Russian steel and coal producer Mechel has decided not to buy back a stake in its biggest asset, the Elga coal mine in Russia’s far east, from its creditor Gazprombank, which has held the stake since 2016, said on Tuesday. Mechel is engaged in talks with its creditors about restructuring $6-billion in loans. It sold ... 
Russia’s Mechel won’t buy back stake in Elga coal mine
Anastasia Bogdanova | January 22, 2020 Russian steel and coal producer Mechel has decided not to buy back a stake in its biggest asset, the Elga coal mine in Russia’s far east, from its creditor Gazprombank, which has held the stake since 2016, said on Tuesday. Mechel is engaged in talks with its creditors about restructuring $6-billion in loans. It sold ... 
Kazatomprom, the world’s largest producer of nuclear fuel uranium, has secured investors for its listing of 15 per cent of the company in London this month, according to people familiar with the process. The company, which is owned by the state of Kazakhstan, is looking to raise up to $600m in the listing, which would ... 
Consolidated revenue – 299.1 bln rubles (+8% compared to FY2016) EBITDA* – 81.1 bln rubles (+23% compared to FY2016) Profit attributable to equity shareholders of Mechel PAO – 11.6 bln rubles Mechel PAO, a leading Russian mining and steel group, announces financial results for the full year 2017. Mechel PAO’s Chief Executive Officer Oleg Korzhov commented: “The 2017 financial results exceeded those ... 
Mechel PAO (MOEX:MTLR) (NYSE:MTL), 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 ... 
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 ... 
Polyus, Russia’s largest goldproducer, has sold 9% of its shares in an offering in Moscow and London, at the low end of a previously set range, the company said on Friday. British investors bought about half of the share offering, VTB Capital, a bookrunner on the deal, said in a separate statement. The share of ... 
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 ... 
Mechel PAO (NYSE: MTL, MOEX: MTLR), a leading Russian mining and metals company, announced the decisions made by its Board of Directors at a meeting held on June 6, 2017. The Board of Directors recommended to the general meeting of Mechel PAO’s shareholders not to pay an annual dividend with respect to ordinary shares; to ... 
Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, announces 1Q2017 operational results. “This accounting period can be considered as fairly favorable for the global coal market. After the aggressive price hike in 3Q2016 and 4Q2016, the market went back to the price level comfortable for most international mining ... 
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 ... 
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 ...