloretsk Metallurgical Plant's wire and rope facilities. This is the first stage of the facility, where a total of 12 [...]
