Mechel Reports Results of Ecological Awareness Year

Mechel PAO reports its results in the Ecological Awareness Year announced in Russia in 2017. The Group’s production facilities implemented a series of large-scale projects in a bid to improve the ecological situation in the regions of its production and administrative operations. Those include: Mechel-Coke conducted technical upgrading of its benzene facility in the framework of a cooperation agreement with Russia’s Natural Resources and Environment Ministry, Federal Service for Supervision ...
01 December 2018., 12:05   comment

Mechel Signed Long-Term Coal Supply Contract with Itochu Corporation

Mechel PAO (MOEX: MTLR; NYSE: MTL), a leading Russian mining and metals company, reports signing a framework agreement with a major Japanese universal trading company Itochu Corporation. The agreement stipulates that Mechel is due to supply Itochu Corporation with up to 300,000 tonnes of washed steam coal produced at Southern Kuzbass Coal Company’s New-Olzherasskaya Mine. The price will be determined by mutual agreement without reference to any particular formula. Japan’s major cement and power ...
11 March 2017., 11:21   comment

Mechel Reports Court Decision’s Entry into Force

Mechel PAO (MOEX: MTLR; NYSE: MTL), a leading Russian mining and metals company, reports a court decision that may have an impact on the value of Mechel PAO’s shares. According to court information, the Fifteenth Arbitration Court of Appeal left unchanged the decision to charge Mechel PAO jointly with other respondent parties a sum of 12.7 billion rubles to recover Rostov Electrometallurgical Plant OOO’s damages. The lawsuit was based on the claim that Mechel jointly with other respondent parties ...
15 September 2017., 15:23   comment

Metalloinvest signs long-term contracts with Mechel for supply of iron ore products

Metalloinvest and Chelyabinsk Metallurgical Plant (part of Mechel) have signed long-term contracts for the delivery of approximately 1.6 mn tonnes of iron ore and pellets. The contract stipulates that Mikhailovsky GOK (part of Metalloinvest) will supply 0.6 mn tonnes of pellets and 1 mn tonnes of iron ore concentrate and sintering ore to Chelyabinsk Metallurgical Plant before 30 June 2018. Pricing will be determined through a formula based on market indicators for iron ore prices in both global ...
08 November 2017., 13:21   comment

Mechel to Pay 1.4bn Rubles Preferred Shares Dividends

On the annual meeting Mechel share holders made a decision to pay 1.426bn rubles as preferred shares dividends for 2016 (10.28 rubles per a share). Thus, the company will allocate 20% of its profit for 2016 as preferred shares dividends. Common shares dividends will not be paid. According to IRFS, for the first time since 2011 Mechel has received 7.1 bn rubles profit. Before that Mechel paid dividends in 2011: 31.28 and 8.06 rubles on the preferred and the common share respectively.
07 April 2017., 17:22   comment