Consolidated revenue - 64.5 bln rubles EBITDA- 8.9 bln rubles Profit attributable to equity shareholders of Mechel PAO - 47.1 bln rubles Mechel PAO , a leading Russian mining and steel group, announces financial results for the 2Q 2020 and 1H2020. Mechel PAO's Chief Executive Officer Oleg Korzhov commented: "Despite a complicated epidemiological [...]
Mechel PAO , one of the leading Russian mining and metals companies, announces 1H2020 operational results. Mechel PAO's Chief Executive Officer Oleg Korzhov commented on 1H2020 operational results: "We do not see any significant impact of the COVID-19 pandemic on our mining segment's operational results. Our facilities function in a stable mode and [...]
Mechel PAO announces that it intends to release its operational and financial results for the first six months period ending June 30, 2020, on Wednesday, August 19, 2020. 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 announces the decisions made by the annual general shareholder meeting held on June 30. The shareholders decided on the following: - not to pay an annual dividend with respect to ordinary shares; - to pay an annual dividend of 3.48 rubles per one preferred share; - to make the list of persons entitled to receive dividends for preferred [...]
Mechel PAO reports completion of another stage of its production facility's ecological modernization at Chelyabinsk Coke and Chemical Products Plant . The plant has revamped its coke battery #8, which will enable it to decrease waste emissions. Investment in the project totaled 218 million rubles. The coke battery #8's reconstruction which included [...]
Mechel PAO announces the decisions made by its Board of Directors at a meeting held on June 17, 2020. The Board of Directors made the following decisions: to terminate early the authority of Mechel PAO's collective executive body 's member Minas A. Darbinyan to elect the Management Board as follows: Oleg V. Korzhov Nelli R. Galeeva Natalia O [...]
Dear shareholders, In April 2020, our company's management was able to get the approval of our major lenders who hold 88% of our debt, for the conditions of a 10-year restructuring deal. This was indisputably vital for us, as even in 2017, as our previous debt restructuring with state-owned banks came into force, putting off payments on the main [...]
Mechel PAO reports the decisions made by its Board of Directors at a meeting held on June 4, 2020. Mechel PAO's Board of Directors determined the repurchase price of Mechel PAO's ordinary shares as based on the volume-weighted average price calculated according to the results of on-exchange trading over the six months prior to the date of the [...]
Mechel PAO announces the decisions made by its Board of Directors at a meeting held on May 29, 2020. The Board of Directors made the following recommendations to the general meeting of Mechel PAO's shareholders: not to pay an annual dividend with respect to ordinary shares; to pay an annual dividend of 3.48 rubles per one preferred share; that the [...]
Mechel PAO reports increased sales of rails and sections for wagon building over the first four months of 2020. Over these months, Chelyabinsk Metallurgical Plant has shipped 3.5 times more rails year-on-year, with sales totaling 145,000 tonnes. Rail exports have more than doubled during this period. The plant has also signed its first contract [...]
Mechel PAO's Chief Executive Officer Oleg Korzhov commented: "Consolidated EBITDA in 1Q2020 went up by 36% quarter-on-quarter. This was due to EBITDA's quarter-on-quarter increase in each of the Group's business segments. The steel division contributed the most, as its EBITDA doubled quarter-on-quarter. This dynamic became possible due to a [...]
Mechel PAO announces 1Q2020 operational results. Mechel PAO's Chief Executive Officer Oleg Korzhov commented on 1Q2020 operational results. "Mechel is on the federal list of Russia's key systemic companies because our facilities' uninterrupted operations is critically important to maintain stability in the regions where the Group is present as well [...]
